县城新房8千对面老房2千？付鹏：房地产已彻底回归居住属性

Core Insights - The "Phoenix Bay Area Finance Forum 2025" held in Guangzhou focused on the theme "New Pattern, New Path," gathering global elites from politics, business, and academia to explore development opportunities amid changing circumstances [1] Group 1: Economic Analysis - Northeast Securities' chief economist emphasized that addressing the current issue of insufficient effective demand requires increasing direct consumption compensation and stabilizing residents' balance sheets, particularly by promoting a stable and healthy real estate market to release wealth effects [1] - The core contradiction in the current real estate market has shifted from being investment or speculation-driven to being primarily residential-focused, indicating a long-term differentiation in the market [1] Group 2: Real Estate Market Dynamics - In some county towns, new quality residential properties can sell for up to 8,000 yuan per square meter, while older properties in the same area are priced between 1,500 to 2,000 yuan per square meter, highlighting a significant price disparity [2] - The differentiation in the market suggests that even with a return to the "residential" attribute, the demand for high-quality living remains strong, while families holding older investment-type properties face pressure on their balance sheets, which will continue to affect their consumption capacity and expectations [2]