The China Residential Real Estate Market Report is Segmented by Type (Villas and Landed Houses, Apartments and Condominiums) and by City (Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and Other Cities). The Report Offers the Market Sizes and Forecasts for the China Residential Real Estate Market in Value (USD) for all the Above Segments.

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.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in Is China's Property Market Heading toward Collapse?, PIIE Policy Brief 14-21. If you use the data, please cite as: Liu, Li-Gang. (2014). Is China's Property Market Heading toward Collapse?. PIIE Policy Brief 14-21. Peterson Institute for International Economics.

In 2019, the revenue of property management services in China amounted to 809.5 billion yuan, increasing from 678.9 billion yuan in the previous year. The revenue is estimated to reach two trillion yuan by 2024.

The Report Covers Commercial Real Estate Companies in China and the Market is Segmented by Type (office, Retail, Industrial (Logistics), and Hospitality). The Report Offers Market Size and Forecasts for the China Commercial Real Estate Market in Value (USD) for all the Above Segments.

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.

The China Luxury Residential Real Estate Market Report is segmented by type (villas and landed houses, apartments and condominiums) and by cities (Beijing, Wuhan, Shanghai, Shenzhen, Guangzhou and Other cities). The report offers market size and forecasts for the China Luxury Residential Real Estate Market in value (USD billion) for all the above segments.

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Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

What will be the Size of the Real Estate Market During the Forecast Period?

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The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region holds the largest share of The market, dr

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.

In 2019, the market size of property management industry in China amounted to around 21.3 billion square meters, increasing from 20.4 billion square meters in the previous year. The market is estimated to reach 26.5 billion square meters by the end of 2024.

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.

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.

New Home Sales in China decreased to 9160 CNY Hundred Million in February from 84864 CNY Hundred Million in December of 2024. This dataset provides - China Sales Value of Commercial Residential Buildings- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iron ore prices dip below $100 amidst China's property market woes pointing to a 33% annual drop, with implications for global trade.

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.

The Report Covers the Top P&C Insurance Companies in China, and the Market is Segmented by Line of Business (motor, Corporate Property, Liability, Home, Engineering, Marine) and by Distribution Channels (Direct Sales, Individual Agency, Cross-Border JV, Cross-Sector, and Other Distribution Channels). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2022, the average price for residential real estate in Shenzhen was over 55.700 thousand yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to 17,359 yuan per square meter. A pillar of the Chinese economy China gradually abolished its welfare housing allocation system and liberalized its real estate market in the 1990s. In 2003, the government declared the real estate sector as one of the pillars of the Chinese economy. Thanks to the country's rapid economic development and urbanization, China's real estate market expanded significantly in the last two decades, with the sector accounting for about seven percent of China's GDP in 2022. Unaffordable in major urban centers While the real estate industry greatly contributed to the growth of China's economy, the housing market boom also created social issues and financial risks. In comparison to household income, property prices in major cities, most notably Shanghai, Beijing, Guangzhou, and Shenzhen, are extraordinarily expensive for average citizens. Soaring housing prices have also led to a rapid division of wealth between homeowners and renters. At the same time, debt problems created by the rapid expansion of real estate companies and the high levels of debt accumulated by Chinese citizens have created serious potential hazards for China's financial system.

Revenue for the Real Estate Development and Management industry in China is expected to decrease at a CAGR of 3.9% over the five years through 2024. This trend includes an expected decrease of 2.3% in the current year.Since August 2020, the People's Bank of China and the China Banking and Insurance Regulatory Commission have proposed three debt indicators for real estate development and management companies through which the company's financial health can be rated. This new policy has exacerbated the company's debt pressure, making it unable to repay old debts by borrowing new debt. Some real estate companies faced a liquidity crisis.In 2022, the city's lockdown and laying-off caused by COVID-19 epidemic led to the pressure of delaying the delivery of houses. The industry's newly constructed and completed areas decreased significantly throughout the year. In addition, the epidemic has impacted sales in the real estate development and management industry, and some sales offices have been forced to close temporarily. In 2022, the sales area of commercial housing decreased by 24.3%, and the sales of commercial housing decreased significantly by 29.8%.Industry revenue will recover at an annualized 3.4% over the five years through 2029. Over the next five years, the industry's drag on GDP will weaken, and industry growth will stabilize. However, high housing prices have become a major social problem in China. Under the measures on the principle that residential real estate is used for living, not speculation, the financial attributes of real estate will gradually weaken, and housing prices will tend to stabilize.

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.

Iron ore industry faces steep decline due to China's property crisis and increased miner supply, marking its worst year since 2015.