Group 1 - The core viewpoint of the articles indicates a general decline in housing prices across major cities in China, with signs of differentiation in the market, particularly in first-tier cities where some areas show signs of stabilization [1][2][3] - In December 2025, the number of cities with rising new residential prices decreased from 8 to 6, while the number of cities with falling prices also slightly decreased from 59 to 58, indicating a more balanced market [1] - First-tier cities experienced a slight decrease in new residential prices, with a 0.3% decline in December, which is a narrowing of the decline by 0.1 percentage points from the previous month [1] Group 2 - The second-hand housing market showed a more pronounced adjustment, with an average price decline of 0.9% in first-tier cities in December 2025, although this decline was less severe than in previous months [2] - The overall decline in housing prices in 2025 was less than in 2024, with a notable increase in demand as buyers began to enter the market more actively due to favorable purchasing conditions [2][3] - In 2025, the total investment in real estate development decreased by 17.2% year-on-year, reflecting significant changes in the supply side of the market [3] Group 3 - The proportion of second-hand housing transactions is increasing, with second-hand homes accounting for approximately 65% of transactions in major cities, up about 4 percentage points from 2024 [4] - The new housing market is shifting to meet improvement needs, while developers are focusing on differentiated supply by offering "better homes" [4] - In 2025, the sales area of new residential properties was 881 million square meters, a year-on-year decrease of 8.7%, indicating ongoing challenges in the market [3]
70城房价环比降幅趋缓 市场预期向好
Jin Rong Shi Bao·2026-01-20 02:14