China Home Prices Drop in September For First Time in a Year
China’s home prices fell 0.03 percent from a month earlier in September, the first decline in a year, said Soufun Holdings Ltd. (SFUN), the country’s biggest real estate website owner.
Residential prices rose in 54 of 100 cities tracked by Soufun and fell in 44 cities, with average home values nationwide at 8,877 yuan ($1,396) a square meter, Soufun said in an e-mailed statement today. Compared with the same month last year, average prices rose 6.15 percent, Soufun said.
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