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【房地产】1-2月核心城市楼市成交量价齐升,阳春三月值得期待——光大核心城市房地产销售跟踪(2025年2月)(何缅南/韦勇强)
光大证券研究·2025-03-18 08:57

Core Viewpoint - The real estate market in key cities shows a mixed performance in new and second-hand housing transactions, with significant year-on-year growth in transaction volumes but varying price trends across different cities [3][4][5]. New Housing Market - In February 2025, the transaction area of new residential properties in 30 core cities reached 8.21 million square meters, a year-on-year increase of 22.5% but a month-on-month decrease of 20.0% [3]. - For the first two months of 2025, the total transaction area was 18.46 million square meters, reflecting a year-on-year growth of 5.7% [3]. - The average transaction price for new residential properties in the first two months was 23,769 yuan per square meter, up 7.3% year-on-year [3]. Second-Hand Housing Market - In February 2025, the transaction area of second-hand residential properties in 15 core cities was 9.99 million square meters, showing a year-on-year increase of 75.2% [4]. - For the first two months of 2025, the total transaction area was 21.45 million square meters, with a year-on-year growth of 23.1% [4]. - The average transaction price for second-hand residential properties in the first two months was 24,620 yuan per square meter, a slight increase of 0.9% year-on-year [4]. Key Cities Performance - The average transaction price for new homes in key cities for the first two months was as follows: Beijing at 54,385 yuan per square meter (up 21.0%), Shanghai at 77,682 yuan (up 15.7%), Guangzhou at 32,456 yuan (down 13.1%), and Shenzhen at 60,028 yuan (down 5.0%) [5]. - The average transaction price for second-hand homes in key cities was: Beijing at 28,202 yuan per square meter (up 0.2%), Shanghai at 39,150 yuan (up 1.0%), Guangzhou at 27,502 yuan (down 6.2%), and Shenzhen at 58,381 yuan (down 1.8%) [5].