Average prices of new homes in 70 Chinese cities rose by 5.1 percent year-on-year in April 2020, the slowest pace since June 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Chongqing reported the largest increase (6 percent vs 6.2 percent in March), followed by Shenzhen (4.8 percent vs 5.2 percent), Beijing (3.3 percent vs 4.1 percent), Shanghai (2.7 percent vs 2.4 percent) and Guangzhou (0.7 percent vs 1.7 percent). Prices in Tianjin dropped 0.4 percent, after a 0.1 percent gain in March. On a monthly basis, new home prices advanced 0.5 percent in April, the most since October last year.

Housing Index in China averaged 4.65 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. 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 June of 2020. source: National Bureau of Statistics of China

Housing Index in China is expected to be 7.00 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 6.00 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 2021, according to our econometric models.

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China Newly Built House Prices YoY Change

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.30 12.60 -6.10 2011 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-17 01:30 AM Jan 6.3% 6.6% 6.5%
2020-03-16 01:30 AM Feb 5.8% 6.3% 5.5%
2020-04-16 01:30 AM Mar 5.3% 5.8% 5.2%
2020-05-18 01:30 AM Apr 5.1% 5.3% 4.8%


News Stream
China Home Price Growth at Near 2-Year Low
Average prices of new homes in 70 Chinese cities rose by 5.1 percent year-on-year in April 2020, the slowest pace since June 2018, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Chongqing reported the largest increase (6 percent vs 6.2 percent in March), followed by Shenzhen (4.8 percent vs 5.2 percent), Beijing (3.3 percent vs 4.1 percent), Shanghai (2.7 percent vs 2.4 percent) and Guangzhou (0.7 percent vs 1.7 percent). Prices in Tianjin dropped 0.4 percent, after a 0.1 percent gain in March. On a monthly basis, new home prices advanced 0.5 percent in April, the most since October last year.
2020-05-18
China New Home Price Growth at 21-Month Low
Average prices of new homes in 70 Chinese cities rose by 5.3 percent year-on-year in March 2020, the slowest pace since June 2018, as the COVID-19 outbreak scared potential buyers who avoided to go outside and make any transaction. Among China's biggest cities, Chongqing reported the largest increase (6.2 percent vs 6.5 percent in February), followed by Shenzhen (5.2 percent vs 4.3 percent), Beijing (4.1 percent vs 4.4 percent), Shanghai (2.4 percent vs 2.3 percent), Guangzhou (1.7 percent vs 3 percent), and Tianjin (0.1 percent vs 0.5 percent). On a monthly basis, new home prices advanced 0.1 percent in March, after being unchanged for the first time in five years during February.
2020-04-16
China Home Price Growth Slows to 19-Month Low
Average prices of new homes in 70 Chinese cities rose by 5.8 percent year-on-year in February 2020, slowing from a 6.3 percent growth in the previous month. This was the slowest increase in new home prices since July 2018, amid a fast-spreading coronavirus outbreak, as potential buyers were afraid to go outside and make any transaction. Among China's biggest cities, Chongqing reported the largest increase (6.5 percent vs 7.5 percent in January), followed by Shenzhen (4.3 percent, the same as in January), Guangzhou (3 percent vs 4.2 percent), Beijing (4.4 percent vs 4.1 percent), Shanghai (2.3 percent vs 2.7 percent) and Tianjin (0.5 percent vs 1.3 percent). On a monthly basis, new home prices were flat for the first time in nearly five years.
2020-03-16
China New Home Price Growth at 1-1/2-Year Low
Average prices of new homes in 70 Chinese cities rose by 6.3 percent year-on-year in January 2020, the slowest pace since July 2018, after a 6.6 percent gain in the previous month. Among China's biggest cities, Chongqing reported the largest increase (7.5% vs 8.1% in December), followed by Shenzen (4.3% vs 3.6%), Guangzhou (4.2% vs 4.7%), Beijing (4.1% vs 4.8%), Shanghai (2.7% vs 2.3%) and Tianjin (1.3% percent vs 1.4%). 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 0.2 percent in January, the slowest since February 2018, following a 0.3 percent gain in December.
2020-02-17

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.