北京上海新房售价环比上涨

Core Insights - The number of cities with year-on-year increases in new residential property prices rose from 5 in August to 8 in September, including Shanghai, Hangzhou, Chengdu, Taiyuan, Urumqi, Nanning, Yichang, and Sanya [1][4] - The year-on-year decline in new residential property prices in first-tier cities narrowed by 0.2 percentage points, while second and third-tier cities saw a reduction of 0.3 percentage points [1][4] - The positive trend in property prices is attributed to ongoing policy optimizations since August, which have begun to show effects in the market [1][7] Price Trends - In September, new residential property prices in first-tier cities fell by 0.7% year-on-year, with Shanghai experiencing a 5.6% increase, while Beijing, Guangzhou, and Shenzhen saw declines of 2.6%, 4.1%, and 1.8% respectively [4][5] - The year-on-year decline in second and third-tier cities was 2.1% and 3.4%, with both categories also seeing a narrowing of their decline by 0.3 percentage points [4] Market Dynamics - The second-hand residential market also showed a trend of narrowing year-on-year declines, with first-tier cities experiencing a 3.2% drop, which is a 0.3 percentage point improvement [5][6] - The market is entering a stabilization phase after significant adjustments, indicating that some cities have cleared property price bubbles [6][8] Policy Impact - Recent supportive policies, such as lowering mortgage rates and optimizing housing fund withdrawal conditions, have contributed to the market's recovery [7] - For instance, Beijing's policy changes included lifting restrictions on the number of homes families can buy outside the Fifth Ring Road and increasing the maximum amount for second-home mortgage loans [7] Market Activity - Actual market transactions reflect this recovery, with notable sales figures from new projects, such as the successful launch of Zhongjian·Yunhe Jiuyuan, which sold 573 units for a total of 4.7 billion yuan [7] - The overall market indicators suggest a solid foundation for stabilization, with a focus on potential opportunities in the upcoming year [8]