锐财经｜房地产市场不断趋稳

Core Insights - By the end of 2025, China's economic and social development goals are expected to be achieved, with positive changes observed in the real estate market, including a reduction in unsold housing inventory [1] - The overall trend in the real estate market is stabilizing, despite some fluctuations in investment and sales figures, indicating a potential recovery [2][3] Group 1: Market Performance - As of 2025, the total real estate development investment reached 82,788 billion yuan, with new housing sales area at 88,101 million square meters [2] - The inventory of unsold commercial housing decreased by 3,259 million square meters compared to the beginning of the year, indicating effective inventory reduction measures [1][2] - In November 2025, the unsold housing inventory decreased by approximately 3 million square meters from October, reflecting the effectiveness of supply-side and demand-side policies [2] Group 2: Policy Measures - Various local governments have implemented effective measures to stabilize the real estate market, such as easing purchase conditions for non-local families in Beijing [4] - Qingdao City offers substantial housing subsidies for graduate students to attract talent, with subsidies of 300,000 yuan for PhD holders and 200,000 yuan for master's degree holders [4] - Hangzhou initiated a "housing + consumption voucher" subsidy program, leading to increased visitor and transaction volumes in related projects [4] Group 3: Transition and Development - The real estate sector is undergoing a transformation towards high-quality development, with 38 cities promoting the self-renewal of old housing and 42 cities piloting safety management for housing [7] - In 2025, 2.71 million urban old residential units were renovated, with an investment of 1,332 billion yuan, indicating a focus on urban renewal and quality improvement [7] - The industry is encouraged to align housing supply with population movement and industrial development to meet diverse housing needs [8]