中信证券：楼市政策纳入提振消费框架 认为全国性政策可能在4-5月出台

Core Viewpoint - The report from CITIC Securities emphasizes that real estate is a crucial component of the policy framework aimed at boosting consumption, with various local policies being implemented to stabilize the housing market, which is seen as key to enhancing consumer confidence [1] Summary by Relevant Sections - Real Estate Market Trends - As of March 2025, new home prices have increased in 24 out of 70 major cities, although overall housing prices continue to decline, indicating a growing urgency for policy intervention [1] - Local Government Initiatives - Regions such as Guizhou and Qingdao are supporting the real estate market through renovation and subsidy measures [1] - Future Policy Expectations - CITIC Securities anticipates that national policies may be introduced in April or May, which could benefit developers with strong product offerings and companies with high-quality assets [1] - Investment Opportunities - The report highlights that companies in the property and commercial management sectors are viewed positively for investment potential [1]