8月一线城市楼市分化：广深成交回调，新政下京沪成交量回升

Core Viewpoint - The recent policy changes in Beijing and Shanghai to lift housing purchase restrictions outside the city limits have stimulated a rebound in the real estate market, while Guangzhou and Shenzhen have experienced a decline in transactions [1][2][11]. Group 1: Beijing Market Performance - In August, Beijing's new home sales reached 3,135 units, and second-hand home transactions totaled 13,331 units, marking an increase of 547 units from July but a decrease of 1,032 units year-on-year [3]. - The overall market sentiment in Beijing has improved due to policy adjustments, with a new home absorption cycle of 28.5 months, primarily affected by high inventory in suburban areas [3]. Group 2: Shanghai Market Performance - Following the new policy on August 25, Shanghai's housing transactions saw a significant rebound, with a total of 192 million square meters sold in August, a 4% increase month-on-month and a 2% increase year-on-year [4]. - The "沪六条" policy led to a 63% increase in pre-sale transaction volumes compared to the levels before the policy was implemented [4]. Group 3: Guangzhou Market Performance - Guangzhou's housing market showed a decline in August, with total transactions of 49.26 million square meters, a 7% decrease month-on-month but a 4% increase year-on-year [6]. - The average transaction price in Guangzhou was 31,985 yuan per square meter, down 1% month-on-month and 8% year-on-year [6]. Group 4: Shenzhen Market Performance - Shenzhen's new home sales continued to decline in August, with pre-sale transactions down 13.4% to 1,248 units and current sales down 27.9% to 882 units [8]. - The overall sentiment in Shenzhen's real estate market remains low, with second-hand home transactions also experiencing a decline [8]. Group 5: Future Market Expectations - Experts anticipate further policy measures to stabilize the real estate market, particularly in the lead-up to the traditional peak sales months of September and October [11][12]. - There is speculation that Shenzhen may relax its housing purchase restrictions in September, which could further stimulate market activity [10][11].