House prices in China; second-hand house price index, Shanghai (2003=1000)
Economics Team | June, 15, 2018
House prices in Shanghai, China. Ehomeday, a major real estate portal based in Shanghai, produces a monthly house price index of second-hand houses in Shanghai, as well as several other cities. The National Bureau of Statistics China (NBSC) has recently made several adjustments in the calculation of their price index of newly constructed residential buildings. It is based on the transaction records from city-level housing departments. The available data began in January 2011.
House price change (Shanghai) nominal and inflation-adjusted (
% change over a year earlier
Quarterly Change in house prices
This table shows the change in house prices during a single quarter, adjusted for inflation.
Adjusting house price rises (or declines) for inflation produces a more accurate picture of the change in value of housing than the usual nominal figures cited in the newspapers.