经济新闻
4月份，中国21个主要城市的新房价格环比上涨或保持稳定，上涨城市数量比3月份多5个 2026-05-19
The number of major Chinese cities where new-build house prices increased or stayed the same last month rose to 21 from 16 the month before, according to new figures from the National Bureau of Statistics.
Prices of new homes in first-tier cities rose 0.1 percent in April from March, slowing from a 0.2 percent gain in March, the NBS data also showed on May 18. They inched up 0.4 percent in Shanghai and 0.1 percent in both Guangzhou and Shenzhen, but fell 0.2 percent in Beijing.
Shanghai was the only first-tier city to post a year-on-year increase in new home prices in April, with a rise of 3.7 percent.
In second-tier cities, new-build prices slid 0.1 percent, narrowing March’s 0.2 percent decline. In third-tier cities, they fell 0.3 percent month-on-month both in April and March.
The recovery in major cities should continue this month, said Cao Jingjing, general manager of the index research division at the China Index Academy.
Pre-owned house prices in first-tier cities rose 0.4 percent in April from March, according to the NBS data. They rose 0.4 percent in Beijing, 0.7 percent in Shanghai, 0.2 percent in Guangzhou, and 0.3 percent in Shenzhen.
In second- and third-tier cities, second-hand home prices fell 0.2 percent and 0.3 percent, respectively.
Year on year, prices remained in negative territory overall, though the pace of the decline slowed. First-tier cities saw used home prices sink 6.8 percent in April from a year earlier, compared with a 7.4 percent drop in March.
The month-on-month price decline in the pre-owned housing market across 70 key Chinese cities narrowed for the fourth consecutive month in April, while the year-on-year drop shrank for the first time in eight months, said Yan Yuejin, deputy director of the E-House China Research and Development Institute.
Looser policy, greater affordability following deep price corrections, and a gradual recovery in buyer confidence are the main forces driving the improvement, Yan noted.
The convergence of second-hand and new home prices is an important signal, said Li Yujia, chief researcher at the Guangdong Provincial Academy of Housing Policy Research. This puts an end to the previous pattern of used home prices retreating faster than those for new-builds, which had weighed on market expectations, he noted.
Historically low new home inventories and the availability of better-quality housing supply are supporting upgrader demand, while steadier pre-owned property prices are helping to release pent-up demand from first-time buyers, Li explained, adding that he expects this dynamic to persist this month.
The divergence between the new and used real estate markets is likely to persist in the near term, with pre-owned home sales continuing to grow at a faster pace, buoyed by first-time buyer demand, and new home recovery remaining concentrated in quality projects in core cities, Cao said.
Source: Yicai Global
