核心区域成交量升价稳，广州楼市“翘尾”行情延续

Core Insights - The real estate market in Guangzhou's core areas is showing signs of recovery, with both new and second-hand property prices increasing [2][3] - The market is expected to stabilize further in 2026 due to favorable policies such as VAT reductions and a focus on improving supply and demand balance [4][8] Market Performance - In December 2025, the average transaction volume in the Guangzhou Pearl River New Town area increased by 30% compared to October, with December transactions reaching 333 units [2] - The average transaction price in the same area rose by 8% month-on-month in December, marking a six-month high [2] - The total residential area sold in Guangzhou in December was 716,400 square meters, an 11% increase from November, making it the highest monthly sales figure for 2025 [4] Price Trends - The second-hand housing market in Guangzhou is stabilizing, with notable price recoveries in popular properties compared to their lowest prices in 2025 [3][6] - In November and December, second-hand home transactions were 9,191 and 8,787 units respectively, indicating a recovery across various regions [5] - Specific properties, such as those in Zhujiang New Town, have seen prices rise above previous lows, indicating a shift in seller confidence [6] Policy and Future Outlook - The Guangzhou government is implementing policies aimed at controlling supply, reducing inventory, and improving housing quality, which are expected to stabilize the market [4][8] - The introduction of new land parcels for residential development is anticipated to enhance market expectations and support price stability [7][9] - Industry experts believe that the market performance in 2026 will likely surpass that of 2025, driven by improved product quality and favorable land supply conditions [9]