但市场对住房负担能力的改善空间仍持谨慎态度。安永投资预测机构EY Item Club首席经济顾问马特·斯 旺内尔表示，劳动力市场宽松可能导致工资增长放缓，且2026年抵押贷款利率大幅下降的空间有 限，"今年降息幅度很可能小于去年"。 哈利法克斯银行抵押贷款主管阿曼达·布莱登指出，12月房价月度下跌与2025年下半年的市场不确定性 密切相关，不过当前这一局面已开始缓解。她表示，抵押贷款利率下降叠加房价温和增长，有效提升了 首次购房者的负担能力，12月房价收入比已降至十多年来最低水平。 中新网伦敦1月8日电 (欧阳开宇 刘施岑)英国抵押贷款机构哈利法克斯银行8日发布数据显示，截至2025 年12月的12个月内，英国房价仅上涨0.3%，为2024年3月以来最疲软的年度涨幅，受年底经济前景与税 收政策不确定性拖累，房价环比连续两月下跌。 英国央行2025年12月已将基准利率从4%下调至3.75%，这是2025年第四次降息，自2024年8月开启降息 周期以来累计降息150个基点。目前投资者预计2026年央行可能再降息一至两次，每次幅度为0.25个百 分点，但货币政策委员会内部对降息路径仍存在分歧。 数据显示，2025年 ...

转自：新华财经 纽约梅隆银行：政治干预或引导美联储走向宽松，美元中长期贬值压力加剧 银河国际：经济疲软与低通胀施压，预计泰国2026年降息至0.75% Halifax：薪资增长与利率回落支撑房市，2026年英国房价涨幅有望小幅回升 【机构分析】 •MKS PAMP分析师指出，市场正权衡美国干预委内瑞拉及格陵兰潜在冲突等地缘政治风险，同时密切 关注美国宏观经济信号。投资者在关键非农就业数据发布前趋于谨慎。 •麦格理预测显示，2026年全球AI基础设施需求将持续超过供应，推动半导体上升周期延续至2027年； 存储芯片因供应短缺和价格波动，受益最为显著。 •纽约梅隆银行经济学家指出，美国政府试图主导货币政策方向，将推动美联储进一步宽松。尽管新主 席人选未定前政策或维持观望，但中长期看，美元面临贬值压力。源于政策宽松幅度更大、避险吸引力 下降及增长优势收窄。 •高盛分析师指出，2024年上半年债券可能成为多元化资产组合的拖累，因在股市下跌时难以提供显著 缓冲。正积极开发另类分散化工具和对冲手段以优化风险回报。债券在市场波动中缓冲效果有限，正全 力推进另类分散化工具研发，以应对债券表现对投资组合的负面影响。 •Horv ...

Core Viewpoint - The article discusses the recent land sales in Hangzhou, highlighting the competitive bidding and the implications for the real estate market in the region, particularly in the low-density residential sector [2][5][12]. Group 1: Land Sales Overview - On September 16, two low-density residential plots were sold in Hangzhou, with the Gongshu District plot sold for 1.33 billion yuan, won by Yuexiu Property at a 25.5% premium [2][5]. - The Qiantang District plot was sold for 790 million yuan, with a 1.28% premium, won by Xingyao Property [2][5]. Group 2: Detailed Land Information - The Gongshu District plot has an area of 34,165 m² and a planned building area of 64,913.5 m², with a starting price of 1.06 billion yuan and a final price of 1.33 billion yuan, resulting in a floor price of 20,490 yuan/m² [5][6]. - The Qiantang District plot covers 38,629 m² with a planned building area of 81,120.9 m², starting at 780 million yuan and selling for 790 million yuan, leading to a floor price of 9,773 yuan/m² [5][6]. Group 3: Market Dynamics - The Gongshu District plot is located in a prime area with good transportation links and strong educational and medical facilities, contributing to its high demand and rapid sales [5][10]. - The surrounding new housing market has shown strong performance, with recent projects achieving 100% sales on the day of launch, indicating a robust demand in the area [10][14]. Group 4: Price Trends - In August, Hangzhou's new home prices saw a month-on-month increase of 0.4%, ranking first nationally, while the second-hand home price index was at 99.9, second only to Changchun [12][14]. - The article notes that over the past year, the new home absorption cycle in the area has remained around one month, with all projects selling out within the launch month [14][15].

