2025年1—9月份全国房地产市场基本情况

Core Insights - The real estate development investment in China from January to September reached 67,706 billion yuan, showing a year-on-year decline of 13.9% [1][12] - Residential investment accounted for 52,046 billion yuan, down 12.9% compared to the previous year [1][12] - The real estate development enterprise's funding amounted to 72,299 billion yuan, a decrease of 8.4% year-on-year [7][12] Investment and Construction - The total construction area for real estate development was 648,580 million square meters, reflecting a 9.4% year-on-year decrease [3][13] - The new construction area was 45,399 million square meters, down 18.9% year-on-year, with residential new construction area at 33,273 million square meters, a decline of 18.3% [3][13] - The completed construction area was 31,129 million square meters, down 15.3%, with residential completions at 22,228 million square meters, a decrease of 17.1% [3][13] Sales Performance - The sales area of newly built commercial housing was 65,835 million square meters, down 5.5% year-on-year, with residential sales area decreasing by 5.6% [4][15] - The sales revenue from newly built commercial housing was 63,040 billion yuan, a decline of 7.9%, with residential sales revenue down 7.6% [4][15] Inventory and Market Conditions - As of the end of September, the unsold commercial housing area was 75,928 million square meters, a reduction of 241 million square meters from the end of August [6] - The real estate development prosperity index stood at 92.78 in September, indicating a lower level of market activity [9] Regional Analysis - In the eastern region, real estate investment was 39,632 billion yuan, down 16.2% year-on-year, while the central and western regions saw declines of 11.8% and 7.3%, respectively [14] - The sales performance in the eastern region showed a decrease of 8.0% in sales area and 8.9% in sales revenue, while the central region experienced a smaller decline of 2.5% in sales area [15]