2025年1—3月份全国房地产市场基本情况

Core Insights - The real estate development investment in China for the first quarter of 2025 reached 1.9904 trillion yuan, representing a year-on-year decline of 9.9% [1][13] - Residential investment accounted for 1.5133 trillion yuan, down 9.0% compared to the same period last year [1][13] - The overall construction area for real estate development decreased by 9.5% year-on-year, with residential construction area down by 9.9% [3][13] Investment and Construction Data - The total area of housing under construction was 613.705 million square meters, with new construction area dropping by 24.4% to 129.96 million square meters [3][13] - The completed housing area was 130.6 million square meters, down 14.3%, with residential completions at 95.02 million square meters, a decline of 14.7% [3][13] Sales Performance - New residential property sales area was 21.869 million square meters, a decrease of 3.0%, while sales revenue reached 207.98 billion yuan, down 2.1% [4][16] - The sales area for residential properties specifically fell by 2.0%, with sales revenue declining by 0.4% [4][16] Inventory and Funding - The inventory of unsold commercial housing at the end of March was 78.664 million square meters, a reduction of 1.227 million square meters from February [7] - Total funding for real estate development enterprises was 24.729 billion yuan, down 3.7% year-on-year, with domestic loans decreasing by 2.3% [8][14] Market Sentiment - The real estate development prosperity index stood at 93.96 in March, indicating a lower level of market confidence [10][21]