Meanwhile, in April, average prices for second homes in 100 major Chinese cities totaled 12,733 yuan per square meter (1,856 US dollars per square meter), down 0.46 percent month-on-month, 0.12 percentage points faster than the decline recorded in March this year and down 8.34 percent. year-on-year, 0.21 percentage points slower. than the annual decrease recorded in the previous month.
In the segment of new residential buildings, the pace of the launch of landscaping-oriented projects accelerated in April in key cities such as Shanghai, Shenzhen and Hangzhou, which supports the monthly structural increase in average new home prices among China's 100 major cities.
According to the CIA forecast, local authorities will accelerate the implementation of various support measures in the second quarter. As for demand, China has developed a policy to optimize public housing funds and subsidies for housing purchases. Meanwhile, on the supply side, China will continue to promote the acquisition of existing commercial housing and vacant land, while improving policies to support the construction of high-quality housing.
The total share of the construction sector in China's steel consumption in 2025 was 49 percent, including the use of steel in both real estate and infrastructure projects. Some preliminary signs of improvement seen in April are unlikely to reverse the downward trend seen in the market and support the growth in steel consumption. However, on the other hand, such an improvement may prevent the decline in steel consumption in the real estate sector at the high rates observed in the last few years.
