2025年1—10月份全国房地产市场基本情况

Core Viewpoint - The real estate development investment in China from January to October 2025 reached 73,563 billion yuan, showing a year-on-year decline of 14.7%, with residential investment at 56,595 billion yuan, down 13.8% [1][12]. Group 1: Real Estate Development Investment - The total real estate development investment for the first ten months of 2025 was 73,563 billion yuan, a decrease of 14.7% year-on-year [1][12]. - Residential investment accounted for 56,595 billion yuan, reflecting a decline of 13.8% [1][12]. - Investment in office buildings decreased by 20.2% to 2,775 billion yuan, while commercial properties saw an 11.2% decline to 5,211 billion yuan [12]. Group 2: New Housing Sales and Inventory - The sales area of new commercial housing from January to October was 71,982 million square meters, down 6.8% year-on-year, with residential sales area decreasing by 7.0% [4][15]. - The sales revenue from new commercial housing totaled 69,017 billion yuan, a decline of 9.6%, with residential sales revenue down 9.4% [4][15]. - The inventory of unsold commercial housing increased by 3.3% to 75,606 million square meters, with residential unsold inventory rising by 5.4% [13][15]. Group 3: Funding Situation for Real Estate Developers - The total funds received by real estate developers amounted to 78,853 billion yuan, a decrease of 9.7% year-on-year [6][12]. - Domestic loans contributed 12,160 billion yuan, down 1.8%, while foreign investment fell sharply by 37.5% to 19 billion yuan [6][12]. - Self-raised funds decreased by 10.0% to 28,419 billion yuan, and personal mortgage loans dropped by 12.8% to 10,834 billion yuan [6][12]. Group 4: Real Estate Development Activity - The total construction area for real estate projects was 652,939 million square meters, reflecting a decline of 9.4% [13]. - The new construction area for housing was 49,061 million square meters, down 19.8%, with residential new starts decreasing by 19.3% [13]. - The completion area for housing was 34,861 million square meters, a decrease of 16.9%, with residential completions down 18.9% [13]. Group 5: Real Estate Development Prosperity Index - The real estate development prosperity index for October was recorded at 92.43, indicating a lower level of market activity [9][21].