Housing Index in China decreased by 2.50 percent in August from -2.80 percent in July of 2025. This dataset provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

House price index in China, June, 2025 The most recent value is 120 index points as of Q2 2025, a decline compared to the previous value of 121.64 index points. Historically, the average for China from Q2 2005 to Q2 2025 is 113.63 index points. The minimum of 75.87 index points was recorded in Q2 2005, while the maximum of 145.91 index points was reached in Q3 2021. | TheGlobalEconomy.com

House Price Index MoM in China remained unchanged at -0.30 percent in August. This dataset includes a chart with historical data for China House Price Index MoM.

Key information about China Nominal Residential Property Price Index

• China Nominal Residential Property Price Index was reported at 124.927 2010=100 in Sep 2024.
• This records a decrease from the previous number of 128.212 2010=100 for Jun 2024.
• China Nominal Residential Property Price Index data is updated quarterly, averaging 111.271 2010=100 from Jun 2005 to Sep 2024, with 78 observations.
• The data reached an all-time high of 145.913 2010=100 in Sep 2021 and a record low of 75.868 2010=100 in Jun 2005.
• China Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Key information about China Gold Production

• China Real Residential Property Price Index was reported at 93.823 2010=100 in Sep 2024.
• This records a decrease from the previous number of 96.851 2010=100 for Jun 2024.
• China Real Residential Property Price Index data is updated quarterly, averaging 99.037 2010=100 from Jun 2005 to Sep 2024, with 78 observations.
• The data reached an all-time high of 112.991 2010=100 in Sep 2021 and a record low of 87.950 2010=100 in Jun 2005.
• China Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Residential Property Prices in China decreased 6.40 percent in June of 2025 over the same month in the previous year. This dataset includes a chart with historical data for China Residential Property Prices.

China Property Price Index: YoY: Year to Date: Secondary Market: Residential: below 90 sq m: Average: First Tier City data was reported at 94.850 Prev Year=100 in Mar 2025. This records an increase from the previous number of 94.425 Prev Year=100 for Feb 2025. China Property Price Index: YoY: Year to Date: Secondary Market: Residential: below 90 sq m: Average: First Tier City data is updated monthly, averaging 94.850 Prev Year=100 from Jan 2023 (Median) to Mar 2025, with 27 observations. The data reached an all-time high of 100.800 Prev Year=100 in Mar 2023 and a record low of 90.950 Prev Year=100 in Oct 2024. China Property Price Index: YoY: Year to Date: Secondary Market: Residential: below 90 sq m: Average: First Tier City data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: Average: By City Tier.

Graph and download economic data for Residential Property Prices for China (QCNN368BIS) from Q2 2006 to Q2 2025 about China, residential, housing, and price.

In 2023, the average price of real estate in China was approximately ****** yuan per square meter, representing a decrease from the previous year. Rising prices in the real estate market Since the 1998 housing reform, property prices in China have been rising continuously. Housing in the country is now often unaffordable, especially considering the modest per capita income of Chinese households. Shanghai and Beijing even have some of the most competitive real estate markets in the world. The rapid growth in housing prices has increased wealth among homeowners, while it also led to a culture of speculation among buyers and real estate developers. Housing was treated as investments, with owners expecting the prices to grow further every year. Risk factors The expectation of a steadily growing real estate market has created a property bubble and a potential debt crisis. As Chinese real estate giants, such as China Evergrande and Country Garden, operate by continuously acquiring land plots and initiating new projects, which often require substantial loans and investments, a slowdown in property demands or a decline in home prices can significantly affect the financial situation of these companies, putting China’s banks in a vulnerable position. In addition, due to a lack of regulations and monetary constraints, the long-term maintenance issues of high-rise apartments are also a concern to the sustainable development of China’s cities.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Key information about China Nominal Residential Property Price Index Growth

• China Nominal Residential Property Price Index Growth was reported at -8.574 % in Sep 2024.
• This records a decrease from the previous number of -7.382 % for Jun 2024.
• China Nominal Residential Property Price Index Growth data is updated quarterly, averaging 3.805 % from Jun 2006 to Sep 2024, with 74 observations.
• The data reached an all-time high of 10.624 % in Jun 2010 and a record low of -8.574 % in Sep 2024.
• China Nominal Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Property Price Index: Secondary Mkt: Residential: Beijing data was reported at 100.500 Prev Mth=100 in Mar 2025. This records an increase from the previous number of 100.000 Prev Mth=100 for Feb 2025. Property Price Index: Secondary Mkt: Residential: Beijing data is updated monthly, averaging 100.200 Prev Mth=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 106.300 Prev Mth=100 in Mar 2016 and a record low of 98.400 Prev Mth=100 in Apr 2024. Property Price Index: Secondary Mkt: Residential: Beijing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: (Previous Month=100): Secondary Market Residential. The survey coverage and methods for the 70 cities property price index: Survey Coverage: The survey was conducted in the municipal districts of 70 medium and large-sized cities, excluding the counties. Survey Methods: The data of sales price, floor space and amount of money directly came from the network transaction records data of local real estate management departments. The survey of sales prices of second-hand residential buildings was non-overall survey, integrating key-point investigation with typical investigation, combing the methods of real estate brokerage agency reporting, real estate management departments providing, as well as investigator obtaining prices on the spot, to collect the basic data.

