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. source: National Bureau of Statistics of China

Housing Index in China decreased to -3.20 percent in February from -3.10 percent in January of 2026. Housing Index in China averaged 2.80 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 March of 2026.

Housing Index in China decreased to -3.20 percent in February from -3.10 percent in January of 2026. Housing Index in China is expected to be -3.50 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 and 0.50 Percent in 2028, according to our econometric models.



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


Related Last Previous Unit Reference
House Price Index MoM -0.40 -0.40 percent Jan 2026
House Price Index YoY -3.20 -3.10 Percent Feb 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
-3.20 -3.10 12.60 -6.10 2011 - 2026 Percent Monthly
NSA

News Stream
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
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