In January of this year, average new home prices in 100 major Chinese cities totaled 17,114 yuan per square meter ($2,455 per square meter), up 0.18 percent from the previous month and 2.52 percent year-on-year, according to the CIA, the largest independent real estate research organization in China. China.
Meanwhile, in January, average prices for second homes in 100 major Chinese cities totaled 12,905 yuan per square meter ($1,851.5/sq.m), down 0.85 percent from the previous month, 0.12 percentage points slower than the decline recorded in December last year, and 8.67 percent less than last year, by 0.31 percent. points faster than the annual decrease recorded in the previous month.
