China Housing August 2021

China

China: Housing market loses steam in August

September 14, 2021

House prices in 70 large- and medium-sized cities increased 0.2% in August 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 July’s 0.3% increase.

House prices increased 4.2% annually in August, down from July’s 4.6% increase. Annual average growth in house prices was stable at July’s 4.4% in August.


Author:, Economist

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China House Prices August 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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