China’s new home prices across 70 cities declined 2.7% year-on-year in December 2025, steeper than a 2.4% drop in the previous month. The latest reading marked the 30th consecutive month of price decreases and the fastest pace since July, underscoring Beijing’s persistent struggle to arrest the prolonged downturn in the property sector. Prices fell at a quicker pace in Beijing (-2.4% vs. -2.1% in November), Guangzhou (-4.8% vs -4.3%), Shenzhen (-4.4% vs -3.7%), Chongqing (-2.9% vs. -2.9%), and Tianjin (-3.0% vs -2.2%). Meanwhile, costs in Shanghai eased (4.8% vs 5.1%). On a monthly basis, prices shrank 0.4%, matching November's drop. source: National Bureau of Statistics of China

Housing Index in China decreased to -2.70 percent in December from -2.40 percent in November of 2025. Housing Index in China averaged 2.87 Percent from 2011 until 2025, reaching an all time high of 12.60 Percent in November of 2016 and a record low of -6.10 Percent in March of 2015. 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. China Newly Built House Prices YoY Change - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Housing Index in China decreased to -2.70 percent in December from -2.40 percent in November of 2025. Housing Index in China is expected to be -1.50 Percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Newly Built House Prices YoY Change is projected to trend around 0.30 Percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-15 01:30 AM
House Price Index YoY
Nov -2.4% -2.2% -1.9%
2026-01-19 01:30 AM
House Price Index YoY
Dec -2.7% -2.4% -2.6%
2026-02-13 01:30 AM
House Price Index YoY
Jan -2.7% -2.6%


Related Last Previous Unit Reference
House Price Index MoM -0.40 -0.40 percent Dec 2025
House Price Index YoY -2.70 -2.40 Percent Dec 2025
Housing Starts 58769.96 53456.70 Tens of Thousands Square Metre Dec 2025
New Home Sales 73335.32 66008.50 CNY Hundred Million Dec 2025
Property Investment -17.20 -15.90 percent Dec 2025
Residential Property Prices -5.52 -6.40 Percent Sep 2025


China Newly Built House Prices YoY Change
In China, Housing Index is measured by year-over-year change in the index of newly built residential buildings in 70 medium and large cities. The index is calculated in weighted average method and the weight of each city is based on the population.
Actual Previous Highest Lowest Dates Unit Frequency
-2.70 -2.40 12.60 -6.10 2011 - 2025 Percent Monthly
NSA

News Stream
China New Home Prices Fall the Most in 5 Months
China’s new home prices across 70 cities declined 2.7% year-on-year in December 2025, steeper than a 2.4% drop in the previous month. The latest reading marked the 30th consecutive month of price decreases and the fastest pace since July, underscoring Beijing’s persistent struggle to arrest the prolonged downturn in the property sector. Prices fell at a quicker pace in Beijing (-2.4% vs. -2.1% in November), Guangzhou (-4.8% vs -4.3%), Shenzhen (-4.4% vs -3.7%), Chongqing (-2.9% vs. -2.9%), and Tianjin (-3.0% vs -2.2%). Meanwhile, costs in Shanghai eased (4.8% vs 5.1%). On a monthly basis, prices shrank 0.4%, matching November's drop.
2026-01-19
China New Home Prices Fall for 29th Month
China’s new home prices across 70 cities dropped 2.4% year-on-year in November 2025, deepening from a 2.2% decline in the previous two months. The latest reading marked the 29th consecutive month of price declines and the steepest pace since August, underscoring Beijing’s ongoing struggle to counter the prolonged weakness in the property sector. Prices fell at a quicker pace in Beijing (-2.1% vs. -2.0% in October), Guangzhou (-4.3% vs. -4.2%), Shenzhen (-3.7% vs. -2.6%), Chongqing (-2.9% vs. -2.6%), and Tianjin (-2.2% vs. -1.5%). Meanwhile, costs in Shanghai eased (5.1% vs 5.7%). On a monthly basis, prices were 0.4% lower, after a 0.5% fall in October.
2025-12-15
China Mulls New Relief for Property Sector
Beijing is weighing a fresh round of stimulus to shore up a struggling housing market, Bloomberg News reported. Proposed measures include nationwide mortgage subsidies for first-time buyers, increased income-tax rebates for mortgage holders, and lower home transaction costs. If implemented, the package would mark China’s latest attempt to halt a prolonged property slump that has eroded household wealth, dampened consumption, and pressured banks’ balance sheets. Bloomberg said the plan has been under discussion since Q3, though “timing and final policy design remain uncertain.”
2025-11-20