China Housing February 2020

China

China: House prices stall in February

March 16, 2020

House prices in 70 large- and medium-sized cities were flat in February 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 down from the 0.2% increase in January, and represented the weakest result since April 2015. According to the NBS, the sale price of newly constructed residential buildings increased in 21 of the 70 cities (47 in January).

House prices increased 5.8% annually in February, below the 6.3% rise in January and the lowest result in 19 months. Annual average growth in house prices fell from 9.0% in January to 8.6% in February.


Author: Ricard Torné, Lead Economist

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China House Prices February 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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