Average prices of new homes in 70 Chinese cities increased by 10.7 percent year-on-year in April 2019, after a 10.6 percent gain in the previous month. It was the largest rise in average prices of new homes since April 2017. Among China's four biggest cities, Guangzhou reported the largest increase (13.3 percent vs 11.9 percent in March), followed by Beijing (3.5 percent vs 3.2 percent), Shanghai (1.5 percent vs 1.2 percent) and Shenzhen (0.7 percent vs 0.3 percent). On a monthly basis, new home prices went up 0.6 percent in April, the same pace as in March. To cool the property market, Chinese authorities have imposed tighter measures since March 2017 in at least two dozen cities. Housing Index in China averaged 4.35 percent from 2011 until 2019, reaching an all time high of 12.60 percent in November of 2016 and a record low of -6.10 percent in March of 2015.

Housing Index in China is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Housing Index in China to stand at 8.00 in 12 months time. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around 6.00 percent in 2020, according to our econometric models.

China Newly Built House Prices YoY Change
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-22 01:30 AM House Price Index YoY 10% 9.7% 9.4%
2019-03-15 01:30 AM House Price Index YoY 10.4% 10% 10.5%
2019-04-16 01:30 AM House Price Index YoY 10.6% 10.4% 11.4%
2019-05-16 01:30 AM House Price Index YoY 10.7% 10.6% 11.1%
2019-06-18 01:30 AM House Price Index YoY 10.7% 11%
2019-07-15 01:30 AM House Price Index YoY 11.5%
2019-08-15 01:30 AM House Price Index YoY 11%

China Housing Last Previous Highest Lowest Unit
Housing Index 10.70 10.60 12.60 -6.10 percent [+]
New Home Sales 45021.00 33870.00 126392.60 78.19 CNY Hundreds of millions [+]
Home Ownership Rate 90.00 90.00 90.00 90.00 percent [+]

China Newly Built House Prices YoY Change

In China, Housing Index is measured by year over year change in house prices in 70 medium and large cities. This page provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Newly Built House Prices YoY Change - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.70 10.60 12.60 -6.10 2011 - 2019 percent Monthly

Country Last Previous
Argentina 735.30 Apr/19
Australia -2.40 Dec/18
Brazil 129.60 Apr/19
Canada 103.20 Apr/19
China 10.70 Apr/19
Euro Area 114.04 Dec/18
France 108.50 Dec/18
Germany 160.02 May/19
India 107.00 Sep/18
Indonesia 209.46 Jun/19
Italy 98.20 Dec/18
Japan 114.22 Feb/19
Netherlands 129.80 Apr/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 148.60 Mar/19
South Korea 99.60 May/19
Spain 1636.30 Mar/19
Switzerland 167.20 Mar/19
Turkey 109.30 Mar/19
United Kingdom 769.80 May/19
United States 0.10 Mar/19