China Housing October 2021

China

China: Housing market loses further steam in October

November 15, 2021

House prices in 70 large- and medium-sized cities were down 0.2% month-on-month in October, according to a weighted average index calculated by Refinitiv from data issued by the National Bureau of Statistics (NBS). The print was down from September’s flat reading.

House prices increased 3.4% annually in October, down from September’s 3.8% increase. Annual average growth in house prices was unchanged at 4.3%. The decelerating housing market in recent months has likely been driven by the government’s measures aimed at boosting housing affordability and limiting speculation in the sector, and housing market momentum is set to remain soft ahead.


Author:, Economist

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China House Prices October 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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