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China: Growth in house prices remains stable in September

September 18, 2015

House prices in 70 large- and medium-sized cities rose 0.3% in September 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 matched the result tallied in the previous two months and represented the fifth consecutive monthly expansion. According to the NBS, the sales prices of newly-constructed residential buildings declined in 21 cities, increased in 39 cities and remained flat in 10 cities.

On an annual basis, house prices fell 0.9% in September, which was above the 2.3% drop tallied in August and thereby marked a 13-month high. Nevertheless, as a result of the continued downward trend in prices that has been observed since the start of 2014, annual average variation in house prices in September was stable at the previous month’s minus 4.3%.


Author: Ricard Torné, Lead Economist

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China House Prices September 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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