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 for the first nine months reached 67,706 billion yuan, reflecting a year-on-year decline of 13.9% [1][13] - Residential investment totaled 52,046 billion yuan, down 12.9% compared to the previous year [1][13] - The overall construction area for real estate development decreased by 9.4% year-on-year, with residential construction area down by 9.7% [3][13] Investment and Construction Data - The new construction area for buildings was 45,399 million square meters, a significant drop of 18.9%, with residential new construction area falling by 18.3% [3][13] - The completion area for buildings was 31,129 million square meters, down 15.3%, with residential completion area decreasing by 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 declining by 5.6% [4][15] - The sales revenue from newly built commercial housing reached 63,040 billion yuan, a decrease of 7.9%, with residential sales revenue down by 7.6% [4][15] Inventory and Funding Situation - 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, with residential unsold area decreasing by 292 million square meters [7] - The total funds available for real estate development enterprises amounted to 72,299 billion yuan, down 8.4% year-on-year, with various funding sources such as domestic loans and personal mortgage loans also experiencing declines [8][13] Market Sentiment - The real estate development prosperity index stood at 92.78 in September, indicating a continued downturn in the sector [10]