Average new home prices in China's 70 major cities rose by 3.4 percent year-on-year in October 2021, after a 3.8 percent gain a month earlier. This was the weakest rise in new home prices since January 2016, amid growing concerns about major property developers grappling with massive debts as well as campaigns in several cities aimed at driving speculators out of the property market. Among China's biggest cities, prices increases were mainly seen in Chongqing (8.0 percent vs 8.3 percent in September), Guangzhou (7.9 percent vs 9.0 percent), Shanghai (3.8 percent vs 4.0 percent), Beijing (4.9 percent vs 4.5 percent), Shenzhen (3.4 percent vs 3.8 percent), and Tianjin (4.0 percent vs 4.1 percent). On a monthly basis, new home prices fell 0.2 percent in October, the most since February 2015, after a flat reading in September. source: National Bureau of Statistics of China

Housing Index in China averaged 4.67 percent from 2011 until 2021, 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 December of 2021.

Housing Index in China is expected to be 3.00 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 3.30 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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China Newly Built House Prices YoY Change


Calendar GMT Actual Previous Consensus TEForecast
2021-10-20 01:30 AM Sep 3.8% 4.2% 4%
2021-11-15 01:30 AM Oct 3.4% 3.8% 3.6%


Related Last Previous Unit Reference
Housing Index 3.40 3.80 percent Oct/21
New Home Sales 132902.00 121957.00 CNY HML Oct/21

News Stream
China New Home Price Growth at Near 6-Year Low
Average new home prices in China's 70 major cities rose by 3.4 percent year-on-year in October 2021, after a 3.8 percent gain a month earlier. This was the weakest rise in new home prices since January 2016, amid growing concerns about major property developers grappling with massive debts as well as campaigns in several cities aimed at driving speculators out of the property market. Among China's biggest cities, prices increases were mainly seen in Chongqing (8.0 percent vs 8.3 percent in September), Guangzhou (7.9 percent vs 9.0 percent), Shanghai (3.8 percent vs 4.0 percent), Beijing (4.9 percent vs 4.5 percent), Shenzhen (3.4 percent vs 3.8 percent), and Tianjin (4.0 percent vs 4.1 percent). On a monthly basis, new home prices fell 0.2 percent in October, the most since February 2015, after a flat reading in September.
2021-11-15
China New Home Price Growth at 9-Month Low
Average new home prices in China's 70 major cities rose by 3.8 percent year-on-year in September 2021, after a 4.2 percent gain a month earlier. This was the weakest rise in new home prices since December last year, with some cities intensifying their campaigns to drive speculators out of the property market. Among China's biggest cities, Guangzhou recorded the largest home price increase (9.0 percent vs 9.8 percent in August), followed by Chongqing (8.3 percent vs 8.8 percent), Shanghai (4.0 percent vs 4.3 percent), Beijing (4.5 percent vs 4.9 percent), Shenzhen (3.8 percent vs 3.9 percent), and Tianjin (4.1 percent vs 4.3 percent). On a monthly basis, new home prices were unchanged for the first time since February 2020 in September, after a 0.2 percent gain in August.
2021-10-20
China New Home Price Growth Slows to 7-Month Low
Average new home prices in China's 70 major cities rose by 4.2 percent year-on-year in August 2021, after a 4.6 percent gain a month earlier. This was the weakest rise in new home prices since January, as government cooling measures were enough to offset strong property demand. Among China's biggest cities, Guangzhou recorded the largest home price increase (9.8 percent vs 10.9 percent in July), followed by Chongqing (8.8 percent vs 8.3 percent), Shanghai (4.3 percent vs 4.5 percent), Beijing (4.9 percent vs 5.4 percent), Shenzhen (3.9 percent vs 3.3 percent), and Tianjin (4.3 percent vs 4.3 percent). On a monthly basis, new home prices went up by 0.2 percent in August, the least since December 2020, following a 0.3 percent rise in July.
2021-09-15

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.