2025年1—11月份全国房地产市场基本情况 - 国家统计局

Core Insights - The real estate development investment in China from January to November reached 78,591 billion yuan, showing a year-on-year decline of 15.9% [1][12] - Residential investment accounted for 60,432 billion yuan, down 15.0% compared to the previous year [1][12] Group 1: Construction and Development - The total construction area for real estate development was 656,066 million square meters, reflecting a decrease of 9.6% year-on-year [3][12] - The new construction area was 53,457 million square meters, down 20.5%, with residential new construction area at 39,189 million square meters, a decline of 19.9% [3][12] - The completed construction area was 39,454 million square meters, down 18.0%, with residential completed area at 28,105 million square meters, a decrease of 20.1% [3][12] Group 2: Sales and Inventory - The sales area of new commercial housing was 78,702 million square meters, down 7.8% year-on-year, with residential sales area decreasing by 8.1% [4][12] - The sales revenue from new commercial housing was 75,130 billion yuan, a decline of 11.1%, with residential sales revenue down 11.2% [4][12] - As of the end of November, the inventory of unsold commercial housing was 75,306 million square meters, a reduction of 301 million square meters from the end of October [6][12] Group 3: Funding Situation - The total funds available to real estate development enterprises amounted to 85,145 billion yuan, down 11.9% year-on-year [7][12] - Domestic loans contributed 13,149 billion yuan, a decrease of 2.5%, while foreign investment was 23 billion yuan, down 24.6% [7][12] - Self-raised funds were 30,628 billion yuan, down 11.9%, and personal mortgage loans were 11,786 billion yuan, a decline of 15.1% [7][12] Group 4: Market Sentiment - The real estate development prosperity index (National Housing Prosperity Index) stood at 91.90 in November, indicating a lower level of market sentiment [8][12]