Property Price: YTD Avg: Beijing data was reported at 28,360.916 RMB/sq m in Mar 2025. This records a decrease from the previous number of 36,835.882 RMB/sq m for Feb 2025. Property Price: YTD Avg: Beijing data is updated monthly, averaging 19,466.029 RMB/sq m from Jan 2003 (Median) to Mar 2025, with 267 observations. The data reached an all-time high of 42,343.603 RMB/sq m in Jun 2021 and a record low of 4,515.769 RMB/sq m in Feb 2004. Property Price: YTD Avg: Beijing data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Price – Table CN.PD: NBS: Property Price: Monthly.

Property Price Index: Secondary Mkt: Residential: Hefei data was reported at 91.800 Prev Year=100 in Mar 2025. This stayed constant from the previous number of 91.800 Prev Year=100 for Feb 2025. Property Price Index: Secondary Mkt: Residential: Hefei data is updated monthly, averaging 102.300 Prev Year=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 151.900 Prev Year=100 in Oct 2016 and a record low of 90.000 Prev Year=100 in Oct 2024. Property Price Index: Secondary Mkt: Residential: Hefei data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: (PY=100): Secondary Market Residential.

Property Price Index: New Constructed: Commodity Residential: Wuhan data was reported at 100.100 Prev Mth=100 in Mar 2025. This records an increase from the previous number of 99.700 Prev Mth=100 for Feb 2025. Property Price Index: New Constructed: Commodity Residential: Wuhan data is updated monthly, averaging 100.300 Prev Mth=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 103.900 Prev Mth=100 in Sep 2016 and a record low of 98.200 Prev Mth=100 in Jul 2014. Property Price Index: New Constructed: Commodity Residential: Wuhan data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: (Previous Month=100): New Constructed Commodity Residential.

Property Price Index: Secondary Mkt: Residential: Chengdu data was reported at 100.100 Prev Mth=100 in Mar 2025. This records a decrease from the previous number of 100.200 Prev Mth=100 for Feb 2025. Property Price Index: Secondary Mkt: Residential: Chengdu data is updated monthly, averaging 100.200 Prev Mth=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 102.200 Prev Mth=100 in Jan 2011 and a record low of 98.500 Prev Mth=100 in Dec 2023. Property Price Index: Secondary Mkt: Residential: Chengdu data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: (Previous Month=100): Secondary Market Residential.

China Property Price Index: Secondary Market: Residential: 90-144 sq m: Average: First Tier City data was reported at 96.175 Prev Year=100 in Mar 2025. This records an increase from the previous number of 95.275 Prev Year=100 for Feb 2025. China Property Price Index: Secondary Market: Residential: 90-144 sq m: Average: First Tier City data is updated monthly, averaging 102.350 Prev Year=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 134.775 Prev Year=100 in Apr 2016 and a record low of 90.000 Prev Year=100 in Sep 2024. China Property Price Index: Secondary Market: Residential: 90-144 sq m: Average: First Tier City data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: Average: By City Tier.

Property Price Index: Secondary Mkt: Residential: Shenzhen data was reported at 100.300 Prev Mth=100 in Mar 2025. This stayed constant from the previous number of 100.300 Prev Mth=100 for Feb 2025. Property Price Index: Secondary Mkt: Residential: Shenzhen data is updated monthly, averaging 100.300 Prev Mth=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 106.900 Prev Mth=100 in Jun 2015 and a record low of 98.400 Prev Mth=100 in Jan 2024. Property Price Index: Secondary Mkt: Residential: Shenzhen data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: (Previous Month=100): Secondary Market Residential.

Property Price Index: New Constructed: Commodity Residential: Xi'an data was reported at 97.700 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 98.300 Prev Year=100 for Feb 2025. Property Price Index: New Constructed: Commodity Residential: Xi'an data is updated monthly, averaging 104.900 Prev Year=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 125.300 Prev Year=100 in Jul 2019 and a record low of 93.400 Prev Year=100 in Apr 2015. Property Price Index: New Constructed: Commodity Residential: Xi'an data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.EA: Property Price Index: (PY=100): New Constructed Commodity Residential.

Key information about House Prices Growth

• Hong Kong SAR (China) house prices dropped 6.4% YoY in Jan 2025, following a decrease of 7.2% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1994 to Jan 2025, with an average growth rate of 3.4%.
• House price data reached an all-time high of 51.8% in May 1997 and a record low of -44.7% in Oct 1998.