China Housing December 2018

China

China: Growth in house prices inches down in December

January 16, 2019

House prices in 70 large- and medium-sized cities rose 0.8% in December in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS). The print was down from November’s 0.9% increase. According to the NBS, the sale prices of newly constructed residential buildings increased in 59 cities (63 in November).

House prices rose 9.7% annually in December, up from an 9.3% increase in November and the strongest print in over one year. Annual average growth in house prices increased from 6.1% in November to 6.5% in December.


Author: Ricard Torné, Lead Economist

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China House Prices December 2018 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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