China Housing June 2018


China: House prices continue to rise in July

August 20, 2018

House prices in 70 large- and medium-sized cities rose 1.1% 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 was up from June’s 1.0% increase and represented the highest reading since November 2016. According to the NBS, the sale prices of newly constructed residential buildings increased in 65 cities (63 in June).

House prices rose 5.8% annually in July, up from a 5.0% increase in June. Annual average growth in house prices fell to 5.5% in July from 5.8% in June, marking the lowest rate since October 2016.

Author: Ricard Torné, Lead Economist

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China Housing Chart

China House Prices July 2018

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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