开年看楼市：政策友好带动市场成交 购房需求释放供需关系趋于平衡

Group 1 - In January, Beijing's second-hand residential transaction volume reached 15,000 units, maintaining above this level for the second consecutive month since December 2025 [1] - Following the implementation of real estate policies on December 24, 2025, online inquiries increased by 11%, with corresponding rises in offline viewings and transaction volumes [3] - The new policies have lowered the barriers and costs for home purchases, encouraging more buyers, especially young people, to consider buying homes to meet their housing needs [3] Group 2 - From January 1, the value-added tax (VAT) on personal sales of homes under two years was reduced from 5% to 3%, and tax refund policies for upgrading homes were extended for two years, reducing transaction costs for property exchanges [7] - The timing of the 2026 Spring Festival, which is later in January, contributed to a year-on-year increase of over 20% in second-hand home transactions [9] - The Shanghai second-hand home transaction volume in January increased by over 24% year-on-year, with a total of 22,834 units sold, marking the third consecutive month above 22,000 units [10][12] Group 3 - In Shanghai, the number of second-hand homes listed for sale has been steadily declining, indicating a shift towards a more balanced supply-demand relationship [12][14] - The average transaction price for second-hand homes has shown signs of stabilization, with slight increases observed in both December 2025 and January 2026 [12] - Current market policies, including favorable credit conditions and lower down payment ratios, have positively impacted real estate transactions [14]