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China: Growth in house prices moderates to five-month low in October

November 18, 2015

House prices in 70 large- and medium-sized cities rose 0.2% in October over 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 slightly below the 0.3% increase tallied in the previous two months and represented a five-month low. According to the NBS, the sales prices of newly-constructed residential buildings declined in 33 cities, increased in 27 cities and remained flat in 10 cities.

On an annual basis, house prices rose 0.1% in October. The print contrasted the 0.9% drop tallied in September and thereby marked a 14-month high. As a result of the continued upward trend in prices that has been observed since May, annual average variation in house prices in October rose from minus 4.3% in September to minus 4.0%.


Author: Ricard Torné, Lead Economist

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China House Prices October 2015

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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