Home prices in first-tier Chinese cities continue to rise in January

BEIJING, Feb. 19 (Xinhua) -- Home prices in first-tier Chinese cities continued to increase on a monthly basis in January, data from the National Bureau of Statistics showed on Wednesday.

In the four first-tier Chinese cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, prices of new and second-hand homes both went up by 0.1 percent.

In the second-tier cities, prices of new homes marked their first increase since June 2023, rising 0.1 percent from the previous month. Prices of second-hand homes dipped by 0.3 percent.