China’s new home prices across 70 cities fell 3.4% year-on-year in March 2026, widening from a 3.2% decline in the previous month. The latest reading marked a 33rd straight month of contraction and the steepest drop since May 2025, underscoring persistent weakness in the property sector. The data highlighted Beijing’s ongoing struggle to stabilize the housing market, as policymakers continue to rely on gradual, targeted support measures that have yet to reverse the downturn. Among major cities, price declines persisted in Beijing (-2.1% vs -2.3% in February), Guangzhou (-4.7% vs -5.1%), Shenzhen (-5.5% vs -5.5%), Chongqing (-4.4% vs -3.8%), and Tianjin (-4.8% vs -4.2%). Meanwhile, prices in Shanghai rose at a slower rate (3.7% vs 4.2%). Monthly, new home prices fell 0.2%, after a 0.3% decrease in February. source: National Bureau of Statistics of China

Housing Index in China decreased to -3.40 percent in March from -3.20 percent in February of 2026. Housing Index in China averaged 2.77 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 April of 2026.

Housing Index in China decreased to -3.40 percent in March from -3.20 percent in February of 2026. Housing Index in China is expected to be -3.00 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 and 0.50 Percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-16 01:30 AM
House Price Index YoY
Feb -3.2% -3.1% -3.3%
2026-04-16 01:30 AM
House Price Index YoY
Mar -3.4% -3.2% -3.5%
2026-05-18 01:30 AM
House Price Index YoY
Apr -3.4%


Related Last Previous Unit Reference
House Price Index MoM -0.30 -0.40 percent Feb 2026
House Price Index YoY -3.40 -3.20 Percent Mar 2026
Housing Starts 5083.90 58769.96 Tens of Thousands Square Metre Feb 2026
New Home Sales 7163.45 73335.32 CNY Hundred Million Feb 2026
Property Investment -11.10 -17.20 percent Feb 2026
Residential Property Prices -5.74 -5.52 Percent Dec 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
-3.40 -3.20 12.60 -6.10 2011 - 2026 Percent Monthly
NSA

News Stream
China New Home Prices Fall the Most in 10 Months
China’s new home prices across 70 cities fell 3.4% year-on-year in March 2026, widening from a 3.2% decline in the previous month. The latest reading marked a 33rd straight month of contraction and the steepest drop since May 2025, underscoring persistent weakness in the property sector. The data highlighted Beijing’s ongoing struggle to stabilize the housing market, as policymakers continue to rely on gradual, targeted support measures that have yet to reverse the downturn. Among major cities, price declines persisted in Beijing (-2.1% vs -2.3% in February), Guangzhou (-4.7% vs -5.1%), Shenzhen (-5.5% vs -5.5%), Chongqing (-4.4% vs -3.8%), and Tianjin (-4.8% vs -4.2%). Meanwhile, prices in Shanghai rose at a slower rate (3.7% vs 4.2%). Monthly, new home prices fell 0.2%, after a 0.3% decrease in February.
2026-04-16
China New Home Prices Fall the Most in 8 Months
China’s new home prices across 70 cities dropped 3.2% year-on-year in February 2026, following a 3.1% decline in the previous month. The latest data marked the 32nd consecutive month of contraction and the steepest drop since last June, underscoring Beijing’s ongoing struggle to stabilize the prolonged property downturn, as policymakers have largely relied on measured, incremental support. Among major cities, price declines persisted in Beijing (-2.3% vs -2.4% in January), Guangzhou (-5.1% vs -5.3%), Shenzhen (-5.5% vs -4.9%), Chongqing (-3.8% vs -3.5%), and Tianjin (-4.2% vs -4.0%). In contrast, Shanghai remained the outlier, with home prices continuing to grow at 4.2%, unchanged from January. Monthly, new home prices dipped 0.3%, after a 0.4% fall in the prior three months.
2026-03-16
China Moves to Steady Property, Boost Subsidized Homes
China pledged to stabilize its property sector and optimize housing supply, according to an official government report cited by Reuters. Authorities plan to better utilize existing commodity housing stock, including purchasing unsold homes and converting them into government-subsidized housing to reduce excess inventory. Beijing said it will explore “various avenues” to absorb the glut of unsold properties, while promoting the orderly construction of “quality homes” to upgrade overall housing standards. Efforts will also focus on accelerating the renovation of dilapidated urban housing, aiming to improve living conditions and support domestic demand. In addition, the government vowed to expand the supply of subsidized housing, reinforcing its commitment to stabilizing the real estate market and addressing structural imbalances in supply and demand.
2026-03-05