Housing Index in China decreased by 3.20 percent in June from -3.50 percent in May 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.

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.

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.

In 2024, Poly Real Estate was the most active real estate developer in China, generating a sales revenue of approximately *********** yuan. Other leading companies were China Overseas Land & Investment Ltd. and Greentown China. Real estate market in ChinaWith more than ******************** real estate developers, China's real estate market is ranked among the world’s largest as of 2023, recruiting over *********** employees, and generating revenue from real estate sales that has increased tenfold between 2005 and 2021. China's real estate market has become a subject of debate for a long time, with the average real estate sale price per square meter in China skyrocketed from ***** yuan in 2008 to more than ****** yuan in 2023. However, different regions experienced substantially different price growth trends; as of 2023, Shanghai was the region in China with the highest sales price of real estate, followed by Hainan and the capital, Beijing. Future developmentConsidering the average income in the country, the housing prices in the largest cities are far beyond the affordability of an average household, even in suburb areas. China's central and western provinces had relatively less expansive real estate price. As a matter of fact, housing prices in China grew at a pace parallel to the country's GDP growth rate. The fluctuation of real estate prices is very likely to have a far-reaching impact on China's economic development; although the extremely high real estate prices in some regions of China are expected to fall, a sudden drop of housing prices would set off a chain reaction, leading to devastating consequences for the country's future.

In 2024, approximately **** million passenger cars and **** million commercial vehicles had been sold in China. Passenger vehicle sales regained growth since 2021 after three consecutive years of decline. Vehicles sales The automobile industry has been a major driving force in China’s economic momentum and, despite slowing growth, expected to continue fueling the economy. China was the world’s leading car producing country in 2023, producing approximately ** million passenger cars and claiming ******* of total global vehicle production. However, while passenger car sales in China have been skyrocketing since 2008, they have slowed somewhat since 2017. Type of vehicles During the slowdown in the vehicle sales in China, the sale of minivans, multipurpose vehicles (MPV) and sedans have slowed, but the number of SUVs sold has increased in the same year, although all sales for passenger cars started slowing down since 2017. While the gas guzzling SUV is the most popular type of passenger car in China, the production of new energy vehicles is also on the rise since the government has been promoting their use. The export value of electric passenger vehicles from China surged in recent years.

For the third year in a row, the Latvian china statuette market recorded decline in sales value, which decreased by -38.9% to $67K in 2024. In general, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $586K. From 2014 to 2024, the growth of the market remained at a somewhat lower figure.

The Hong Kong china statuette market declined dramatically to $2.3M in 2024, falling by -18.3% against the previous year. Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $13M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The worldwide average selling price (ASP) for TV sets amounted to *** U.S. dollars in 2018. That year, Western Europe was the region with the highest average selling price of *** U.S. dollars, whereas China saw the lowest figure at an ASP of around *** U.S. dollars per television set.

TV selling prices in China Despite the fact that China had the lowest average selling price among the eight regions covered in the 2018 statistic, the country continues to sport high average screen sizes. Looking at the growth rates of television sales in 2018, the highest year-on-year change was registered for devices priced at or under ***** yuan. This affordability of TV sets stems in part from the country’s leading position as manufacturer of TV displays, which are mass-produced at comparatively low production costs.

TV prices fall, while screen sizes increase The average selling price for TV sets has been decreasing for years. As a result of the huge increase in manufacturing capacity in powerhouses like Asia, the oversupply of televisions has led brands to sell their devices at lower prices. That this downward trend has come at a high cost for the industry can be observed in the global decline of sales revenue in recent years. For the consumers, on the other hand, this development means high-quality TV at a fraction of the former price: *****-inch 4K TVs, for example, saw a price drop of over ** percent worldwide between 2012 and 2017.

China Steel Industry: Cost of Sales data was reported at 4,411,446.642 RMB mn in 2020. This records an increase from the previous number of 3,772,196.306 RMB mn for 2019. China Steel Industry: Cost of Sales data is updated yearly, averaging 2,008,071.665 RMB mn from Dec 1995 (Median) to 2020, with 26 observations. The data reached an all-time high of 4,411,446.642 RMB mn in 2020 and a record low of 244,975.000 RMB mn in 1996. China Steel Industry: Cost of Sales data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Metal and Steel Sector – Table CN.WAH: Steel Industry: Financial Data.