二手房市场回暖态势突出，未来政策怎么更给力？对话楼市专家

Core Insights - The article discusses the economic trends in the real estate market from 2025 to 2026, highlighting a significant decline in new housing sales and a potential recovery in the second-hand housing market [1][2]. Sales Data - In 2025, the sales area of new residential properties was 88,101 million square meters, a year-on-year decrease of 8.7% - The sales revenue for new residential properties was 83,937 billion yuan, down 12.6% compared to the previous year [1]. Investment Trends - The funds available for real estate development in 2025 amounted to 93,117 billion yuan, reflecting a 13.4% year-on-year decline, with personal mortgage loans decreasing by 17.8% [1]. Market Dynamics - The second-hand housing market is showing signs of recovery, with a 9% week-on-week increase in transaction volume in key cities during the third week of 2026 [2]. - The price adjustments and favorable policies are encouraging first-time buyers to enter the market, despite a year-on-year decline in second-hand housing prices [2][4]. Policy Changes - New policies introduced in December 2025 aimed to optimize real estate regulations, including easing purchase conditions for non-local families and supporting multi-child households [3]. - The reduction of the real estate value-added tax is expected to lower transaction costs by approximately 3% to 5%, enhancing the liquidity of the second-hand housing market [4]. Future Outlook - The real estate market is anticipated to stabilize in 2026, with a focus on differentiated policies for various regions, particularly in first-tier cities [5]. - The ongoing policy support and seasonal demand are expected to contribute to a stable market environment, characterized by "first-tier stabilization and regional differentiation" [6].