Core Insights - The November data from the National Bureau of Statistics indicates a positive trend in new home prices across 70 major cities, with 8 cities experiencing month-on-month price increases, particularly in Shanghai, Hangzhou, and Hefei [1][2] Group 1: New Home Prices - In November, the number of cities with rising new home prices increased to 8, signaling a positive release of year-end housing demand and effective policy impacts [1] - Shanghai's new home prices rose by 5.1% year-on-year, while Hangzhou and Hefei saw increases of 3% and 1.3%, respectively [1][2] - The average year-on-year increase in Shanghai's new home prices has been 5.6% over the past 14 months, marking 85 consecutive months of price increases since November 2018 [2] Group 2: Price Trends in Major Cities - In first-tier cities, new home prices fell by 0.4% month-on-month, with Shanghai increasing by 0.1% while Beijing, Guangzhou, and Shenzhen saw declines of 0.5%, 0.5%, and 0.9% respectively [1] - Second and third-tier cities experienced month-on-month price declines of 0.3% and 0.4%, with the rate of decline narrowing by 0.1 percentage points [2] Group 3: Second-Hand Home Prices - Second-hand home prices in first-tier cities continued to decline, with month-on-month decreases of 1.3% in Beijing, 0.8% in Shanghai, 1.2% in Guangzhou, and 1.0% in Shenzhen [4] - Year-on-year, first-tier cities saw a 5.8% drop in second-hand home prices, with specific declines of 6.8% in Beijing and 4.6% in Shanghai [5] - The increase in new home supply in first-tier cities, along with a rise in transactions for homes priced at 3 million yuan or below, has contributed to the downward pressure on second-hand home prices [5]
最新房价数据公布!
Mei Ri Jing Ji Xin Wen·2025-12-15 14:23