Analysts expect developers to cut prices further in the next few months, which could boost property sales in the second half. Photo: Xinhua Analysts expect developers to cut prices further in the next few months, which could boost property sales in the second half. Photo: Xinhua
Analysts expect developers to cut prices further in the next few months, which could boost property sales in the second half. Photo: Xinhua

Mainland home prices fall as downturn bites

Fears rise of a real estate slump dragging down the economy as cost of new housing declines in May for the first time in 20 months

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Analysts expect developers to cut prices further in the next few months, which could boost property sales in the second half. Photo: Xinhua Analysts expect developers to cut prices further in the next few months, which could boost property sales in the second half. Photo: Xinhua
Analysts expect developers to cut prices further in the next few months, which could boost property sales in the second half. Photo: Xinhua
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