China Housing July 2019

China

China: Growth in house prices stable in July

August 15, 2019

House prices in 70 large- and medium-sized cities rose 0.6% in July 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 increase recorded in June. According to the NBS, the sale prices of newly constructed residential buildings increased in 60 cities (63 in June).

House prices rose 9.7% annually in July, below the 10.3% rise in June and the lowest result in seven months. Annual average growth in house prices, however, increased from 9.3% in June to 9.6% in July, the strongest result since October 2017.


Author:, Economist

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China House Prices July 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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