China Housing February 2018

China

China: Growth in house prices falls to five-month in February

February 19, 2018

House prices in 70 large- and medium-sized cities rose 0.2% in February 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 January’s 0.3% increase and the lowest reading since September 2017. According to the NBS, the sale price of newly-constructed residential buildings increased in 44 cities (52 in January).

House prices rose 5.2% annually in February, which was above January’s 5.0% increase. Annual average growth in house prices fell from 8.3% in January to 7.7% in February, marking a 15-month low.


Author: Ricard Torné, Lead Economist

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China House Prices February 2018

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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