Average new home prices in China's 70 major cities rose by 2.6 percent year-on-year in December 2021, after a 3.0 percent gain a month earlier. This was the weakest rise in new home prices since January 2016, amid concerns about property default and tighter policies aimed at driving speculators out of the property market. Among China's biggest cities, prices increases were mainly seen in Chongqing (7.9 percent vs 8.0 percent in November), Guangzhou (5.0 percent vs 6.3 percent), Shanghai (4.0 percent vs 3.8 percent), Beijing (4.2 percent vs 5.4 percent), Shenzhen (3.3 percent vs 3.4 percent), and Tianjin (2.4 percent vs 3.0 percent). On a monthly basis, new home prices fell 0.2 percent in December, after a 0.3 percent drop in November. source: National Bureau of Statistics of China

Housing Index in China averaged 4.67 percent from 2011 until 2021, 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 2022.

Housing Index in China is expected to be 2.00 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 3.30 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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China Newly Built House Prices YoY Change


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
2.60 3.00 12.60 -6.10 2011 - 2021 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 01:30 AM Nov 3.0% 3.4% 3.4%
2022-01-15 01:30 AM Dec 2.6% 3%


Related Last Previous Unit Reference
Housing Index 2.60 3.00 percent Dec/21
New Home Sales 162730.00 145597.00 CNY HML Dec/21


News Stream
China New Home Price Growth at Near 5-Year Low
Average new home prices in China's 70 major cities rose by 2.6 percent year-on-year in December 2021, after a 3.0 percent gain a month earlier. This was the weakest rise in new home prices since January 2016, amid concerns about property default and tighter policies aimed at driving speculators out of the property market. Among China's biggest cities, prices increases were mainly seen in Chongqing (7.9 percent vs 8.0 percent in November), Guangzhou (5.0 percent vs 6.3 percent), Shanghai (4.0 percent vs 3.8 percent), Beijing (4.2 percent vs 5.4 percent), Shenzhen (3.3 percent vs 3.4 percent), and Tianjin (2.4 percent vs 3.0 percent). On a monthly basis, new home prices fell 0.2 percent in December, after a 0.3 percent drop in November.
2022-01-15
China New Home Price Growth at Near 6-Year Low
Average new home prices in China's 70 major cities rose by 3.0 percent year-on-year in November 2021, after a 3.4 percent gain a month earlier. This was the weakest rise in new home prices since January 2016, amid growing concerns about property default woes and tighter policies aimed at driving speculators out of the property market. Among China's biggest cities, prices increases were mainly seen in Chongqing (8.0 percent vs 8.0 percent in October), Guangzhou (6.3 percent vs 7.9 percent), Shanghai (4.0 percent vs 3.8 percent), Beijing (5.4 percent vs 4.9 percent), Shenzhen (3.4 percent vs 3.4 percent), and Tianjin (3.0 percent vs 4.0 percent). On a monthly basis, new home prices fell 0.3 percent in November, the most since February 2015, after a 0.2 percent drop in October.
2021-12-15
China New Home Price Growth at Near 6-Year Low
Average new home prices in China's 70 major cities rose by 3.4 percent year-on-year in October 2021, after a 3.8 percent gain a month earlier. This was the weakest rise in new home prices since January 2016, amid growing concerns about major property developers grappling with massive debts as well as campaigns in several cities aimed at driving speculators out of the property market. Among China's biggest cities, prices increases were mainly seen in Chongqing (8.0 percent vs 8.3 percent in September), Guangzhou (7.9 percent vs 9.0 percent), Shanghai (3.8 percent vs 4.0 percent), Beijing (4.9 percent vs 4.5 percent), Shenzhen (3.4 percent vs 3.8 percent), and Tianjin (4.0 percent vs 4.1 percent). On a monthly basis, new home prices fell 0.2 percent in October, the most since February 2015, after a flat reading in September.
2021-11-15