China Housing January 2016

China

China: Rise in house prices stabilizes in January

February 26, 2016

House prices in 70 large- and medium-sized cities rose 0.3% in January over the previous month, according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS). The print matched the 0.3% increase tallied in the previous month. According to the NBS, the sales prices of newly-constructed residential buildings declined in 24 cities, increased in 38 cities and remained flat in 8 cities.

Compared to the same month of the previous year, house prices jumped 2.5% in January. The print came in well above the 1.6% increase tallied in December and thereby marked the highest level in one-and-a-half years. As a result of the continued upward trend in prices that has been observed since May 2015, annual average variation in house prices in January rose from minus 3.2% in December to minus 2.5%.


Author: Ricard Torné, Lead Economist

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China House Prices January 2016 0

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 Thomson Reuters.


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