China Housing January 2018


China: Growth in house prices decelerates in January

January 26, 2018

House prices in 70 large- and medium-sized cities rose 0.3% in January 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 below December’s 0.4% increase. According to the NBS, the sale price of newly-constructed residential buildings increased in 52 cities (57 in December).

House prices rose 5.0% annually in January, which was below December’s 5.3% increase. Annual average growth in house prices fell from 8.9% in December to 8.3% in January, marking a one-year low.


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China Housing Chart

China House Prices January 2018 1

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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