China Housing May 2021

China

China: Housing market gains further steam in May

June 17, 2021

House prices in 70 large- and medium-sized cities increased 0.6% 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 April’s reading.

House prices increased 4.9% annually in May, above April’s 4.8% reading. Annual average growth in house prices was stable at 4.5%.

Looking ahead, the housing market could lose some momentum later this year due to the impact of recent government measures to limit financial risks, including limits on property loans. However, the stronger domestic economy should provide some support.


Author:, Economist

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China House Prices May 2021

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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