Average prices of new homes in 70 Chinese cities rose by 9.7 percent year-on-year in December of 2018, accelerating from a 9.3 percent rise in the previous month. It is the 44th straight month of price increases and the strongest annual gain since July 2017. Among China's four biggest cities, Guangzhou reported the largest increase (8.3 percent), followed by Beijing (2.3 percent), Shanghai (0.4 percent), and Shenzhen (0.1 percent). On a monthly basis, new home prices went up 0.8 percent in December, after a 0.9 percent rise in November. 59 Cities showed a month-on-month price gain in December, compared to 63 cities in a month earlier. To cool the property market, Chinese authorities have imposed tighter measures since March 2017 in at least two dozen cities. Housing Index in China averaged 4.09 percent from 2011 until 2018, 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 10.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-20 01:30 AM House Price Index YoY 7.9% 7% 6.9%
2018-11-15 01:30 AM House Price Index YoY 8.6% 7.9% 8%
2018-12-15 01:30 AM House Price Index YoY 9.3% 8.6% 8.9%
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 9.7% 9.4%
2019-03-15 01:30 AM House Price Index YoY 9.8%
2019-04-16 01:30 AM House Price Index YoY 10%

China Housing Last Previous Highest Lowest Unit
Housing Index 9.70 9.30 12.60 -6.10 percent [+]
New Home Sales 126392.60 109946.88 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.70 9.30 12.60 -6.10 2011 - 2018 percent Monthly

Country Last Previous
Argentina 615.46 Dec/18
Australia -1.50 Sep/18
Brazil 129.10 Dec/18
Canada 103.30 Dec/18
China 9.70 Dec/18
Euro Area 113.37 Sep/18
France 108.68 Sep/18
Germany 154.18 Dec/18
India 104.00 Jun/18
Indonesia 208.22 Mar/19
Italy 98.40 Sep/18
Japan 110.40 Sep/18
Netherlands 126.60 Dec/18
Russia 1.00 Dec/17
Saudi Arabia 80.40 Dec/18
Singapore 149.60 Dec/18
South Korea 100.00 Jan/19
Spain 1589.50 Sep/18
Switzerland 167.01 Dec/18
Turkey 275.50 Nov/18
United Kingdom 724.00 Jan/19
United States 0.40 Nov/18