China’s new home prices across 70 cities fell 3.3% year-on-year in June 2026, easing from a 3.5% decline in the previous month. While marking the 36th consecutive month of annual declines, the latest result was the mildest contraction since February, suggesting that existing policy measures are helping stabilize the property market, though demand and confidence remain subdued. Among major cities, prices declined in Beijing (-2.1%, unchanged from May), Guangzhou (-2.6% vs. -3.3%), Shenzhen (-3.6% vs. -4.5%), Chongqing (-4.2% vs. -4.7%), and Tianjin (-4.6% vs. -4.7%). Meanwhile, Shanghai remained the standout performer, with home prices rising 3.1%, only slightly slower than May's 3.2% increase. On a monthly basis, new home prices edged down 0.1%, after a 0.2% fall in May. source: National Bureau of Statistics of China

Housing Index in China decreased by 3.30 percent in June from -3.50 percent in May of 2026. Housing Index in China averaged 2.67 Percent from 2011 until 2026, 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 July of 2026.

Housing Index in China decreased by 3.30 percent in June from -3.50 percent in May of 2026. Housing Index in China is expected to be -3.50 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 2027 and 0.50 Percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-16 01:30 AM
House Price Index YoY
May -3.5% -3.5% -3.4%
2026-07-15 01:30 AM
House Price Index YoY
Jun -3.3% -3.5% -3.4%
2026-08-17 01:30 AM
House Price Index YoY
Jul -3.3%


Related Last Previous Unit Reference
House Price Index MoM -0.10 -0.20 percent Jun 2026
House Price Index YoY -3.30 -3.50 Percent Jun 2026
Housing Starts 23238.94 17928.60 Tens of Thousands Square Metre Jun 2026
New Home Sales 33270.26 25783.04 CNY Hundred Million Jun 2026
Property Investment -18.00 -16.20 percent Jun 2026
Residential Property Prices -6.30 -5.74 Percent Mar 2026


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
-3.30 -3.50 12.60 -6.10 2011 - 2026 Percent Monthly
NSA

News Stream
China New Home Prices Drop the Least in 4 Months
China’s new home prices across 70 cities fell 3.3% year-on-year in June 2026, easing from a 3.5% decline in the previous month. While marking the 36th consecutive month of annual declines, the latest result was the mildest contraction since February, suggesting that existing policy measures are helping stabilise the property market, though demand and confidence remain subdued. Among major cities, prices declined in Beijing (-2.1%, unchanged from May), Guangzhou (-2.6% vs. -3.3%), Shenzhen (-3.6% vs. -4.5%), Chongqing (-4.2% vs. -4.7%), and Tianjin (-4.6% vs. -4.7%). Meanwhile, Shanghai remained the standout performer, with home prices rising 3.1%, only slightly slower than May's 3.2% increase. On a monthly basis, new home prices edged down 0.1%, after a 0.2% fall in May.
2026-07-15
China New Home Prices Fall for 35th Straight Month
China’s new home prices across 70 cities fell 3.5% year-on-year in May 2026, matching April’s pace. It marked the 35th straight month of decline and remained the steepest drop since May 2025, highlighting persistent weakness in the property sector. The data suggest that existing policy support has yet to revive housing demand or restore market confidence amid subdued buyer sentiment and excess housing supply. Among major cities, price declines persisted in Beijing (-2.1% vs -2.3% in April), Guangzhou (-3.3% vs -4.4%), Shenzhen (-4.5% vs -5.3%), Chongqing (-4.7% vs -4.8%), and Tianjin (-4.7% vs -5.1%). Meanwhile, prices in Shanghai rose more slowly (3.2% vs 3.7%). On a monthly basis, new home prices edged down 0.2%, after a 0.1% decrease in April.
2026-06-16
China New Home Prices Fall the Most in 11 Months
China’s new home prices across 70 cities shrank 3.5% yoy in April 2026, following a 3.4% decline in the previous month. It marked the 34th consecutive month of contraction and the sharpest pace since May 2025, underscoring persistent weakness in the property sector. The data suggested that existing stimulus efforts have yet to generate a sustained recovery in housing demand and market confidence. Among major cities, price declines persisted in Beijing (-2.3% vs -2.1% in March), Guangzhou (-4.4% vs -4.7%), Shenzhen (-5.3% vs -5.5%), Chongqing (-4.8% vs -4.4%), and Tianjin (-5.1% vs -4.8%). In contrast, prices in Shanghai continued to rise (3.7% vs 3.7%). On a monthly basis, new home prices edged down 0.1%, after a 0.2% decrease in March, pointing to the mildest drop in a year.
2026-05-18