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CHINA: House Price Trends Continue to Improve. (UPDATED).

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

 

  • Further signs that the impact of the various stimulus measures are flowing through to the property sector were evidenced in the December New and Used House price data released today.  
  • China New Home Prices MoM -0.084% vs prior -0.201%
  • China Used Home Prices MoM -0.314% vs prior -0.347%
  • For both new and used prices, this is the fourth consecutive month of improvement with new home price declines the least since June 2023.
  • Of the 70 cities surveyed, 23 cities saw new prices rise for the month versus only 17 in November and there are now 2 cities  up YoY.
  • Of the 70 cities surveyed, 9 cities saw used prices rise for the month versus 10 in November, whilst no cities have risen year on year.
  • Beijing saw new home prices -0.1% for the month, but the YoY figures of-5.4% are a reminder of the challenges ahead.
  • Shanghai saw new home prices +0.5% for the month,  and are now up+5.3% YoY.
  • Beijing used home prices rose +0.5% for the moth, whilst Shanghai +0.9%. 
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  • Further signs that the impact of the various stimulus measures are flowing through to the property sector were evidenced in the December New and Used House price data released today.  
  • China New Home Prices MoM -0.084% vs prior -0.201%
  • China Used Home Prices MoM -0.314% vs prior -0.347%
  • For both new and used prices, this is the fourth consecutive month of improvement with new home price declines the least since June 2023.
  • Of the 70 cities surveyed, 23 cities saw new prices rise for the month versus only 17 in November and there are now 2 cities  up YoY.
  • Of the 70 cities surveyed, 9 cities saw used prices rise for the month versus 10 in November, whilst no cities have risen year on year.
  • Beijing saw new home prices -0.1% for the month, but the YoY figures of-5.4% are a reminder of the challenges ahead.
  • Shanghai saw new home prices +0.5% for the month,  and are now up+5.3% YoY.
  • Beijing used home prices rose +0.5% for the moth, whilst Shanghai +0.9%.