China Housing December 2017


China: Growth in house prices accelerates to five-month high in December

January 18, 2018

House prices in 70 large- and medium-sized cities rose 0.4% in December 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 November’s 0.3% increase. According to the NBS, the sale price of newly-constructed residential buildings increased in 57 cities (57 in November).

House prices rose 5.3% annually in December, which was above November’s 5.1% increase. Annual average growth in house prices fell from 9.5% in November to 8.9% in December.


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China Housing Chart

China House Prices December 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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