Group 1 - The core viewpoint of the report indicates that the Chinese real estate market will continue its adjustment trend in 2025, remaining in a "stop falling and stabilize" phase, with expectations for more incremental policies to accelerate this stabilization in 2026 [1][2] - From January to November 2025, the demand for improved housing remains a significant support for the market, with new home prices in 100 cities cumulatively increasing by 2.29%, consistent with the same period in 2024. In contrast, the second-hand housing market saw a cumulative price decline of 7.46% [1] - The transaction volume for new homes in core cities has remained stable, driven by quality projects, while the number of second-hand residential transactions in 30 key cities has seen a slight year-on-year increase [1] Group 2 - Looking ahead to 2026, the report anticipates that more incremental policies may be implemented, particularly in major cities like Beijing and Shanghai, where there is room for further optimization of restrictive purchasing policies [2] - The report suggests that various measures, such as lowering mortgage rates, reducing intermediary fees, and increasing tax deductions for mortgage interest, may be employed to lower home purchasing costs [2] - According to the "China Real Estate Industry Medium and Long-term Development Dynamic Model," it is projected that the year-on-year decline in the sales area of new commercial housing will narrow in 2026, with a continued market differentiation where "good cities and good houses" present structural opportunities [2]
明年或落地更多增量政策 加速楼市“止跌回稳”
Zhong Guo Xin Wen Wang·2025-12-12 01:31