China Housing April 2017

China

China: House prices accelerate to six-month high in April

May 18, 2017

House prices in 70 large- and medium-sized cities rose 0.7% in April from the previous month, according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS). The print was above the 0.6% increase observed in the previous month and marked a six-month high. According to the NBS, the sale price of newly-constructed residential buildings increased in 58 cities (62 in March), declined in 8 cities and was unchanged in 4.

House prices rose 10.7% annually in April, which was below March’s 11.3% increase and marked an eight-month low. Annual average growth in house prices rose from 10.1% in March to a new record high of 10.5% in April.


Author: Ricard Torné, Head of Economic Research

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China House Prices April 2017 0

Note: Month-on-month changes of the price index of newly constructed residential buildings in 70 large and medium cities and year-on-year variation in %. The index is calculated as a weighted average based on the population of the 70 cities.
Source: National Bureau of Statistics of China (NBS) and Thomson Reuters.


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