SHANGHAI -- Home prices fell last month in most of China's largest cities, signaling that worries about the future of the country's debt-strapped property developers are driving homebuyers to the sidelines.
Drop reflects worries about health of the country's property developers
Average property prices declined 0.5% in September from the previous month, according to annualized seasonally adjusted calculations by Goldman Sachs. © Reuters
SHANGHAI -- Home prices fell last month in most of China's largest cities, signaling that worries about the future of the country's debt-strapped property developers are driving homebuyers to the sidelines.