1月房价环比降幅总体收窄

Core Viewpoint - In January, the sales prices of commercial residential properties in 70 large and medium-sized cities in China showed a narrowing decline on a month-on-month basis, while year-on-year prices continued to decrease [1] Group 1: New Residential Prices - In January, the sales prices of new commercial residential properties in first-tier cities decreased by 0.3% month-on-month, consistent with the previous month [1] - Among first-tier cities, Shanghai remained flat, while Beijing, Guangzhou, and Shenzhen saw declines of 0.3%, 0.6%, and 0.4% respectively [1] Group 2: Second-hand Residential Prices - The month-on-month decline in second-hand housing prices in first, second, and third-tier cities narrowed in January [1] - First-tier cities experienced a 0.5% month-on-month decrease in second-hand residential prices, which is a reduction of 0.4 percentage points compared to the previous month [1] - Specifically, Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 0.2%, 0.4%, 0.7%, and 0.6% respectively [1] Group 3: Year-on-Year Price Changes - Year-on-year, the sales prices of new commercial residential properties in first-tier cities fell by 2.1% in January, with the decline expanding by 0.4 percentage points from the previous month [1] - Shanghai saw an increase of 4.2%, while Beijing, Guangzhou, and Shenzhen experienced declines of 2.4%, 5.3%, and 4.9% respectively [1] - For second-hand residential prices, the year-on-year decline in first-tier cities was 7.6%, with the decline expanding by 0.6 percentage points compared to the previous month [1] - The specific year-on-year declines for Beijing, Shanghai, Guangzhou, and Shenzhen were 8.7%, 6.8%, 8.3%, and 6.5% respectively [1]