中国房地产指数系统百城价格指数报告（2024年12月）

Investment Rating - The report indicates a neutral outlook for the real estate market, suggesting that the market is still in a bottoming phase with potential for recovery in 2025 [4][3]. Core Insights - In December 2024, the average price of new residential properties in 100 cities increased by 0.37% month-on-month and 2.68% year-on-year, reaching 16,654 CNY per square meter [2][5]. - The average price of second-hand residential properties in the same cities decreased by 0.53% month-on-month and 7.26% year-on-year, standing at 14,203 CNY per square meter [9][10]. - The average rental price in 50 cities fell by 0.55% month-on-month and 3.25% year-on-year, averaging 35.4 CNY per square meter per month [14][15]. Summary by Sections New Residential Prices - The average price of new residential properties in December 2024 was 16,654 CNY per square meter, with 46 cities experiencing price increases and 41 cities seeing declines [2][5]. - First-tier cities saw a month-on-month increase of 0.80% and a year-on-year increase of 5.82%, while second-tier cities increased by 0.24% and 1.87% respectively [5][6]. Second-hand Residential Prices - The average price for second-hand residential properties was 14,203 CNY per square meter, with 98 cities reporting price declines [9][10]. - The largest month-on-month decline was observed in cities like Huai'an, with a drop of 1.72% [10][11]. Rental Prices - The average rental price across 50 cities was 35.4 CNY per square meter per month, with 45 cities reporting declines [14][15]. - The largest year-on-year rental price drop was in Wenzhou, with a decrease of 9.89% [16]. Policy Environment - Recent government meetings emphasized stabilizing the real estate market and implementing proactive fiscal and monetary policies to support recovery [3][4]. - Specific measures include promoting urban renewal and controlling new real estate land supply to stimulate demand [3][4].