Cities with the highest housing inflation in 2013

| March 11th, 2014

Housing prices continue to rise quickly in China. According to data from City House.cn, 14 major cities experienced increases of over 10% in the price of housing from February 2013 to February 2014.

luxury-apartment-interior-design-photos-2

Some of those increases happened in the usual places: Beijing, already the most expensive city in China, experienced a 14.6% increase, and the coastal city of Xiamen experienced a 15.1% increase, the fourth highest for the year.

Other hot markets are less well known: Langfang, Hebei province; Liuzhou, Guangxi; and Bangbu, Anhui had the 2nd, 3rd, and 5th highest increases in housing prices, respectively.

The biggest increase was in Lhasa, which increased from 4,300 yuan per square meter to 6,905 yuan per square meter. The current price per square meter is still among the least expensive in the country, but with an increase of 59.5% over last year, Lhasa is far and away experiencing the most housing inflation right now.

Lhasa is undergoing massive development. Tibetan blogger Woeser wrote, in a post that was later censored in China, “Our Lhasa is on the verge of destruction; this is absolutely not a case of crying wolf!” Woeser points to the 150,000 square meter Barkhor Shopping Mall, with 1,117 parking spaces, and the “Spiritual Power Plaza” as examples of excess development. Woeser quoted one tourist as saying that Lasha is becoming an “extravagant tourist-city monstrosity along the lines of Lijiang.”

The population of the municipal area of Lhasa has increased from 474,499 in 2000 to 521,000 in 2010. The population of Lhasa was estimated at being in the low tens of thousands for many years before it became a part of the PRC.

lasha-pop

In the following charts, ChinaHush relied on City House for 2014 and 2013 housing prices and eLiveCity.cn for 2011 housing prices.

Lasha rises to Chongqing's price level, while Chongqing stays level.

Lhasa rises to Chongqing’s price level, while Chongqing stays level.

Xiamen surpasses Sanya as a more desirable beach resort city.

Xiamen surpasses Sanya as a more desirable beach resort city.

Beijing surpasses Shanghai as the most expensive city in China.

Beijing surpasses Shanghai as the most expensive city in China.

City Price per Square Meter Increase over Feb. 2013
Lhasa, Tibet 6,905 元 +59.47%
Langfang, Hebei 8,652 元 +30.75%
Liuzhou, Guangxi 7,178 元 +19.55%
Xiamen, Fujian 22,280 元 +15.10%
Bangbu, Anhui 6,252 元 +14.91%
Beijing 38,157 元 +14.63%
Hefei, Anhui 7,513 元 +13.95%
Urumqi, Xinjiang 7,621 元 +13.59%
Luzhou, Sichuan 5,706 元 +12.59%
Fuzhou, Fujian 14,282 元 +12.27%
Zhuhai, Guangdong 12,270 元 +11.33%
Nanjing, Jiangsu 17,201元 +10.57%
Tianjin 15,330 元 +10.45%
Shijiazhuang, Hebei 7,972 元 +10.16%
Jinhua, Zhejiang 12,396 元 +9.94%
Ji’nan, Shandong 9,576 元 +9.90%
Guilin, Guangxi 6,470 元 +9.87%
Dongguan, Guangdong 6,640 元 +9.84%
Shenzhen, Guangdong 24,620 元 +9.70%
Cangzhou, Hebei 5,439 元 +9.59%
Nanchang, Jiangxi 9,279 元 +9.07%
Zhengzhou, Henan 8,912 元 +9.06%
Shantou, Guangdong 7,186 元 +8.91%
Liucheng, Guangxi 5,727 元 +8.42%
Tai’an, Shandong 6,419 元 +8.37%
Shanghai 29,075 元 +8.11%
Yantai, Shandong 7,740 元 +7.78%
Xining, Guangxi 5,818 元 +7.66%
Wuhan, Hubei 8,953 元 +7.41%
Rizhao, Shandong 6,523 元 +7.41%
Yangzhou, Jiangsu 7,793 元 +7.28%
Changchun, Jilin 7,069 元 +6.75%
Xiangyang, Hubei 5,650 元 +6.58%
Ji’ning, Shandong 5,755 元 +6.55%
Luoyang, Henan 5,274 元 +6.50%
Quanzhou, Fujian 8,070 元 +6.32%
Jinzhou, Liaoning 5,465 元 +6.30%
Pingdingshan, Henan 4,856 元 +6.07%
Nanchong, Sichuan 4,838 元 +5.93%
Taiyuan, Shanxi 7,796 元 +5.91%

The 20 cities that had the steepest drop in housing prices:

City Price per Square Meter Increase over Feb. 2013
Taizhou, Zhejiang 10,907 元 -1.68%
Shenyang, Liaoning 7,722 元 -1.73%
Chengdu, Sichuan 8,877 元 -1.76%
Wuxi, Jiangsu 7,848 元 -1.78%
Qinghuangdao, Hebei 7,251 元 -1.92%
Hohot, Inner Mongolia 6,523 元 -2.01%
Kunming, Yunnan 8,972 元 -2.03%
Ma’anshan, Anhui 5,626 元 -2.46%
Tangshan, Hebei 6,131 元 -2.47%
Ordos, Inner Mongolia 4,996 元 -2.84%
Changzhou, Jiangsu 7,428 元 -2.90%
Sanya, Hainan 20,093 元 -2.91%
Shaoxing, Zhejiang 10,598 元 -2.93%
Jiangmen, Guangdong 5,136 元 -3.28%
Wuhu, Anhui 6,010 元 -3.36%
Ningbo, Zhejiang 13,741 元 -3.55%
Hangzhou, Zhejiang 19,284 元 -3.92%
Xi’an, Shaanxi 6,978 元 -4.83%
Dalian, Liaoning 10,667 元 -8.07%
Wenzhou, Zhejiang 19,704 元 -8.64%
Qingdao, Shandong 11,357 元 -17.22%

CORRECTION: The name of Tibet’s capital was misspelled as Lasha instead of Lhasa. It has been corrected.

1 Comment | Leave a comment | Comment feed

  1. voiceofhomer says:

    “A deadly blast caused by a gas leak in New York City levelled a pair of East Harlem apartment buildings Wednesday morning, killing three people and injuring more than 50 others as rubble was thrown several blocks away.”

    China people don’t buy in NYC, the old city is getting older fast.

    ===========================================================================
    “Canada’s hot housing market isn’t in bubble territory, according to a new report which argues that it’s the federal government’s “dangerous” tightening of mortgage rules that poses the biggest threat to home prices.

    That view, from housing market economist Will Dunning, runs contrary to many readings of Canada’s housing sector.

    Many analysts have examined the state of housing in this country and declared it overheated, overvalued, and ripe for a tumble in prices as soon as interest rates begin to rise.”

    China people buy at your own risk and make us here rich selling these cheap houses to you in China.

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