行业透视｜稳市场重大进展：一二手总成交量实现同比回正——据自然资源部披露不动产登记数据测算

Core Viewpoint - The recent data released by the Ministry of Natural Resources indicates a significant recovery in the real estate market, particularly in the second-hand housing sector, driven by policy reforms and market dynamics [2][10]. Group 1: Real Estate Transaction Data - In Q1 2025, the number of second-hand housing transfer registrations increased by 34.7% year-on-year, reaching 1.646 million transactions, while new housing transfer registrations decreased by 12.1% to 2.387 million [2][3]. - The total transaction volume of both new and second-hand homes in Q1 2025 reached 3.83 million units, reflecting a 10% year-on-year growth [4][10]. Group 2: Policy Impact on Market Efficiency - The "land transfer, housing transfer, and certificate issuance" reform has expanded significantly, with over 8,500 new projects launched in Q1 2025, benefiting 1.7 million enterprises and individuals, which is five times the coverage compared to the same period in 2024 [6][10]. - This reform has streamlined processes and reduced certificate issuance times, enhancing market efficiency and alleviating financial pressure on enterprises [6]. Group 3: Increase in "Mortgage Transfer" Transactions - In Q1 2025, there were 71,000 new "mortgage transfer" transactions, involving 71.7 billion yuan, with a monthly average of 24,000 transactions, marking a 163% increase in volume and a 68% increase in value compared to the same period in 2024 [9][10]. - The proportion of second-hand transactions utilizing "mortgage transfer" has risen to 4.3%, up from 1.6% in the previous year, indicating a broader acceptance of this method among buyers [9][10].