China’s home prices fell in December, closing another tumultuous year for the real estate industry as its debt crisis persists.
New-home prices in 70 cities, excluding state-subsidized housing, dropped 0.37% from November, when they slid 0.39%, figures from the National Bureau of Statistics showed on Monday. Resale home values, which are subject to less government intervention, slid 0.7%, the most in 15 months.
