8月房价数据出炉

Core Viewpoint - The real estate market in China is showing signs of stabilization, with a continued narrowing of the year-on-year decline in housing prices across various city tiers as of August 2025 [1][5][6]. Group 1: New Residential Prices - In August 2025, new residential prices in first-tier cities decreased by 0.1% month-on-month, with Shanghai increasing by 0.4% while Beijing, Guangzhou, and Shenzhen saw declines of 0.4%, 0.2%, and 0.4% respectively [1][5]. - Second-tier cities experienced a month-on-month price drop of 0.3%, while third-tier cities saw a decline of 0.4% [1]. - Year-on-year, new residential prices in first-tier cities fell by 0.9%, with Shanghai increasing by 5.9% and declines in Beijing, Guangzhou, and Shenzhen of 3.5%, 4.3%, and 1.7% respectively [5]. Group 2: Second-hand Residential Prices - Second-hand residential prices in first-tier cities decreased by 1.0% month-on-month, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 1.2%, 1.0%, 0.9%, and 0.8% respectively [1][5]. - Second-tier cities saw a month-on-month decline of 0.6%, while third-tier cities experienced a 0.5% decrease [1]. - Year-on-year, second-hand residential prices in first-tier cities fell by 3.5%, with the decline in Beijing, Shanghai, Guangzhou, and Shenzhen being 3.1%, 2.6%, 6.2%, and 1.9% respectively [5]. Group 3: Market Trends and Policies - The National Bureau of Statistics indicated that despite fluctuations in the real estate market due to domestic and international factors, the overall decline in sales and prices is narrowing, reflecting effective inventory reduction [5][6]. - Recent adjustments in housing policies in certain cities have shown positive effects, leading to improved market transactions [6]. - The government emphasizes the need for continued efforts to stabilize the real estate market and promote the release of housing demand [6].