China Newly Built House Prices YoY Change

Average prices of new homes in 70 Chinese cities increased by 6.9 percent year-on-year in May of 2016 from 6.2 percent in April. It is the 8th straight month of gain and the fastest rise since March 2014. Gains also spread to regional cities. In Beijing, prices rose 19.5 percent and in Shanghai went up 27.7 percent. On a monthly basis, new home prices rose 0.9 percent, as compared to a 1.2 percent rise in the preceding month. Housing Index in China averaged 2.14 percent from 2011 until 2015, reaching an all time high of 9.90 percent in November of 2013 and a record low of -6.10 percent in March of 2015. Housing Index in China is reported by the National Bureau of Statistics of China. In China, Housing Index is measured by year over year change in house prices in 70 medium and large cities. This page 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.