Average new home prices in China's 70 major cities rose by 0.7 percent year-on-year in April 2022, after a 1.5 percent gain a month earlier. This was the weakest rise in new home prices since October 2015, as Beijing's deleveraging campaign triggered a liquidity crisis in some major property developers. Among China's biggest cities, prices increases were mainly seen in Chongqing (6.1 percent vs 8.1 percent in March), Guangzhou (2.0 percent vs 3.0 percent), Shanghai (3.8 percent vs 4.1 percent), Beijing (5.8 percent vs 5.7 percent), and Shenzhen (3.9 percent vs 4.5 percent). Meantime, prices in Tianjin fell 0.3 percent after gaining 0.5 percent in March. On a monthly basis, new home prices dropped 0.2 percent in April, the first drop since last December, after a flat reading in the prior two months. source: National Bureau of Statistics of China
Housing Index in China averaged 4.54 percent from 2011 until 2022, 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 May of 2022.
Housing Index in China is expected to be 2.80 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 3.50 percent in 2023, according to our econometric models.