China’s New Home Prices See Sharpest Decline in 11 Months
The September data underscores ongoing difficulties in China’s real estate market as property values fall at the fastest pace since October last year.
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Terms & Concepts
Real Estate Sector: An economic sector that includes the buying, selling, and development of land and property, often reflecting broader economic conditions.
Home Price Index: A measure tracking changes in residential property prices over time, often used to assess housing market trends.