In February this year, of 70 major Chinese cities surveyed, house prices in first-tier cities saw a year-on-year decrease of 0.1 percent, switching from a positive year-on-year growth rate in January. Meanwhile, in second-tier cities the year-on-year growth rate of new house prices in the given month was 0.4 percentage points higher compared to the January growth rate, as announced by China's National Bureau of Statistics (NBS).
In China’s first-tier and second-tier cities, the year-on-year growth rates of second-hand house prices in February were respectively 0.6 percentage points lower and 0.1 percentage points higher compared to the year-on-year growth rates recorded in January.