China’s new home prices in 70 cities dropped by 2.8% year-on-year in July 2025, easing from a 3.2% decline in the previous month. It was the 25th consecutive month of contraction, the softest pace since March 2024. The moderation came as Beijing ramped up measures to stem the prolonged property slump. Price falls slowed in major cities including Beijing (-3.6% vs -4.1%), Guangzhou (-4.6% vs -5.1%), Shenzhen (-2.2% vs -2.5%), and Chongqing (-2.1% vs -2.9%), while Tianjin saw a slightly faster drop (-1.9% vs -1.8%). Shanghai prices inched up 6.1% (vs 6.0%). On a monthly basis, prices slipped 0.3% for a second month, reflecting persistently weak demand. source: National Bureau of Statistics of China

Housing Index in China decreased by 2.80 percent in July from -3.20 percent in June of 2025. Housing Index in China averaged 3.02 Percent from 2011 until 2025, 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 2025.

Housing Index in China decreased by 2.80 percent in July from -3.20 percent in June of 2025. Housing Index in China is expected to be -2.50 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around -0.30 Percent in 2026 and 0.30 Percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-15 01:30 AM
House Price Index YoY
Jun -3.2% -3.5% -3.1%
2025-08-15 01:30 AM
House Price Index YoY
Jul -2.8% -3.2% -3.0%
2025-09-15 01:30 AM
House Price Index YoY
Aug -2.8% -2.6%


Related Last Previous Unit Reference
House Price Index MoM -0.30 -0.30 percent Jul 2025
House Price Index YoY -2.80 -3.20 Percent Jul 2025
Housing Starts 35206.14 30364.32 Tens of Thousands Square Metre Jul 2025
New Home Sales 43593.00 38849.00 CNY Hundred Million Jul 2025
Property Investment -12.00 -11.20 percent Jul 2025
Residential Property Prices -7.52 -8.57 Percent Mar 2025

China Newly Built House Prices YoY Change
In China, Housing Index is measured by year-over-year change in the index of newly built residential buildings in 70 medium and large cities. The index is calculated in weighted average method and the weight of each city is based on the population.
Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -3.20 12.60 -6.10 2011 - 2025 Percent Monthly
NSA

News Stream
China New Home Prices Fall the Least in 16 Months
China’s new home prices in 70 cities dropped by 2.8% year-on-year in July 2025, easing from a 3.2% decline in the previous month. It was the 25th consecutive month of contraction but marking the softest pace since March 2024. The moderation came as Beijing ramped up measures to stem the prolonged property slump. Price falls slowed in major cities including Beijing (-3.6% vs -4.1%), Guangzhou (-4.6% vs -5.1%), Shenzhen (-2.2% vs -2.5%), and Chongqing (-2.1% vs -2.9%), while Tianjin saw a slightly faster drop (-1.9% vs -1.8%). In contrast, Shanghai prices inched up (6.1% vs 6.0%). On a monthly basis, prices slipped 0.3% for a second month, reflecting persistently weak demand.
2025-08-15
China New Home Prices Drop the Least in 14 Months
China’s new home prices in 70 cities declined by 3.2% year-on-year in June 2025, slowing from a 3.5% drop in the previous month. While marking the 24th consecutive month of contraction, the latest reading was the slowest pace since April 2024 amid ongoing attempts by Beijing to mitigate the impact of the prolonged property weakness. Among major cities, prices decreased in Beijing (-4.1% vs -4.3% in May), Guangzhou (-5.1% vs -5.8%), Shenzhen (-2.5% vs -2.6%), Tianjin (-1.8% vs -2.0%), and Chongqing (-2.9% vs -3.2%). In contrast, prices in Shanghai continued to increase (6.0% vs 5.9%). On a monthly basis, however, new home prices fell 0.3% in June, after a 0.2% decrease in May, extending the downturn that began in May 2023.
2025-07-15
China New Home Prices Fall the Least in 13 Months
China’s new home prices in 70 cities dropped 3.5% year-on-year in May 2025, easing from a 4.0% decline in the previous month. Although it marked the 23rd consecutive month of contraction, it was the slowest pace since April 2024, reflecting continued efforts by Beijing to cushion the impact of the prolonged property downturn. Among major cities, prices declined in Beijing (-5.3% vs -5.0% in April), Guangzhou (-5.8% vs -6.3%), Shenzhen (-2.6% vs -3.0%), Tianjin (-2.0% vs -1.9%), and Chongqing (-3.2% vs -4.0%). In contrast, prices in Shanghai continued to increase (5.9% vs 5.9%). On a monthly basis, new home prices were down by 0.2% in May, following two consecutive months of flat readings.
2025-06-16