政策暖风频吹 开年各地楼市升温

Group 1 - The real estate market is showing signs of recovery entering 2026, with first-tier cities leading the way, particularly in the second-hand housing market, which has seen a significant increase in transaction activity and improved market sentiment compared to the end of 2025 [1] - In Shenzhen, from January 1 to 18, 2026, the number of viewings for second-hand homes increased by 31.8% year-on-year, and the number of signed contracts rose by 19%, indicating a recovery in market activity [1] - In Shanghai, second-hand home transactions exceeded 13,000 units by January 19, 2026, with expectations to surpass 22,000 units for the entire month, reflecting a notable change in market sentiment [1] Group 2 - In Beijing, second-hand home transaction activity has also been on the rise since the beginning of the year, with data from major real estate agencies showing a continuous increase in weekly transaction volumes [2] - The recovery in the second-hand market is occurring faster than in the new home market, attributed to prior price adjustments and stabilizing expectations among sellers [2] - Recent policy changes, including adjustments to commercial property loan requirements, have lowered entry barriers for commercial real estate, which is expected to alleviate long-standing inventory pressures [2] Group 3 - Monetary and tax policies are also contributing positively, with the central bank lowering the re-lending and re-discount rates by 0.25 percentage points to improve market liquidity [3] - The year-on-year decline in second-hand home prices is narrowing, indicating a potential stabilization in the market, particularly in first-tier cities [3] - The overall positive signals in the real estate market are a result of targeted policy measures and self-regulation within the market, with expectations for continued recovery as the traditional sales peak season approaches [3]