Average new home prices in China's 70 major cities rose by 3.8 percent year-on-year in December 2020, after a 4.0 percent rise in the previous month. This was the slowest pace of growth in home prices since February 2016, as the government stepped up its efforts to deleverage the highly indebted sector to reduce financial risk. Among China's biggest cities, Guangzhou recorded the largest increase (5.2 percent vs 4.1 percent in November), followed by Chongqing (4.6 percent vs 4.7 percent), Shenzhen (4.1 percent vs 4.9 percent), Shanghai (4.2 percent vs 4.1 percent), Beijing (2.3 percent vs 24 percent), and Tianjin (1.1 percent vs 1.1 percent). On a monthly basis, new home prices edged up 0.1 percent in December, the same as in November, remaining the least since March. source: National Bureau of Statistics of China

Housing Index in China averaged 4.70 percent from 2011 until 2020, 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 January of 2021.

Housing Index in China is expected to be 4.20 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 5.60 in 12 months time. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around 5.60 percent in 2021 and 6.50 percent in 2022, according to our econometric models.

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China Newly Built House Prices YoY Change

Actual Previous Highest Lowest Dates Unit Frequency
3.80 4.00 12.60 -6.10 2011 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-20 01:30 AM Sep 4.6% 4.8% 4.7%
2020-11-16 01:30 AM Oct 4.3% 4.6% 4.4%
2020-12-14 01:30 AM Nov 4% 4.3% 4.1%
2021-01-15 01:30 AM Dec 3.8% 4% 3.8%
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 Least in Near 5 Years
Average new home prices in China's 70 major cities rose by 3.8 percent year-on-year in December 2020, after a 4.0 percent rise in the previous month. This was the slowest pace of growth in home prices since February 2016, as the government stepped up its efforts to deleverage the highly indebted sector to reduce financial risk. Among China's biggest cities, Guangzhou recorded the largest increase (5.2 percent vs 4.1 percent in November), followed by Chongqing (4.6 percent vs 4.7 percent), Shenzhen (4.1 percent vs 4.9 percent), Shanghai (4.2 percent vs 4.1 percent), Beijing (2.3 percent vs 24 percent), and Tianjin (1.1 percent vs 1.1 percent). On a monthly basis, new home prices edged up 0.1 percent in December, the same as in November, remaining the least since March.
2021-01-15
China New Home Price Growth at Near 5-Year Low
Average new home prices in China's 70 major cities increased by 4.0 percent year-on-year in November 2020, after a 4.3 percent rise in the previous month. This was the slowest pace of growth in home prices since February 2016, as the government stepped up its efforts to deleverage the highly indebted sector to reduce financial risk. Among China's biggest cities, Shenzhen recorded the largest increase (4.9 percent vs 5.1 percent in October), followed by Chongqing (4.7 percent vs 5.4 percent), Shanghai (4.1 percent vs 4.4 percent), Guangzhou (4.1 percent vs 2.7 percent), Beijing (2.4 percent vs 4.2 percent), and Tianjin (1.1 percent vs 0.8 percent). On a monthly basis, new home prices edged up 0.1 percent in November, the least since March.
2020-12-14
China New Home Price Growth at Near 5-Year Low
Average new home prices in China's 70 major cities increased by 4.3 percent year-on-year in October 2020, following a 4.6 percent rise in the previous month. This was the slowest pace of growth in home prices since February 2016, as prices have been cut to promote sales amid increased scrutiny on financing activities of developers and buyers to prevent rampant growth in borrowing. Among China's biggest cities, Chongqing recorded the largest increase (5.4 percent vs 5.3 percent in September), followed by Shenzhen (5.1 percent vs 5.3 percent), Shanghai (4.4 percent vs 4.5 percent), Beijing (4.2 percent vs 3.8 percent), Guangzhou (2.7 percent vs 2.1 percent), and Tianjin (0.8 percent, the same as in September). On a monthly basis, new home prices advanced 0.2 percent in October, the least since March.
2020-11-16
China House Prices Slow to Over 4-1/2-Year Low
Average new home prices in China's 70 major cities increased by 4.6 percent year-on-year in September 2020, following a 4.8 percent rise in the previous month. This was the slowest gain in home prices since February 2016, as the COVID-19 outbreak scared potential buyers to go outside and make any transaction. Among China's biggest cities, Shenzhen recorded the largest increase (5.3 percent vs 6.2 percent in August), followed by Chongqing (5.3 percent vs 5.3 percent), Shanghai (4.5 percent vs 4.5 percent), Beijing (3.8 percent vs 3.4 percent), Guangzhou (2.1 percent vs 1.6 percent), and Tianjin (0.8 percent vs 0.9 percent). On a monthly basis, new home prices advanced 0.4 percent in September, the least in six months, after a 0.6 percent gain in August.
2020-10-20

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.