China's real residential property price index hits record low

11 articles · Updated · TradingView · May 1

The BIS said Q4 2025's inflation-adjusted index fell to 86.79, below its 2010 base, after 17 straight quarterly declines and 23 months of year-on-year new-home price falls.
Property investment dropped 17.2% in 2025, while prices in Shanghai and Beijing are down 8% to 12% from peak levels, erasing about $18 trillion in household wealth.
Despite official Q1 2026 GDP growth of 5%, analysts say weak property and consumption point to a balance sheet recession, with excess industrial output increasingly pushed into export markets.

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