Core Viewpoint - The latest data from the National Bureau of Statistics indicates that the decline in housing prices across major cities in July has narrowed, with first-tier cities showing signs of stabilization in new home prices, while second and third-tier cities are experiencing marginal improvements in the second-hand housing market [1][2][4]. Group 1: New Home Prices - In July, new home prices in first-tier cities decreased by 0.2% month-on-month, a reduction of 0.1 percentage points from the previous month [1]. - Among first-tier cities, Beijing's new home prices remained flat, while Shanghai saw an increase of 0.3%, and Guangzhou and Shenzhen experienced declines of 0.3% and 0.6%, respectively [1][2]. - Year-on-year, new home prices in first-tier cities fell by 1.1%, with Shanghai increasing by 6.1%, while Beijing, Guangzhou, and Shenzhen saw declines of 3.6%, 4.6%, and 2.2% [2][3]. Group 2: Second-hand Home Prices - In July, second-hand home prices in first-tier cities decreased by 1.0% month-on-month, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 1.1%, 0.9%, 1.0%, and 0.9%, respectively [1][3]. - Second-hand home prices in second and third-tier cities both fell by 0.5% month-on-month, but the decline was narrower by 0.1 percentage points compared to the previous month [1][2]. Group 3: Market Trends and Insights - The real estate market is currently in an adjustment phase, with July and August typically being off-peak months [2][4]. - The first-tier cities are showing signs of stabilization in the new home market, while the second-hand market continues to face pressure [2][3]. - The increase in new home prices in some cities, such as Shanghai and Urumqi, indicates a potential shift in market dynamics, with five cities reporting year-on-year increases in new home prices [2][4]. Group 4: Future Outlook - Experts believe that the trend of stabilization in housing prices is likely to continue, supported by a narrowing year-on-year price index across 70 cities [4]. - The demand for new homes is expected to remain stable due to factors such as urbanization and policy adjustments aimed at restoring housing consumption [4].
7月一线城市新房价格降幅收窄未来楼市止跌回稳趋势不变
Zheng Quan Shi Bao·2025-08-15 17:50