Cities with the highest housing inflation in 2013
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.
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.
In the following charts, ChinaHush relied on City House for 2014 and 2013 housing prices and eLiveCity.cn for 2011 housing prices.
Lhasa rises to Chongqing’s price level, while Chongqing stays level.
Xiamen surpasses Sanya as a more desirable beach resort city.
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.
Tags: Housing, inflation, Property, Real Estate
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