China’s new home prices across 70 cities fell 2.8% year-on-year in September 2026, easing from a 3.0% decline in the previous month and marking the 39th consecutive month of annual contraction. Still, the pace of decline was the slowest since December 2025, suggesting that continued policy support from Beijing is helping stabilise the property market. Among major cities, price declines moderated in Guangzhou (-1.1% vs -1.9% in August), Shenzhen (-1.0% vs -2.3%), Chongqing (-2.4% vs -3.1%) and Tianjin (-3.6% vs -4.1%). Meanwhile, the decline deepened in Beijing (-2.7% vs -2.3%). Shanghai remained the standout, with new home prices rising 2.8% year-on-year, although growth eased from 3.0% in August. On a monthly basis, new home prices edged down 0.1%, extending recent declines. source: National Bureau of Statistics of China

Housing Index in China decreased by 2.80 percent in September from -3 percent in August of 2026. Housing Index in China averaged 2.58 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 November of 2026.

Housing Index in China decreased by 2.80 percent in September from -3 percent in August of 2026. Housing Index in China is expected to be -2.70 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
2026-09-15 01:30 AM
House Price Index YoY
Aug -3% -3.2% -3.1%
2026-10-19 01:30 AM
House Price Index YoY
Sep -2.8% -3% -3.1%
2026-11-16 01:30 AM
House Price Index YoY
Oct -2.8%


Related Last Previous Unit Reference
House Price Index MoM -0.10 -0.10 percent Sep 2026
House Price Index YoY -2.80 -3.00 Percent Sep 2026
Housing Starts 34031.30 29894.06 Tens of Thousands Square Metre Sep 2026
New Home Sales 47335.12 41776.01 CNY Hundred Million Sep 2026
Property Investment -20.60 -19.90 percent Sep 2026
Residential Property Prices -5.90 -6.30 Percent Jun 2026


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
-2.80 -3.00 12.60 -6.10 2011 - 2026 Percent Monthly
NSA

News Stream
China New Home Prices Drop the Least in 9 Months
China’s new home prices across 70 cities fell 2.8% year-on-year in September 2026, easing from a 3.0% decline in the previous month and marking the 39th consecutive month of annual contraction. Still, the pace of decline was the slowest since December 2025, suggesting that continued policy support from Beijing is helping stabilise the property market. Among major cities, price declines moderated in Guangzhou (-1.1% vs -1.9% in August), Shenzhen (-1.0% vs -2.3%), Chongqing (-2.4% vs -3.1%) and Tianjin (-3.6% vs -4.1%). Meanwhile, the decline deepened in Beijing (-2.7% vs -2.3%). Shanghai remained the standout, with new home prices rising 2.8% year-on-year, although growth eased from 3.0% in August. On a monthly basis, new home prices edged down 0.1%, extending recent declines.
2026-10-19
China New Home Prices Fall at Slowest Pace in 8 Months
China’s new home prices across 70 cities fell 3.0% year-on-year in August 2026, slowing from a 3.2% decline in the previous month. This marked the 38th consecutive month of annual declines, though the pace of contraction was the slowest since December 2025, suggesting continued policy support is easing pressure on the property market. Among major cities, price declines moderated in Guangzhou (-1.9% vs -2.2%), Shenzhen (-2.3% vs -2.9%), Chongqing (-3.1% vs -3.7%) and Tianjin (-4.1% vs -4.4%). Beijing’s decline was unchanged at 2.3%, while Shanghai remained the standout performer, with new home prices rising 3.0%, matching July’s pace. On a monthly basis, new home prices edged down 0.1%, mirroring the declines in both July and June.
2026-09-15
China New Home Prices Fall the Least in 5 Months
China’s new home prices across 70 cities fell 3.2% year-on-year in July 2026, following a 3.3% decline in the previous month. This marked the 37th consecutive month of annual declines, although the pace of contraction was the slowest since February, as ongoing policy support helped ease some pressure on the property market. Among major cities, prices continued to fall in Beijing (-2.3% vs -2.1% in June), Guangzhou (-2.2% vs -2.6%), Shenzhen (-2.9% vs -3.6%), Chongqing (-3.7% vs -4.2%) and Tianjin (-4.4% vs -4.6%). Shanghai remained the standout performer, with new home prices rising 3.0%, only slightly slower than the 3.1% increase in June. On a monthly basis, new home prices edged down 0.1%, matching June’s decline.
2026-08-17