北京楼市：爆发了，救楼市继续上压力

Core Viewpoint - The real estate market is experiencing significant price declines, with some properties seeing drops of over 40% in value, indicating a rapid downturn in the housing sector [1][3][5]. Price Trends - Many neighborhoods are witnessing drastic price fluctuations, with some properties selling at prices that are significantly lower than previous years. For instance, a 87㎡ unit in Rongze Jiayuan sold for 3.15 million in August 2025, down 48% from 6 million in September 2021 [1][3]. - The 62㎡ unit in Wanquanzhuang sold for 4.3 million in August 2025, reflecting a 45% decrease from its price of 7.8 million in March 2021 [5]. - A 49㎡ unit in Kangqiao Shuijun sold for 5.86 million in August 2025, down 40% from 9.75 million in July 2021 [7]. Market Activity - The number of transactions in the market remains relatively stable, with 1,609 transactions recorded in the week of August 11-17, showing a slight increase from the previous week [12]. - The average daily transaction volume for second-hand residential properties is around 379 units, with an estimated total of 12,000 to 13,000 transactions expected for August [12]. Broader Economic Indicators - Recent data from the National Bureau of Statistics indicates a decline in housing prices across major cities, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing month-on-month decreases of 1.1%, 0.9%, 1.0%, and 0.9% respectively [14]. - Financial data reveals a significant drop in loans, with a negative growth of 500 billion in RMB loans in July, indicating a lack of borrowing from both residents and businesses [14]. Government Response - There is increasing pressure on local governments to stabilize the housing market, as recent commentary emphasizes the need for effective measures to support the real estate sector [16]. - The upcoming months, particularly September, are anticipated to be critical for potential market recovery, with expectations of interest rate cuts that could stimulate housing demand [17].