China’s new home prices across 70 cities fell 3.1% year-on-year in January 2026, deepening from a 2.7% decline in the previous month. The latest data marked the 31st straight month of contraction and the sharpest drop since June, underscoring Beijing’s ongoing struggle to stabilize the property downturn. Rather than bold interventions, policymakers have relied so far on measured, incremental steps. Among major cities, price declines widened in Guangzhou (-5.3% vs -4.8% in December), Shenzhen (-4.9% vs -4.4%), Chongqing (-3.5% vs -2.9%), and Tianjin (-4.0% vs -3.0%). In Beijing, prices remained weak and unchanged in pace (-2.4% vs -2.4%). Meanwhile, Shanghai still posted growth, though the increase softened (4.2% vs 4.8%). On a monthly basis, prices shrank 0.4% for the third straight month. source: National Bureau of Statistics of China

Housing Index in China decreased to -3.10 percent in January from -2.70 percent in December of 2025. Housing Index in China averaged 2.83 Percent from 2011 until 2026, 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 February of 2026.

Housing Index in China decreased to -3.10 percent in January from -2.70 percent in December of 2025. Housing Index in China is expected to be -1.50 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 0.30 Percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-19 01:30 AM
House Price Index YoY
Dec -2.7% -2.4% -2.6%
2026-02-13 01:30 AM
House Price Index YoY
Jan -3.1% -2.7% -2.6%
2026-03-16 01:30 AM
House Price Index YoY
Feb -3.1%


Related Last Previous Unit Reference
House Price Index MoM -0.40 -0.40 percent Dec 2025
House Price Index YoY -3.10 -2.70 Percent Jan 2026
Housing Starts 58769.96 53456.70 Tens of Thousands Square Metre Dec 2025
New Home Sales 73335.32 66008.50 CNY Hundred Million Dec 2025
Property Investment -17.20 -15.90 percent Dec 2025
Residential Property Prices -5.52 -6.40 Percent Sep 2025


China Newly Built House Prices YoY Change
In China, Housing Index is measured by year-over-year change in the index of newly built residential buildings in 70 medium and large cities. The index is calculated in weighted average method and the weight of each city is based on the population.
Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -2.70 12.60 -6.10 2011 - 2026 Percent Monthly
NSA

News Stream
China New Home Prices Drop the Most in 7 Months
China’s new home prices across 70 cities fell 3.1% year-on-year in January 2026, deepening from a 2.7% decline in the previous month. The latest data marked the 31st straight month of contraction and the sharpest drop since June, underscoring Beijing’s ongoing struggle to stabilize the property downturn. Rather than bold interventions, policymakers have relied so far on measured, incremental steps. Among major cities, price declines widened in Guangzhou (-5.3% vs -4.8% in December), Shenzhen (-4.9% vs -4.4%), Chongqing (-3.5% vs -2.9%), and Tianjin (-4.0% vs -3.0%). In Beijing, prices remained weak and unchanged in pace (-2.4% vs -2.4%). Meanwhile, Shanghai still posted growth, though the increase softened (4.2% vs 4.8%). On a monthly basis, prices shrank 0.4% for the third straight month.
2026-02-13
China New Home Prices Fall the Most in 5 Months
China’s new home prices across 70 cities declined 2.7% year-on-year in December 2025, steeper than a 2.4% drop in the previous month. The latest reading marked the 30th consecutive month of price decreases and the fastest pace since July, underscoring Beijing’s persistent struggle to arrest the prolonged downturn in the property sector. Prices fell at a quicker pace in Beijing (-2.4% vs. -2.1% in November), Guangzhou (-4.8% vs -4.3%), Shenzhen (-4.4% vs -3.7%), Chongqing (-2.9% vs. -2.9%), and Tianjin (-3.0% vs -2.2%). Meanwhile, costs in Shanghai eased (4.8% vs 5.1%). On a monthly basis, prices shrank 0.4%, matching November's drop.
2026-01-19
China New Home Prices Fall for 29th Month
China’s new home prices across 70 cities dropped 2.4% year-on-year in November 2025, deepening from a 2.2% decline in the previous two months. The latest reading marked the 29th consecutive month of price declines and the steepest pace since August, underscoring Beijing’s ongoing struggle to counter the prolonged weakness in the property sector. Prices fell at a quicker pace in Beijing (-2.1% vs. -2.0% in October), Guangzhou (-4.3% vs. -4.2%), Shenzhen (-3.7% vs. -2.6%), Chongqing (-2.9% vs. -2.6%), and Tianjin (-2.2% vs. -1.5%). Meanwhile, costs in Shanghai eased (5.1% vs 5.7%). On a monthly basis, prices were 0.4% lower, after a 0.5% fall in October.
2025-12-15