China Housing May 2020

China

China: Growth in house prices stabilizes in May

June 15, 2020

House prices in 70 large- and medium-sized cities increased 0.5% in May in month-on-month terms according to a weighted average index calculated by Refinitiv 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 57 of the 70 cities (50 in March).

House prices increased 4.9% annually in May, below the 5.1% rise in April and the lowest result in two years. Annual average growth in house prices fell from 7.7% in April to 7.2% in May.


Author: Ricard Torné, Head of Data Analysis

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China House Prices May 20 20

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 Refinitiv.


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