China Housing May 2019

China

China: Growth in house prices inches up in May

June 18, 2019

House prices in 70 large- and medium-sized cities rose 0.7% in May 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 above the 0.6% increase in April. According to the NBS, the sale prices of newly constructed residential buildings increased in 67 cities (67 in April).

House prices rose 10.7% annually in May, matching April’s result. Annual average growth in house prices increased from 8.3% in April to 8.5% in May, the strongest result in 17 months.


Author: Ricard Torné, Lead Economist

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China House Prices May 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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