Average new home prices in China's 70 major cities increased by 4.8 percent year-on-year in August 2020, the same pace as in the previous month and the slowest rise in home prices since May 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Shenzhen recorded the largest increase (6.2 percent vs 5.9 percent in July), followed by Chongqing (5.3 percent vs 4.6 percent), Shanghai (4.5 percent vs 4.2 percent), Beijing (3.4 percent vs 3.3 percent), Guangzhou (1.6 percent vs 1 percent), and Tianjin (0.9 percent vs 0.7 percent). On a monthly basis, new home prices advanced 0.6 percent in August, following a 0.5 percent gain in July.

Housing Index in China averaged 4.71 percent from 2011 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: National Bureau of Statistics of China

Housing Index in China is expected to be 4.50 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 6.20 in 12 months time. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around 6.60 percent in 2021 and 7.50 percent in 2022, according to our econometric models.

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China Newly Built House Prices YoY Change

Actual Previous Highest Lowest Dates Unit Frequency
4.80 4.80 12.60 -6.10 2011 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 01:30 AM May 4.9% 5.1% 4.9%
2020-07-16 01:30 AM Jun 4.9% 4.9% 5%
2020-08-14 01:30 AM Jul 4.8% 4.9% 5%
2020-09-14 01:30 AM Aug 4.8% 4.8% 4.8%


News Stream
China New Home Price Growth Steady
Average new home prices in China's 70 major cities increased by 4.8 percent year-on-year in August 2020, the same pace as in the previous month and the slowest rise in home prices since May 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Shenzhen recorded the largest increase (6.2 percent vs 5.9 percent in July), followed by Chongqing (5.3 percent vs 4.6 percent), Shanghai (4.5 percent vs 4.2 percent), Beijing (3.4 percent vs 3.3 percent), Guangzhou (1.6 percent vs 1 percent), and Tianjin (0.9 percent vs 0.7 percent). On a monthly basis, new home prices advanced 0.6 percent in August, following a 0.5 percent gain in July.
2020-09-14
China House Prices Rise the Least Since 2018
Average new home prices in China's 70 major cities increased by 4.8 percent year-on-year in July 2020, the slowest pace since May 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Shenzhen recorded the largest increase (5.9 percent vs 5.3 percent in June), followed by Chongqing (4.6 percent vs 5.2 percent), Shanghai (4.2 percent vs 3.7 percent), Beijing (3.3 percent vs 3.6 percent), Guangzhou (1 percent vs 0.5 percent), and Tianjin (0.7 percent vs a flat reading). On a monthly basis, new home prices advanced 0.5 percent in July, following a 0.6 percent gain in June.
2020-08-14
China New Home Prices Rise the Least in 2 Years
Average new home prices in China's 70 major cities increased by 4.9 percent year-on-year in June 2020, the same pace as in the previous month and at the softest rate since May 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Shenzhen recorded the largest increase (5.3 percent vs 4.9 percent in May), followed by Chongqing (5.2 percent vs 5.0 percent), Shanghai (3.7 percent vs 3.5 percent), Beijing (3.6 percent vs 3.1 percent), and Guangzhou (0.5 percent vs 0.2 percent). Home prices in Tianjin were flat, following two consecutive months of decline. On a monthly basis, new home prices advanced 0.6 percent in June, after a 0.5 percent gain in May.
2020-07-16
China New Home Prices Rise the Least in 2 Years
Average new home prices in China's 70 major cities rose by 4.9 percent year-on-year in May 2020, the slowest pace since May 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Chongqing reported the largest increase (5.0 percent vs 6.0 percent in April), followed by Shenzhen (4.9 percent vs 4.8 percent), Shanghai (3.5 percent vs 2.7 percent), Beijing (3.1 percent vs 3.3 percent), and Guangzhou (0.2 percent vs 0.7 percent). Meanwhile, prices in Tianjin dropped by 0.3 percent, after a 0.4 percent fall in April. On a monthly basis, new home prices advanced 0.5 percent in May, matching the pace in April.
2020-06-15

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.