Average prices of new homes in 70 Chinese cities rose by 8.6 percent year-on-year in October of 2018, accelerating from a 7.9 percent rise in the previous month. It is the 42nd straight month of price increases and the steepest annual gain since July 2017. Among China's four biggest cities, Guangzhou reported the largest increase (4.7 percent), followed by Beijing (0.8 percent), while prices fell in Shanghai and Shenzhen (-0.4 percent each). On a monthly basis, new home prices went up 1 percent in October, following a 0.9 percent rise in September. Price gains in provincial capitals Guiyang, Shijiazhuang and Wuhan were the biggest among the 70 cities surveyed, while prices in Beijing, Shanghai, Shenzhen and Guangzhou were almost unchanged. To cool the property market, Chinese authorities have imposed tighter measures since March 2017 in at least two dozen cities. Housing Index in China averaged 3.98 percent from 2011 until 2018, 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.

Housing Index in China is expected to be 8.20 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 7.80 in 12 months time. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around 6.00 percent in 2020, according to our econometric models.

China Newly Built House Prices YoY Change
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 01:30 AM House Price Index YoY 5.8% 5% 5%
2018-09-15 01:30 AM House Price Index YoY 7% 5.8% 4.8%
2018-10-20 01:30 AM House Price Index YoY 7.9% 7% 6.9%
2018-11-15 01:30 AM House Price Index YoY 8.6% 7.9% 8%
2018-12-15 01:30 AM House Price Index YoY 8.6% 8.9%
2019-01-18 01:30 AM House Price Index YoY
2019-02-24 04:00 AM House Price Index YoY


China Housing Last Previous Highest Lowest Unit
Housing Index 8.60 7.90 12.60 -6.10 percent [+]
Home Ownership Rate 90.00 90.00 90.00 90.00 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.60 7.90 12.60 -6.10 2011 - 2018 percent Monthly
NSA




Country Last Previous
Argentina 720.96 Oct/18
Australia -0.70 Jun/18
Brazil 128.90 Oct/18
Canada 103.30 Sep/18
China 8.60 Oct/18
Euro Area 111.58 Jun/18
France 106.31 Jun/18
Germany 152.86 Oct/18
India 148.00 Mar/18
Indonesia 207.69 Dec/18
Italy 99.40 Jun/18
Japan 111.89 Aug/18
Netherlands 125.70 Sep/18
Russia 1.00 Dec/17
Saudi Arabia 82.30 Sep/18
Singapore 149.70 Sep/18
South Korea 105.80 Nov/18
Spain 1589.50 Sep/18
Switzerland 168.38 Sep/18
Turkey 271.90 Sep/18
United Kingdom 726.90 Nov/18
United States 0.20 Sep/18


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