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Property Price: YTD Avg: Office: House in Advance: Beijing data was reported at 31,651.843 RMB/sq m in Dec 2019. This records a decrease from the previous number of 37,775.637 RMB/sq m for Nov 2019. Property Price: YTD Avg: Office: House in Advance: Beijing data is updated monthly, averaging 23,606.293 RMB/sq m from Jan 2006 (Median) to Dec 2019, with 167 observations. The data reached an all-time high of 46,651.540 RMB/sq m in Apr 2019 and a record low of 12,769.886 RMB/sq m in May 2009. Property Price: YTD Avg: Office: House in Advance: 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: Office Building: Monthly.
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.
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Property Price: Residential: Beijing data was reported at 38,673.191 RMB/sq m in 2024. This records a decrease from the previous number of 46,554.064 RMB/sq m for 2023. Property Price: Residential: Beijing data is updated yearly, averaging 13,224.309 RMB/sq m from Dec 1993 (Median) to 2024, with 31 observations. The data reached an all-time high of 47,784.106 RMB/sq m in 2022 and a record low of 2,255.000 RMB/sq m in 1993. Property Price: Residential: Beijing data remains active status in CEIC and is reported by Beijing Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Price – Table CN.PE: Property Price: Residential: Prefecture Level City.
In 2023, the average price for residential real estate in Shenzhen ****** yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to ****** 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.
Despite a slowdown in the country's economy, property prices remained relatively high across China in 2023. In Shanghai, the average prices for residential housing exceeded ****** yuan per square meter, making the metropolis one of the most expensive cities to live in globally. Meanwhile, many less developed regions, such as the provinces of Guizhou, Gansu, and Guangxi, had average housing prices below ***** yuan per square meter. High property prices in major cities The commodification of real estate in the 1990s led to a rapid rise in property prices across China over the last three decades. Between 1998 and 2023, average property prices in China ************************* to more than ****** yuan per square meter. The cost of housing in core areas of major urban centers such as Shenzhen, Shanghai, and Beijing can often reach unaffordable levels, even for the middle class. Key drivers behind the housing price rise Due to the regional disparities in the country, China's rapid urbanization resulted in a high influx of internal migrants into its eastern cities, resulting in a short housing supply across many regions. At the same time, due to China's unique land and tax system, local governments are often highly dependent on land transfer revenues for their finances. As a result, many regional authorities tend to restrict the supply of available land in the market, further exacerbating property price rises across the country.
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Graph and download economic data for Real Residential Property Prices for China (QCNR368BIS) from Q2 2006 to Q2 2025 about China, residential, housing, real, and price.
This statistic shows the monthly price index of second-hand residential housing in Beijing from 2018 to 2023, compared to the previous month (previous month = 100). In December of 2024, the price of second-hand residential housing in Beijing increased by around *** percent compared to the previous month.
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ContextHousing price of Beijing from 2011 to 2017, fetching from Lianjia.comContentIt includes URL, ID, Lng, Lat, CommunityID, TradeTime, DOM(days on market), Followers, Total price, Price, Square, Living Room, number of Drawing room, Kitchen and Bathroom, Building Type, Construction time. renovation condition, building structure, Ladder ratio( which is the proportion between number of residents on the same floor and number of elevator of ladder. It describes how many ladders a resident have on average), elevator, Property rights for five years(It's related to China restricted purchase of houses policy), Subway, District, Community average price.Most data is traded in 2011-2017, some of them is traded in Jan,2018, and some is even earlier(2010,2009)All the data was fetching from https://bj.lianjia.com/chengjiao.AcknowledgementsAll the data was fetching from LianjiaInspirationIt may help you predict the housing price of Beijing.
The establishment of Xiong’an New Area is an important decision for China to remove non-capital functions. The paper takes the “Xiong’an New Area” policy as a quasi-natural experiment and uses the Synthetic control method and the Difference-in-Difference method to study the influence of establishing Xiongan New Area on the quantity and price of new and second-hand housing markets in Beijing. The study finds that after the establishment of Xiongan New Area, the overall quantity of new houses in Beijing fall, while that of second-hand houses rise. The new housing price rises steadily, the second-hand housing price has an obvious downward trend. On whole, the "Xiong’an New Area" policy has a great influence on the second-hand housing quantity, the new housing price and the second-hand housing price index in Beijing. Based on the empirical results, in order to promote the rational development of Beijing's real estate market through the "Xiong’an New Area" policy, and to achieve the national policy goal of "no speculation on housing" and "housing for housing", we need to strengthen the planning and construction of the area.
