8月全国70城二手房同比全面下跌，环比仅长春上涨

Group 1 - In August, new residential property prices in Shanghai, Hangzhou, and Yichang led the country with a month-on-month increase of 0.4% [1] - Shanghai's new home prices saw a year-on-year increase of 5.9%, the highest in the nation, while Hangzhou followed with a 2.6% increase [1] - Nine cities experienced a month-on-month increase in new residential property prices, with Nanning at 0.3% and Shenyang, Hefei, and Jilin at 0.2% [1] Group 2 - First-tier cities saw a month-on-month decrease of 0.1% in new residential property prices, with Beijing, Guangzhou, and Shenzhen declining by 0.4%, 0.2%, and 0.4% respectively [1] - The year-on-year decline in new residential property prices for first-tier cities was 0.9%, with Beijing, Guangzhou, and Shenzhen experiencing declines of 3.5%, 4.3%, and 1.7% respectively [2] Group 3 - The second-hand housing market showed weaker price increases, with only Changchun experiencing a 0.1% month-on-month increase, while other cities saw declines [2] - First-tier cities' second-hand residential property prices decreased by 1% month-on-month, with declines of 1.2%, 1%, 0.9%, and 0.8% in Beijing, Shanghai, Guangzhou, and Shenzhen respectively [2] Group 4 - Zhang Bo from 58 Anjuke Research Institute noted a clear trend of price stability in first-tier and second-tier hot cities due to government policies aimed at boosting buyer confidence [3] - The upcoming traditional peak buying season is expected to show a structural recovery in core cities while smaller cities continue to adjust [3] - Policies will continue to be implemented based on local conditions, with first-tier cities benefiting from relaxed purchase restrictions and optimized public housing fund policies [3]