China Housing April 2020

China

China: House prices expand at the fastest pace in six months in April

May 18, 2020

House prices in 70 large- and medium-sized cities increased 0.5% in April 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 was up from the 0.1% increase in March and represented the strongest result since October 2019. According to the NBS, the sale price of newly constructed residential buildings increased in 50 of the 70 cities (38 in March).

House prices increased 5.1% annually in April, below the 5.3% rise in March and the lowest result in almost two years. Annual average growth in house prices fell from 8.1% in March to 7.7% in April.


Author: Ricard Torné, Lead Economist

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China House Prices April 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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