Housing Index in China decreased by 4.80 percent in February from -5 percent in January 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.

Graph and download economic data for Residential Property Prices for China (QCNN628BIS) from Q2 2005 to Q3 2024 about China, residential, HPI, housing, price index, indexes, and price.

House Price Index MoM in China decreased to -0.10 percent in February from 0 percent in January of 2025. 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 8.57 percent in September of 2024 over the same month in the previous year. This dataset includes a chart with historical data for China Residential Property Prices.

In 2023, the average price of real estate in China was approximately 10,438 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.

Property Price Index: Secondary Mkt: Residential: Chengdu data was reported at 100.200 Prev Mth=100 in Jan 2025. This records a decrease from the previous number of 100.300 Prev Mth=100 for Dec 2024. Property Price Index: Secondary Mkt: Residential: Chengdu data is updated monthly, averaging 100.200 Prev Mth=100 from Jan 2011 (Median) to Jan 2025, with 169 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.

In 2024, the consumer price index for rents of residential housing in China ranged at 99.8 percent compared to the previous year (previous year=100). Since 2019, annual average prices for apartment rents in China have decreased slightly most of the years.

Property Price Index: Secondary Mkt: Residential: Nanchang data was reported at 99.400 Prev Mth=100 in Jan 2025. This records a decrease from the previous number of 99.600 Prev Mth=100 for Dec 2024. Property Price Index: Secondary Mkt: Residential: Nanchang data is updated monthly, averaging 100.000 Prev Mth=100 from Jan 2011 (Median) to Jan 2025, with 169 observations. The data reached an all-time high of 102.200 Prev Mth=100 in Sep 2016 and a record low of 98.000 Prev Mth=100 in Nov 2011. Property Price Index: Secondary Mkt: Residential: Nanchang 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: YoY: Year to Date: Secondary Market: Residential: below 90 sq m: Average: First Tier City data was reported at 94.125 Prev Year=100 in Jan 2025. This records an increase from the previous number of 91.150 Prev Year=100 for Dec 2024. China Property Price Index: YoY: Year to Date: Secondary Market: Residential: below 90 sq m: Average: First Tier City data is updated monthly, averaging 99.000 Prev Year=100 from Jan 2023 (Median) to Jan 2025, with 25 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.

Key information about House Prices Growth

• China house prices dropped 4.1% YoY in Dec 2024, following a decrease of 4.8% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 1999 to Dec 2024, with an average growth rate of 7.4%.
• House price data reached an all-time high of 25.0% in Feb 2010 and a record low of -12.6% in Apr 1999.

Property Price Index: YoY: Year to Date: Secondary Mkt: Residential: 90-144 sq m: Chengdu data was reported at 94.800 Prev Year=100 in Jan 2025. This records an increase from the previous number of 92.800 Prev Year=100 for Dec 2024. Property Price Index: YoY: Year to Date: Secondary Mkt: Residential: 90-144 sq m: Chengdu data is updated monthly, averaging 99.200 Prev Year=100 from Jan 2023 (Median) to Jan 2025, with 25 observations. The data reached an all-time high of 109.700 Prev Year=100 in Apr 2023 and a record low of 92.700 Prev Year=100 in Nov 2024. Property Price Index: YoY: Year to Date: Secondary Mkt: Residential: 90-144 sq m: 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: (Same Period PY=100): Secondary Market Residential: By Area of Floor Space.

Property Price: YTD Avg: Beijing data was reported at 31,975.587 RMB/sq m in Dec 2024. This records a decrease from the previous number of 32,227.942 RMB/sq m for Nov 2024. Property Price: YTD Avg: Beijing data is updated monthly, averaging 19,329.232 RMB/sq m from Jan 2003 (Median) to Dec 2024, with 264 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: New Constructed: Commodity Residential: Xi'an data was reported at 99.000 Prev Year=100 in Jan 2025. This records a decrease from the previous number of 99.600 Prev Year=100 for Dec 2024. Property Price Index: New Constructed: Commodity Residential: Xi'an data is updated monthly, averaging 105.000 Prev Year=100 from Jan 2011 (Median) to Jan 2025, with 169 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.

Property Price Index: Secondary Mkt: Residential: above 144 sq m: Nanjing data was reported at 95.700 Prev Year=100 in Jan 2025. This records an increase from the previous number of 94.000 Prev Year=100 for Dec 2024. Property Price Index: Secondary Mkt: Residential: above 144 sq m: Nanjing data is updated monthly, averaging 102.700 Prev Year=100 from Jan 2011 (Median) to Jan 2025, with 169 observations. The data reached an all-time high of 139.500 Prev Year=100 in Dec 2016 and a record low of 90.800 Prev Year=100 in Apr 2024. Property Price Index: Secondary Mkt: Residential: above 144 sq m: Nanjing 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: By Area of Floor Space.

Property Price Index: Secondary Mkt: Residential: Hefei data was reported at 91.600 Prev Year=100 in Jan 2025. This records an increase from the previous number of 91.000 Prev Year=100 for Dec 2024. Property Price Index: Secondary Mkt: Residential: Hefei data is updated monthly, averaging 102.500 Prev Year=100 from Jan 2011 (Median) to Jan 2025, with 169 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.

China Property Price Index: New Constructed: Commodity Residential: below 90 sq m: Average: Second Tier City data was reported at 94.935 Prev Year=100 in Jan 2025. This records an increase from the previous number of 94.603 Prev Year=100 for Dec 2024. China Property Price Index: New Constructed: Commodity Residential: below 90 sq m: Average: Second Tier City data is updated monthly, averaging 104.548 Prev Year=100 from Jan 2011 (Median) to Jan 2025, with 169 observations. The data reached an all-time high of 114.784 Prev Year=100 in Nov 2016 and a record low of 93.819 Prev Year=100 in Oct 2024. China Property Price Index: New Constructed: Commodity Residential: below 90 sq m: Average: Second 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.

China Property Price Index: Secondary Market: Residential: below 90 sq m: Average: Third Tier City data was reported at 91.694 Prev Year=100 in Jan 2025. This records an increase from the previous number of 91.497 Prev Year=100 for Dec 2024. China Property Price Index: Secondary Market: Residential: below 90 sq m: Average: Third Tier City data is updated monthly, averaging 101.531 Prev Year=100 from Jan 2011 (Median) to Jan 2025, with 169 observations. The data reached an all-time high of 108.806 Prev Year=100 in Apr 2019 and a record low of 90.917 Prev Year=100 in Sep 2024. China Property Price Index: Secondary Market: Residential: below 90 sq m: Average: Third 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: Zhengzhou data was reported at 99.300 Prev Mth=100 in Jan 2025. This records a decrease from the previous number of 99.600 Prev Mth=100 for Dec 2024. Property Price Index: Secondary Mkt: Residential: Zhengzhou data is updated monthly, averaging 100.000 Prev Mth=100 from Jan 2011 (Median) to Jan 2025, with 169 observations. The data reached an all-time high of 107.300 Prev Mth=100 in Sep 2016 and a record low of 98.800 Prev Mth=100 in Dec 2023. Property Price Index: Secondary Mkt: Residential: Zhengzhou 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.