杭州楼市翘尾回暖 刚需活跃拉动新年市场

Core Insights - The Hangzhou real estate market shows signs of recovery with a significant increase in second-hand housing transactions in December 2025, indicating a revitalized market activity [1][2] - The total transaction volume for second-hand homes in Hangzhou for the entire year of 2025 reached 88,456 units, with over 53% of transactions being for properties priced below 2 million RMB, highlighting the strong demand from first-time buyers and those seeking initial upgrades [1] - The average transaction price for newly built residential properties in Hangzhou increased by 7.7% year-on-year in 2025, reflecting market recognition of high-quality new supply [1] Market Dynamics - The second-hand housing market in Hangzhou experienced a month-on-month increase of 4.6% in December 2025, marking a continuous recovery trend [1] - The adjustment of purchasing thresholds has effectively released genuine housing demand, providing stable and sustainable momentum for the market [1] - The new housing market and the second-hand market are developing in a complementary manner, creating a multi-tiered and full-cycle housing supply system [1] Future Outlook - Analysts suggest that the Hangzhou real estate market has completed a phase of bottoming out in 2025, with the year-end increase in transaction volume supported by strong demand from first-time buyers [2] - The implementation of policies supporting reasonable housing consumption is expected to further improve market expectations in the new year [2]