China Housing April 2019

China

China: Growth in house prices stabilizes in April

May 16, 2019

House prices in 70 large- and medium-sized cities rose 0.6% in April 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 matched the result in March. According to the NBS, the sale prices of newly constructed residential buildings increased in 67 cities (65 in March).

House prices rose 10.7% annually in April, up from a 10.6% increase in March and the strongest print in two years. Annual average growth in house prices increased from 7.8% in March to 8.3% in April.


Author: Ricard Torné, Lead Economist

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China House Prices April 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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