2025年全国房地产开发投资82788亿元，下降17.2%

Core Insights - In 2025, national real estate development investment is projected to be 82,788 billion yuan, representing a 17.2% decrease from the previous year [1] - Residential investment is expected to be 63,514 billion yuan, down 16.3% year-on-year [1] Sales Performance - The new commercial housing sales area is anticipated to reach 88,101 million square meters, a decline of 8.7% compared to the previous year [1] - Residential sales area is expected to decrease by 9.2% [1] - The sales revenue from new commercial housing is projected to be 83,937 billion yuan, reflecting a 12.6% decrease [1] - Residential sales revenue is forecasted to decline by 13.0% [1] Inventory Situation - By the end of 2025, the area of unsold commercial housing is expected to be 76,632 million square meters, which is a 1.6% increase from the end of the previous year [1] - The unsold residential area is projected to grow by 2.8% [1] - Compared to the end of November, the unsold commercial housing area is expected to decrease by 1.0 percentage points [1]