5月份中国各线城市房价同比降幅继续收窄

Group 1 - The core viewpoint of the articles indicates that in May 2025, the sales prices of new residential properties in major Chinese cities showed a decline on a month-on-month basis, while the year-on-year decline continued to narrow [1][2] - In first-tier cities, the new residential property sales prices decreased by 1.7% year-on-year, with Shanghai experiencing a 5.9% increase, while Beijing, Guangzhou, and Shenzhen saw declines of 4.3%, 5.8%, and 2.6% respectively [1] - Second and third-tier cities experienced year-on-year declines of 3.5% and 4.9% in new residential property sales prices, with the declines narrowing by 0.4 and 0.5 percentage points respectively [1] Group 2 - The second-hand residential property sales prices in first-tier cities fell by 2.7% year-on-year, with a narrowing decline of 0.5 percentage points compared to the previous month [1] - In second and third-tier cities, second-hand residential property sales prices decreased by 6.1% and 6.9% year-on-year, with declines narrowing by 0.4 and 0.5 percentage points respectively [1] - Despite fluctuations in property prices, it is expected that the real estate market transaction volume will gradually recover in the second half of the year due to improving confidence on both supply and demand sides [1][2] Group 3 - Some cities, such as Shanghai and Hangzhou, showed resilience in new home prices, with Shanghai's new home prices increasing by 0.7% month-on-month and 5.9% year-on-year, while Hangzhou's prices rose by 0.8% month-on-month and 1.6% year-on-year [2] - The increase in Shanghai's market activity is attributed to the concentration of high-end new properties attracting high-net-worth individuals [2] - The State Council has indicated a commitment to implementing stronger measures to stabilize the real estate market, with expectations for a series of policies aimed at further market stabilization [2]