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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.
In 2023, with an average price reaching ****** yuan per square meter, Beijing had the most unaffordable residential housing market in China. The costs for housing were also high in eastern economic powerhouses, such as the municipalities of Shanghai and Tianjin, as well as the provinces of Zhejiang, Jiangsu, and Fujian. On average, the price for apartments in the country was ****** yuan per square meter in 2023.
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The China Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Key Cities (Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and Other Key Cities). The Market Forecasts are Provided in Terms of Value (USD).
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The China residential real estate industry is expected to grow at a CAGR of XX% during 2025-2033. The market size was valued at XX million in 2025 and is projected to reach XX million by 2033. The growth of the market is attributed to the increasing urbanization, rising disposable income, and government policies that support homeownership. The key drivers of the market include the increasing demand for housing from the growing middle class, the government's focus on affordable housing, and the development of smart cities. However, the market is also facing some challenges, such as the rising cost of land, the strict regulations on real estate development, and the increasing competition from the rental market. The market is segmented by type into apartments & condominiums, villas & landed houses, and by key cities into Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and other key cities. The major players in the market include Evergrande Real Estate Group Limited, China Overseas Land & Investment Limited, Longfor Group Holdings Limited, China State Construction Engineering Corporation Ltd (CSCEC), Shimao Group Holdings Limited, Sunac China Holdings Limited, China Resources Land Limited, China Vanke Co Ltd, China Merchants Shekou Industrial Zone Holdings Co Ltd, and Country Garden Holdings Company Limited. The market concentration is moderate, with the top 5 players accounting for XX% of the market share. The companies are focusing on expanding their presence in key cities, developing new projects, and offering innovative products and services to meet the evolving needs of consumers. The China residential real estate industry is one of the largest and most important in the world. In 2021, the industry was valued at over $4 trillion USD and is projected to grow to over $6 trillion USD by 2025. The industry is characterized by a high concentration of large developers, with the top 10 developers accounting for over 50% of the market share. The industry is also highly regulated, with the government implementing a number of policies to control prices and prevent speculation. Recent developments include: February 2022: Dar Al-Arkan, a Saudi real estate corporation, announced the creation of an office in Beijing, China. The move is in accordance with Dar Al-strategic Arkan's expansion ambitions and builds on the company's global brand development efforts. The company's Beijing office is expected to serve a variety of tasks, including establishing joint ventures between Dar Al-Arkan and renowned Chinese real estate developers for both the Chinese and Saudi markets, as well as enhancing investment and knowledge-sharing opportunities between the two countries. Dar Al-office Arkan's will serve as a hub for Chinese enterprises and investors looking to expand, start businesses, or invest in the Kingdom., February 2022: China Evergrande Group announced that it sold stakes and "right to debt" in four developments to two state-owned trust firms for CNY 2.13 billion (USD 0.35 billion), in a move to ensure their construction goes ahead as well as delivery of its other projects. The world's most indebted property developer is struggling to complete projects and homes - deemed a priority by China's policymakers to ensure social stability - while weighed down by its more than USD 300 billion in liabilities. Evergrande sold its stake and right to debt in a residential development in Chongqing and Dongguan to Everbright Trust for CNY 1.03 billion (USD 0.19 billion), as well as those in a housing project in Foshan and a theme park development in Guangzhou to Minmetals Trust for CNY 1.1 billion (USD 0.16 billion).. Key drivers for this market are: Government Infrastructure Spending, Urbanization and Increasing Disposable Incomes. Potential restraints include: Oversupply in the Real Estate, Labor Shortages. Notable trends are: Urbanization Driving the Residential Real Estate Market.
