Property Price: YTD Avg: Shanghai data was reported at 39,575.041 RMB/sq m in Mar 2025. This records an increase from the previous number of 38,438.579 RMB/sq m for Feb 2025. Property Price: YTD Avg: Shanghai data is updated monthly, averaging 16,245.712 RMB/sq m from Jan 2003 (Median) to Mar 2025, with 267 observations. The data reached an all-time high of 49,301.406 RMB/sq m in Feb 2021 and a record low of 3,659.000 RMB/sq m in Feb 2003. Property Price: YTD Avg: Shanghai 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.

In 2022, the price for new residential property in Shanghai's inner ring dropped by more than ***** yuan per square meter, to ******* yuan per square meter. Although the local authorities introduced policies to stabilize the market, the real estate market in Shanghai’s central districts remained under downward pressure, similar to those experienced by other major cities in China. The most competitive real estate market in the country Home prices in Shanghai are among the most expensive globally. The area within the city's inner ring road is certainly one of the most competitive real estate markets in all of China, with property prices nearly *********** higher than those outside the outer ring road. Rising prices are far beyond the reach of ordinary residents, and the few who can afford to buy often have to take out substantial mortgages for their homes, resulting in a high proportion of real estate in their personal assets. Challenges facing China’s real estate sector The high level of indebtedness of the Chinese people and the bubbles in the country's real estate sector have become one of the major risks to China's economy. While developers expanded through continuous borrowing and the sale of off-plan properties to homebuyers, the market saw a significant excess of housing supply in most regions. There have also been instances in recent years where developers have had difficulties in completing construction projects or in repaying their loans or bonds. Addressing the risks in China's real estate sector, particularly in companies such as the Evergrande Group and Country Garden, has become an urgent task to ensure China's economic stability and prosperity.

In 2023, the average price of residential housing sold in Shanghai, the most important economic hub of China, reaching ****** yuan per square meter, making the city one of the least affordable cities in the country. The housing market boom Since the housing reform in the 1990s, the prices of homes in Shanghai have increased almost every year, thanks to the growth of the city’s population and, thus, the high demands in the housing market. The high property prices gradually became out of reach for most residents, who earn an annual per capita income of only ******* yuan in 2023. Residential properties in the city center were especially unaffordable, as newly built homes located within Shanghai's inner ring road had an average price of ******* yuan in 2023, ********* more expensive than their counterparts outside the outer ring road. Risks and interventions The high price not only made living in the city expensive for its residents, but also posed a grave risk to China’s financial system. In the first 20 years of this century, the total value of personal housing mortgage loans in Shanghai increased by ******************, and defaults of any moderate scale can be consequential. Therefore, both the central and the municipal authorities had been attempting to curb the continuous rise of property costs in Shanghai, through the increase in the supply of housing stocks and policies limiting speculations in the market. However, most measures were not as effective as anticipated.

Property Price: Residential: Shanghai data was reported at 44,429.879 RMB/sq m in 2022. This records an increase from the previous number of 40,974.194 RMB/sq m for 2021. Property Price: Residential: Shanghai data is updated yearly, averaging 10,308.500 RMB/sq m from Dec 1995 (Median) to 2022, with 28 observations. The data reached an all-time high of 44,429.879 RMB/sq m in 2022 and a record low of 2,477.000 RMB/sq m in 1995. Property Price: Residential: Shanghai data remains active status in CEIC and is reported by Shanghai Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Price – Table CN.PE: Property Price: Residential: Prefecture Level City.

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.

Anjuke is a leading real estate information service platform in China, providing a large amount of comprehensive, accurate, and reliable housing data. It aims to offer users a safe and convenient house-hunting experience. Therefore, this project involves scraping second-hand housing data from the Anjuke platform for the Shanghai area, to establish a regression prediction model for analysis.

After data cleaning, the final constructed dataset contains a total of 175,128 records. Each record includes nearly 30 features, covering various aspects from basic information about the property to community characteristics and living environment features. The project also attempts to utilize textual content such as titles.

安居客是国内领先的房产信息服务平台，包含大量全面、精准、可靠的房屋数据，旨在为用户提供安心、便捷的找房服务。因此，本项目爬取安居客平台上海地区二手房数据，用于建立回归预测模型分析。

经过数据清洗，最终构建的数据集共包含175,128条记录。每条记录包括近30个特征，涵盖了从房源基本信息，到小区特点，居住环境特点等多方面，还尝试利用了标题等文本内容。

In 2023, the total value of residential housing sold in Shanghai, China surpassed *** billion yuan, slightly decreasing from the previous year. This growth was mainly fueled by the significant price rise in residential housing in the city. In 2017, the government of Shanghai introduced several strict regulations on the housing market, intending to curb speculations. The policies resulted in a sharp decline in the market between 2016 and 2017, while also causing further price increases in the years that followed.

please cite our article: Do street-level scene perceptions affect housing prices in Chinese megacities? An analysisi using open access datasets and deep learning

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.

