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China Housing Index
Last Release
Sep 30, 2024
Actual
-5.7
Units In
%
Previous
-5.3
Frequency
Monthly
Next Release
Nov 15, 2024
Time to Release
26 Days 1 Hours
Highest | Lowest | Average | Date Range | Source |
12.6 Nov 2016 | -6.1 Mar 2015 | 3.47 % | 2011-2024 | National Bureau of Statistics of China |
In China, Housing Index is measured by year over year change in house prices in 70 medium and large cities.
Latest Updates
China’s new home prices in 70 cities shrank by 5.7% year-on-year in September 2024, following a 5.3% decline in the previous month. This marked the 15th consecutive month of decrease and the steepest pace since May 2015, despite Beijing’s continuous efforts to address the persistent weakness in the property sector, including reducing mortgage rates and lowering home buying costs. Prices dropped at steeper rates in most cities, such as Beijing (-4.6% vs -3.6% in August), Guangzhou (-10.3% vs -10.1%), Shenzhen (-8.6% vs -8.2%), Tianjin (-2.3% vs -1.4%), and Chongqing (-6.2% vs -5.4%). On the other hand, cost continued to increase in Shanghai (4.9% vs 4.9%). Monthly, new home prices dropped by 0.7% for the fifth straight month in September, staying at their fastest fall since October 2014.
China Housing Index History
Last 12 readings