Group 1 - The real estate market in August remains in a traditional off-season, with a slight recovery in second-hand housing transaction volumes in Beijing and Shanghai due to relaxed purchase restrictions, while other core cities continue to see declines in transaction volumes, maintaining the "price for volume" phenomenon [1][65] - On the policy front, the State Council reiterated the goal of "stopping the decline and stabilizing" the real estate market during its ninth plenary meeting on August 18, emphasizing the need to "release improvement demand through multiple channels" [1][65] - The Ministry of Finance and the State Taxation Administration announced a policy on August 22 to support eligible real estate developers in applying for a refund of 60% of the newly added tax credits compared to the end of March 2019, alleviating financial pressure on real estate companies [1] Group 2 - Local governments in cities like Beijing and Shanghai have optimized purchase restrictions, allowing eligible buyers to purchase unlimited properties outside the city center, while also adjusting loan policies to support home purchases [2] - In August, the average price of second-hand residential properties in 100 cities fell by 0.76% month-on-month and 7.34% year-on-year, with the top ten cities experiencing a month-on-month decline of 0.59% and a year-on-year decline of 4.90% [6] - The transaction volume in Beijing increased by 4.3% month-on-month in August, but still saw a year-on-year decline of 7.2%, with prices down 0.53% month-on-month and 4.58% year-on-year [9] Group 3 - In Shanghai, the second-hand housing market showed signs of recovery with a 4.0% month-on-month increase in transaction volume and a 10.6% year-on-year increase, although prices fell by 0.49% month-on-month and 4.16% year-on-year [15] - Guangzhou's second-hand housing prices fell by 0.80% month-on-month and 5.73% year-on-year, with high inventory levels impacting transaction cycles [21] - In Shenzhen, the transaction volume of second-hand homes decreased by 10.3% month-on-month in August, but still showed a year-on-year increase of 9.8% [27] Group 4 - The second-hand housing market in Chengdu saw a 13.4% month-on-month decline in transaction volume, while prices fell by 0.19% month-on-month and 0.98% year-on-year, with the decline in prices showing signs of narrowing [49] - In Wuhan, the transaction volume decreased by 8.8% month-on-month, but increased by 3.6% year-on-year, with prices down 1.20% month-on-month and 9.67% year-on-year [45] - The overall market trend indicates that September may see a recovery in transaction volumes due to policy adjustments and the traditional peak season for real estate [65]
8月十大城市二手房“以价换量”现象延续
3 6 Ke·2025-09-11 02:22