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China House Prices in September (NBS data)
Posted: 20 October, 2021

China Property: September marks the first house price decline since 2015 on a sequential m/m basis for the simple average of the 70 major cities with the NBS house price indices.

That was driven by the lower-tier cities, as one would expect, while Tier-1 and Tier-2 decelerated m/m but still with positive growth. See the chart below.

On a y/y basis, a gradual deceleration continues.

From Real Estate Foresight's Data Update on the latest NBS figures released on Oct 20.