中国房地产：11 月房价跌幅进一步扩大-China Property-Home Price Decline Accelerated Further in November

Transaction home prices posted faster decline in November, falling 1.7% m-m (- 13.3% y-y) in the 85 sample cities we track vs. -1.2% in October and -1.3% in September. All sample cities recorded m-m decreases, while >90% recorded faster declines (vs. ~35% in October). In particular, tier 1 cities recorded a deeper and faster drop of -1.8% m-m (vs. -1.3% in October), consistent with our October AlphaWise survey that residents in tier 1 cities are more bearish on home prices. December 3, 2025 09:00 PM GMT Chi ...