In July of this year, the average prices for new housing in 100 major Chinese cities amounted to 17,229 yuan per square meter (2,537 US dollars per square meter), which is 0.26% more than in the previous month and 2.09% more year-on-year. As announced by the CIA, the largest independent real estate research organization in China.;
&Meanwhile, in July, average prices for second homes in the 100 largest cities in China amounted to 12,584 yuan per square meter (1,853 US dollars per square meter square meter), having decreased by 0.44 percent on a monthly basis, which is 0.02 percentage points faster than the decrease recorded in June this year, and by 7.68 percent year-on-year, which corresponds to the annual decline rate recorded in June this year. in the previous month.
In the segment of new residential buildings, the launch of high-quality residential projects in key cities such as Shanghai, Shenzhen, Hangzhou, In July in Chengdu and Hefei, the trend towards a structural increase in average prices for new housing in 100 major cities continued compared to the previous month.
The total share of the construction sector in China's steel consumption in 2025 was 49%, including steel consumption in the real sector. real estate and infrastructure projects.
Secondary housing prices in the 100 largest cities in China showed a faster decline in July, indicating a continuing downward trend in the real estate sector, which will have a negative impact on demand for long products.
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