Core Insights - The real estate market in China is showing signs of stabilization, with policies implemented to promote recovery and prevent further decline [1][2][3] - The sales prices of new residential properties in first, second, and third-tier cities have seen a year-on-year decline, but the rate of decline is narrowing compared to previous months [1][2] - The overall sales area and sales amount of new residential properties have decreased, but the rate of decline has lessened significantly compared to last year [2][3] Group 1: Market Performance - In June, new residential property prices in first, second, and third-tier cities fell by 1.4%, 3.0%, and 4.6% year-on-year, with declines narrowing by 0.3, 0.5, and 0.3 percentage points respectively compared to May [1] - The second-hand housing market also saw price declines, with first, second, and third-tier cities experiencing drops of 3.0%, 5.8%, and 6.7% year-on-year, again with narrowing declines compared to May [1][2] Group 2: Sales and Investment Trends - Nationally, the sales area of new residential properties decreased by 3.5% year-on-year in the first half of the year, a reduction of 15.5 percentage points compared to the same period last year [2] - The total sales amount of residential properties fell by 5.5% year-on-year, with a significant narrowing of 19.5 percentage points compared to last year [2] - Real estate investment dropped by 11.2% year-on-year in the first half, with the decline rate widening by 0.5 percentage points compared to the first five months [3] Group 3: Policy and Future Outlook - The government is expected to enhance policy measures to stabilize the real estate market, focusing on increasing support for affordable housing and expediting loan approvals for key projects [3] - Experts predict that the real estate market will see a recovery in the second half of the year, particularly after July, driven by improved policy measures and market conditions [2][3] - The need for tailored policies that match the development stages and market demands of different cities is emphasized to avoid blanket regulations [3]
“因城施策”成效明显 房地产朝止跌回稳方向迈进
Zheng Quan Ri Bao·2025-07-15 16:59