China Housing May 2017

China

China: Growth in house prices stabilizes in May

June 19, 2017

House prices in 70 large- and medium-sized cities rose 0.7% in May from 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 in April. According to the NBS, the sale price of newly-constructed residential buildings increased in 56 cities (58 in April), declined in 9 cities and was unchanged in 5.

House prices rose 10.4% annually in May, which was below April’s 10.7% increase and marked a nine-month low. Annual average growth in house prices rose from 10.5% in April to a new record high of 10.8% in May.


Author: Ricard Torné, Lead Economist

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China House Prices May 2017

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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