Average new home prices in China's 70 major cities rose by 4.9 percent year-on-year in May 2021, accelerating for a fifth straight month to the biggest annual gain since June 2020, as strong property demand was enough to offset government cooling measures. Among China's biggest cities, Guangzhou recorded the largest home price increase (11.2 percent vs 9.9 percent in April), followed by Chongqing (8 percent vs 6.7 percent), Shanghai (4.5 percent vs 4.9 percent), Beijing (4.3 percent vs 4.5 percent), Shenzhen (3.7 percent vs 3.9 percent), and Tianjin (3.9 percent vs 3.6 percent). On a monthly basis, new home prices went up by 0.6 percent in May, the same as in April and remaining the largest monthly gain since August 2020. source: National Bureau of Statistics of China

Housing Index in China averaged 4.68 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 June of 2021.

Housing Index in China is expected to be 4.70 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 5.00 in 12 months time. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around 5.30 percent in 2022 and 5.50 percent in 2023, according to our econometric models.

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China Newly Built House Prices YoY Change

Actual Previous Highest Lowest Dates Unit Frequency
4.90 4.80 12.60 -6.10 2011 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-15 01:30 AM Feb 4.3% 3.9% 4.1%
2021-04-16 01:30 AM Mar 4.6% 4.3% 4.4%
2021-05-17 01:30 AM Apr 4.8% 4.6% 4.8%
2021-06-17 01:30 AM May 4.9% 4.8% 5.1%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China New Home Prices Rise the Most in 11 Months
Average new home prices in China's 70 major cities rose by 4.9 percent year-on-year in May 2021, accelerating for a fifth straight month to the biggest annual gain since June 2020, as strong property demand was enough to offset government cooling measures. Among China's biggest cities, Guangzhou recorded the largest home price increase (11.2 percent vs 9.9 percent in April), followed by Chongqing (8 percent vs 6.7 percent), Shanghai (4.5 percent vs 4.9 percent), Beijing (4.3 percent vs 4.5 percent), Shenzhen (3.7 percent vs 3.9 percent), and Tianjin (3.9 percent vs 3.6 percent). On a monthly basis, new home prices went up by 0.6 percent in May, the same as in April and remaining the largest monthly gain since August 2020.
2021-06-17
China New Home Price Growth at 8-Month High
Average new home prices in China's 70 major cities rose by 4.8 percent year-on-year in April 2021, accelerating for a fourth straight month to the biggest annual gain since August 2020, as strong property demand was enough to offset government cooling measures. Among China's biggest cities, Guangzhou recorded the largest home price increase (9.9 percent vs 8.6 percent in March), followed by Chongqing (6.7 percent vs 6.2 percent), Shanghai (4.9 percent vs 5.3 percent), Beijing (4.5 percent vs 3.6 percent), Shenzhen (3.9 percent vs 3.4 percent), and Tianjin (3.6 percent vs 3.2 percent). On a monthly basis, new home prices went up by 0.6 percent in April, the largest monthly gain since last August.
2021-05-17
China Home Price Growth Accelerates
Average new home prices in China's 70 major cities rose by 4.6 percent year-on-year in March 2021, accelerating for a third straight month to the biggest annual gain since September, as strong property demand was enough to offset government cooling measures. Among China's biggest cities, Guangzhou recorded the largest increase (8.6 percent vs 6.9 percent in February), followed by Chongqing (6.2 percent vs 5.7 percent), Shanghai (5.3 percent vs 5.0 percent), Beijing (3.6 percent vs 3.4 percent), Shenzhen (3.4 percent vs 3.8 percent), and Tianjin (3.2 percent vs 2.3 percent). On a monthly basis, new home prices went up by 0.5 percent in March, the most in seven months.
2021-04-16
China New Home Prices Rise the Most in 4 Months
Average new home prices in China's 70 major cities rose by 4.3 percent year-on-year in February 2021, accelerating from a 3.9 percent rise in the previous month. This was the steepest pace of growth in new home prices since October last year, as government cooling measures were largely offset by strong demand for property in some major cities. Among China's biggest cities, Guangzhou recorded the largest increase (6.9 percent vs 5.9 percent in January), followed by Chongqing (5.7 percent vs 4.9 percent), Shanghai (5.0 percent vs 4.4 percent), Shenzhen (3.8 percent vs 3.7 percent), Beijing (3.4 percent vs 2.9 percent), and Tianjin (2.3 percent vs 1.5 percent). On a monthly basis, new home prices went up by 0.4 percent in February, the most in five months.
2021-03-15

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.