Sanya’s house prices drop 0.2% month on month in March
Statistics shows that prices of newly built homes in Sanya decreased by a 0.2% in March from a month earlier, down 0.5% year on year, the first annual drop in 2012. Haikou also saw the average home prices drop1.4% year on year in March.
Meanwhile, the prices of resold apartments in Sanya dropped 0.2% from a month earlier, down 7.2% year on year. Haikou saw that drop 1.9% year on year.
According to the National Bureau of Statistics, prices of newly built homes in 46 of the 70 large and medium-sized Chinese cities in the survey fell in March on a sequential basis.
The survey also showed that prices of newly built homes in 8 of the 70 cities rose in March from the previous month.
On a year-on-year basis, prices of newly built homes fell in 38 of the 70 cities in March, higher than the 27 cities in February.