Property Price Index: Secondary Mkt: Residential: Shanghai data was reported at 100.400 Prev Mth=100 in Mar 2025. This records an increase from the previous number of 99.600 Prev Mth=100 for Feb 2025. Property Price Index: Secondary Mkt: Residential: Shanghai 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 106.200 Prev Mth=100 in Mar 2016 and a record low of 98.500 Prev Mth=100 in Nov 2023. Property Price Index: Secondary Mkt: Residential: Shanghai 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: YTD Avg: Existing House: Shanghai data was reported at 22,878.753 RMB/sq m in Dec 2019. This records a decrease from the previous number of 23,313.601 RMB/sq m for Nov 2019. Property Price: YTD Avg: Existing House: Shanghai data is updated monthly, averaging 12,342.047 RMB/sq m from Jan 2006 (Median) to Dec 2019, with 168 observations. The data reached an all-time high of 24,993.217 RMB/sq m in May 2019 and a record low of 6,638.000 RMB/sq m in Nov 2006. Property Price: YTD Avg: Existing House: Shanghai 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.

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.

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).

Shanghai Property Price: Secondary Mkt: Changning: Tianshan data was reported at 16,343.000 RMB/sq m in Jan 2011. This records an increase from the previous number of 16,229.000 RMB/sq m for Dec 2010. Shanghai Property Price: Secondary Mkt: Changning: Tianshan data is updated monthly, averaging 13,057.000 RMB/sq m from Jan 2005 (Median) to Jan 2011, with 73 observations. The data reached an all-time high of 16,343.000 RMB/sq m in Jan 2011 and a record low of 8,714.000 RMB/sq m in Jan 2005. Shanghai Property Price: Secondary Mkt: Changning: Tianshan data remains active status in CEIC and is reported by Shanghai Existing Property Index Office. The data is categorized under China Premium Database’s Price – Table CN.PD: Shanghai Existing Property Index Office: Shanghai Property Price: Secondary Market (Discontinued).

Housing transaction data in Shanghai and Beijing in 20160307&20160308, 20160314&20160315, 20160318&20160319

pleas cite our article: Do street-level scene perceptions affect housing prices in Chinese megacities? An analysis using open access datasets and deep learning

Shanghai Property Price: Secondary Mkt: Hongkou: Jiangwan data was reported at 12,714.000 RMB/sq m in Nov 2010. This records a decrease from the previous number of 12,743.000 RMB/sq m for Oct 2010. Shanghai Property Price: Secondary Mkt: Hongkou: Jiangwan data is updated monthly, averaging 10,914.000 RMB/sq m from Jan 2005 (Median) to Nov 2010, with 71 observations. The data reached an all-time high of 13,029.000 RMB/sq m in Mar 2010 and a record low of 7,529.000 RMB/sq m in Jan 2005. Shanghai Property Price: Secondary Mkt: Hongkou: Jiangwan data remains active status in CEIC and is reported by Shanghai Existing Property Index Office. The data is categorized under China Premium Database’s Price – Table CN.PD: Shanghai Existing Property Index Office: Shanghai Property Price: Secondary Market (Discontinued).

The house price data are collected from the official website of China's National Bureau of Statistics . We acquired the month-on-month growth data of house prices since January 2006, then compiled the house price index based on January 2006 as 100. The Shanghai Stock Exchange Index (SSEI) data which are treated as stock market prices are derived from the CSMAR database. After that, we calculate the monthly house price and stock price return as , where are proxied by the monthly house price index and SSEI, and represent the returns series. 157 observations from January 2006 to March 2019 are obtained.

In the first half of 2024, the share of transactions in Shanghai, China, below ********* yuan saw a slight decline, while those between ********* and ********* yuan dominated, accounting for ***** percent of all transactions. This trend indicated a rising threshold price range for new home purchases in the city.

Shanghai Property Price: Secondary Mkt: Yangpu: Wujiaochang data was reported at 14,371.000 RMB/sq m in Jan 2011. This records an increase from the previous number of 14,343.000 RMB/sq m for Dec 2010. Shanghai Property Price: Secondary Mkt: Yangpu: Wujiaochang data is updated monthly, averaging 12,457.000 RMB/sq m from Jan 2005 (Median) to Jan 2011, with 73 observations. The data reached an all-time high of 14,400.000 RMB/sq m in May 2010 and a record low of 7,829.000 RMB/sq m in Jan 2005. Shanghai Property Price: Secondary Mkt: Yangpu: Wujiaochang data remains active status in CEIC and is reported by Shanghai Existing Property Index Office. The data is categorized under China Premium Database’s Price – Table CN.PD: Shanghai Existing Property Index Office: Shanghai Property Price: Secondary Market (Discontinued).