China Housing February 2019


China: Growth in house prices inches down in February

March 15, 2019

House prices in 70 large- and medium-sized cities rose 0.5% in February 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 January’s 0.6% increase and the lowest print in 10 months. According to the NBS, the sale prices of newly constructed residential buildings increased in 57 cities (58 in January).

House prices rose 10.4% annually in February, up from a 10.0% increase in January and the strongest print in nearly two years. Annual average growth in house prices increased from 6.9% in January to 7.3% in February.


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China Housing Chart

China House Prices February 2019

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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