上海二手房成交破25万套 机构称大量刚需集中入场

Market Overview - The Shanghai real estate market is showing unexpected strength, with both the second-hand and rental markets remaining active as of the end of December 2025 [1][5] - The new housing market in Shanghai also performed positively, with a reported transaction area of 467,000 square meters in December 2025, representing a month-on-month increase of 45.9% [4] Second-hand Housing Market - In December 2025, the transaction volume of second-hand homes (including commercial properties) in Shanghai exceeded 23,000 units, marking the third highest point of the year, following the peak seasons of March and April [6] - Throughout 2025, a total of 254,218 second-hand homes were sold in Shanghai, with monthly transactions consistently above 18,000 units, except for February due to the Spring Festival [6] - The entry threshold for purchasing has decreased significantly, with many older properties now priced around 2 million yuan, making it more accessible for first-time buyers [6] Rental Market - The rental market remains robust, with landlords experiencing quick turnover in rental agreements. For instance, a landlord reported that a new tenant was secured on the same day the previous contract expired, with a rent increase from 1,900 yuan to 2,000 yuan per month [5] - The rental income has steadily increased over time, indicating a strong demand for rental properties [5] Future Outlook - As of early 2026, Shanghai's second-hand housing transaction volume is leading compared to other cities, with 839 units signed during the holiday period [8] - Analysts suggest that while the current market performance is better than the previous two years, the transaction volume has not yet reached a critical point that would trigger a price rebound [10]