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Beijing: Property Price: YTD Avg: Residential: House in Advance: 4th to 5th Ring Road data was reported at 20,452.000 RMB/sq m in Jul 2010. This records a decrease from the previous number of 20,517.000 RMB/sq m for Jun 2010. Beijing: Property Price: YTD Avg: Residential: House in Advance: 4th to 5th Ring Road data is updated monthly, averaging 17,205.000 RMB/sq m from Jan 2009 (Median) to Jul 2010, with 19 observations. The data reached an all-time high of 21,693.000 RMB/sq m in Apr 2010 and a record low of 14,447.000 RMB/sq m in Feb 2009. Beijing: Property Price: YTD Avg: Residential: House in Advance: 4th to 5th Ring Road data remains active status in CEIC and is reported by Beijing Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RK: Beijing Property.
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please cite our article: Do street-level scene perceptions affect housing prices in Chinese megacities? An analysisi using open access datasets and deep learning
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Property Price Index: New Constructed: Commodity Residential: Beijing data was reported at 94.300 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 94.500 Prev Year=100 for Feb 2025. Property Price Index: New Constructed: Commodity Residential: Beijing data is updated monthly, averaging 103.700 Prev Year=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 130.400 Prev Year=100 in Sep 2016 and a record low of 94.300 Prev Year=100 in Mar 2025. Property Price Index: New Constructed: Commodity 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: (PY=100): New Constructed Commodity 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.
In 2023, the average price of properties for business purposes in Beijing surpassed ** thousand yuan per square meter. The capital, together with major municipalities of Shanghai, and the southern provinces of Guangdong and Hainan are the regions with the most expensive commercial real estate in China, where the average price increased slightly to ****** yuan per square meter in 2023.
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Housing transaction data in Shanghai and Beijing in 20160307&20160308, 20160314&20160315, 20160318&20160319
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Market Size and Growth: The China luxury residential real estate market was valued at $146.25 million in 2025 and is projected to reach $170.78 million by 2033, exhibiting a CAGR of 6.28% during the forecast period. Strong economic growth, rising disposable incomes, and increasing urbanization are fueling the demand for luxury residential properties in major cities such as Beijing, Shanghai, Shenzhen, and Guangzhou. Key Trends and Drivers: The market is characterized by growing demand for premium amenities, such as smart home systems, rooftop gardens, and concierge services. Government policies are also encouraging the development of luxury residential properties, with increased investment in infrastructure and incentives for foreign investors. Additionally, the rise of the high-net-worth individual (HNWI) population in China and the increasing interest in international buyers are driving the market upwards. However, factors such as strict government regulations, rising construction costs, and limited land supply may pose challenges for the industry. Recent developments include: December 2022: A joint venture led by Shui On Land has won the land-use rights to develop a residential project on a plot in Shanghai’s Yangpu district with a bid of RMB 2.38 billion (USD 340 million). The parties plan to develop the 16,993.8 square metre (182,920 square foot) parcel on Pingliang Street into a heritage preservation project incorporating a high-end, low-density residential community. A wholly owned subsidiary of Shui On holds 60% of the JV, with the remaining 40% held by state-owned developer Shanghai Yangshupu., November 2022: China’s largest lenders ready to pump over USD 162 Billion of credit into the country’s property developers, as Xi Jinping’s government retreats from tight controls on leverage in the real estate sector that had sparked a property crisis. Industrial and Commercial Bank of China (ICBC), China’s largest lender by assets, announced it was extending credit lines totalling RMB 655 Billion (USD 92 Billion) to 12 developers.. Key drivers for this market are: 4., Higher incomes support4.; Massive industry change. Potential restraints include: 4., High imbalance in population versus real estate index. Notable trends are: Growth of urbanization driving luxury residential real estate market.
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9,897 residential community samples were reported.
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Property Price: YTD Avg: Office: House in Advance: Beijing data was reported at 31,651.843 RMB/sq m in Dec 2019. This records a decrease from the previous number of 37,775.637 RMB/sq m for Nov 2019. Property Price: YTD Avg: Office: House in Advance: Beijing data is updated monthly, averaging 23,606.293 RMB/sq m from Jan 2006 (Median) to Dec 2019, with 167 observations. The data reached an all-time high of 46,651.540 RMB/sq m in Apr 2019 and a record low of 12,769.886 RMB/sq m in May 2009. Property Price: YTD Avg: Office: House in Advance: 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: Office Building: Monthly.