Average prices of new homes in 70 Chinese cities increased by 10.3 percent year-on-year in June 2019, the least since January, following a 10.7 percent advance in the previous month. Among China's four biggest cities, Guangzhou reported the largest increase (10.5 percent vs 12.2 percent in May), followed by Beijing (3.9 percent, the same as in May), Shanghai (2 percent vs 1.7 percent) and Shenzhen (1.3 percent vs 1.2 percent). A series of government curbs and a slowdown in the economy have weighed on the housing market, but renewed fears that prices may rise due to looser credit conditions have prompted policymakers to clamp down on speculative buying. On a monthly basis, new home prices went up 0.6 percent in June, after a 0.7 percent growth in May. Housing Index in China averaged 4.47 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 8.70 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 7.00 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
2019-04-16 01:30 AM House Price Index YoY Mar 10.6% 10.4% 11.4%
2019-05-16 01:30 AM House Price Index YoY Apr 10.7% 10.6% 11.1%
2019-06-18 01:30 AM House Price Index YoY May 10.7% 10.7% 11%
2019-07-15 01:30 AM House Price Index YoY Jun 10.3% 10.7% 11.1%
2019-08-15 01:30 AM House Price Index YoY Jul 10.3% 11%
2019-09-17 01:30 AM House Price Index YoY Aug 9%
2019-10-21 01:30 AM House Price Index YoY Sep 8.7%

China Housing Last Previous Highest Lowest Unit
Housing Index 10.30 10.70 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
10.30 10.70 12.60 -6.10 2011 - 2019 percent Monthly

Country Last Previous
Argentina 899.05 May/19
Australia -3.00 Mar/19
Brazil 129.50 Jun/19
Canada 103.10 May/19
China 10.30 Jun/19
Euro Area 115.85 Mar/19
France 108.48 Mar/19
Germany 160.02 May/19
India 105.00 Dec/18
Indonesia 209.46 Jun/19
Italy 97.80 Mar/19
Japan 115.47 Mar/19
Netherlands 130.40 May/19
Russia 6.30 Dec/18
Saudi Arabia 80.40 Dec/18
Singapore 150.50 Jun/19
South Korea 99.50 Jun/19
Spain 1636.30 Mar/19
Switzerland 167.20 Mar/19
Turkey 110.00 Apr/19
United Kingdom 767.40 Jun/19
United States 0.40 Apr/19