China’s First-Tier Property Markets Show Recovery While Lower-Tier Cities Continue to Struggle

China’s First-Tier Property Markets Show Recovery While Lower-Tier Cities Continue to Struggle

China: China’s property markets is showing signs of recovery, led by stronger demand in first-tier cities such as Shanghai, Beijing, Guangzhou, and Shenzhen, while lower-tier cities continue to face high housing inventory and weaker demand. Shanghai recorded 31,215 pre-owned home transactions in March 2026, the highest monthly level since March 2021, followed by nearly 29,000 transactions in April, representing a 22.3% year-on-year increase and the strongest April performance in a decade. Official data showed pre-owned home prices in Shanghai increased by 0.4% in March, while new home prices across first-tier cities rose 0.2%, reversing flat growth in February and declines in January.

Source: CGTN