[House] Chinese housing prices
Chinese housing prices
2016: 100 cities average
The House Price Index of 100 Chinese cities of the China Index Academy rose 18.7% y-o-y in November 2016 to an average of CNY 12,938 (US$ 1,871.34) per square metre (sq. m.), a slight increase from 18.21% y-o-y growth the previous month.
New houses saw an average sales price increase of 27.8% y-o-y to CNY 40,912 (US$ 5,917.46) per sq. m. in Q3 2016, according to Colliers. The area between the middle ring road and the outer ring road saw the biggest increase in house prices.
Villa sale prices slowed by 0.8% y-o-y to CNY 34,426 (US$ 4,979.34) per sq. m. It was down by 2.6% on a quarterly basis.
Apartment sale prices rose by 34.1% y-o-y to CNY 42,435 (US$ 6,137.75) per sq. m., also up by 19.4% q-o-q.