Average prices of new homes in 70 Chinese cities increased by 10.6 percent year-on-year in March 2019, accelerating from a 10.4 percent rise in the previous month. It is the 47th straight month of price increases and the strongest annual gain since April 2017. Among China's four biggest cities, Guangzhou reported the largest increase (11.9 percent vs 11.3 percent in February), followed by Beijing (3.2 percent vs 2.9 percent), Shanghai (1.2 percent vs 1.5 percent) and Shenzhen (0.3 percent vs 0.5 percent). On a monthly basis, new home prices went up 0.6 percent in March, after a 0.5 percent rise in February. Housing Index in China averaged 4.28 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 11.80 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
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-01-16 01:30 AM House Price Index YoY 9.7% 9.3% 8.1%
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 10.6% 11.5%
2019-06-18 01:30 AM House Price Index YoY 12%
2019-07-15 01:30 AM House Price Index YoY 11.8%

China Housing Last Previous Highest Lowest Unit
Housing Index 10.60 10.40 12.60 -6.10 percent [+]
New Home Sales 23239.00 11028.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.60 10.40 12.60 -6.10 2011 - 2019 percent Monthly

Country Last Previous
Argentina 702.68 Feb/19
Australia -2.40 Dec/18
Brazil 129.40 Feb/19
Canada 103.20 Feb/19
China 10.60 Mar/19
Euro Area 114.04 Dec/18
France 108.50 Dec/18
Germany 155.74 Mar/19
India 107.00 Sep/18
Indonesia 208.22 Mar/19
Italy 98.20 Dec/18
Japan 110.89 Dec/18
Netherlands 128.70 Feb/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 148.70 Mar/19
South Korea 99.80 Mar/19
Spain 1618.80 Dec/18
Switzerland 167.01 Dec/18
Turkey 108.80 Feb/19
United Kingdom 754.70 Mar/19
United States 0.60 Jan/19