Core Viewpoint - The latest data from the National Bureau of Statistics indicates a mixed trend in new and second-hand housing prices across major cities in July, with some cities experiencing slight increases in new home sales prices while only one city saw an increase in second-hand home prices [1] New Home Sales Prices - In July, among 70 large and medium-sized cities, the cities with the highest month-on-month increase in new home sales prices were Shanghai and Urumqi, both with a rise of 0.3%, ranking first [1] - Sanya and Yichang followed with a month-on-month increase of 0.2%, ranking second [1] - Changchun and Changde had a month-on-month increase of 0.1%, ranking third [1] Second-hand Home Prices - Only one city, Taiyuan, experienced an increase in second-hand home prices, with a month-on-month rise of 0.2% [1]

Core Insights - The article highlights that lower interest rates have enhanced borrowing capacity, leading Australian buyers to focus on both affordable and high-end property markets [1][3] - There is a trend of price growth convergence across major Australian cities, with previously high-performing markets like Brisbane, Adelaide, and Perth seeing a slowdown, while Sydney and Melbourne are experiencing more stable growth [3][6] Price Growth Trends - The fastest-growing suburbs this year are primarily in smaller, more affordable markets, with significant price increases observed [4][5] - Rangeway in Western Australia saw a 19% increase in median price over six months, reaching AUD 334,000, while other affordable suburbs like Woodroffe and Menangle also experienced notable growth [4][5] - High-end suburbs are also witnessing price increases, with areas like Menangle in Sydney seeing a 16% rise to approximately AUD 1.19 million [5][6] Buyer Demand - There is a strong demand for properties in affordable areas, with some suburbs receiving over 100 inquiries per property [8][9] - High-end markets are also seeing robust interest, with properties in Bellevue Hill averaging 122 inquiries, indicating strong confidence in the luxury segment [9][10] Sales Velocity - Many properties in Adelaide are selling rapidly, with some being purchased within two weeks, reflecting a supply-demand imbalance [11][13] - The average sales time for properties across Australia is 37 days, with faster sales observed in major cities like Sydney and Melbourne [13]

Core Insights - The Bank of Korea Governor Lee Chang-yong indicated that housing prices in Seoul and surrounding areas are rising at a faster rate compared to last year [1] Group 1 - The increase in housing prices is a significant economic indicator for the real estate market in South Korea [1] - The trend suggests a potential shift in market dynamics, which could impact investment strategies in the real estate sector [1] - The rapid price growth may lead to increased scrutiny from regulators and policymakers [1]

Core Insights - Melbourne's house prices have declined for the second time in three years, with a 0.4% drop over the year ending in June [1] - High borrowing costs and a concentration of low-priced apartments have resulted in Melbourne's median house price being lower than smaller cities like Perth and Adelaide [3] - Sydney's house price growth has slowed to 1.3% year-on-year, down from 6.9% a year ago, due to an increase in housing supply and higher interest rates [3] Market Trends - The Reserve Bank of Australia has cut interest rates twice since February, which is expected to support house price increases moving forward [3][5] - The national quarterly growth rate for Australian house prices is 1.4%, up from 0.9% in the first quarter, indicating a potential annual increase of 5.8% for the year [3][5] - Investors and first-time homebuyers are competing in the mid to low-priced housing segment, which is likely to drive house prices up [7] Regional Performance - Darwin experienced the largest monthly increase in June, with house prices rising by 1.5% and a quarterly increase of 4.9%, reaching a median price of AUD 537,471, surpassing the previous peak from May 2014 [9] - Canberra followed with a monthly increase of 0.9%, while Perth, Brisbane, and Adelaide saw increases of 0.8%, 0.7%, and 0.5% respectively [10] - Hobart's house prices decreased by 0.2% [10] Affordability Issues - The average household in capital cities needs 10.6 years to save for a 20% deposit, with Sydney requiring 13.1 years and Adelaide 11.8 years [9] - Ongoing affordability issues are expected to shape the Australian real estate market, with many families being excluded from certain market segments [8]

Core Insights - The article highlights the rising property prices in Albion, a suburb of Melbourne, which has seen a median price increase of 5.2% over the last three months, making it one of the fastest-growing areas in terms of real estate value [3][4]. Group 1: Property Market Trends - Albion's median property value is reported at $733,127, with a quarterly increase of 5.2%, translating to an increase of approximately 36,537 AUD [4][3]. - Other suburbs in the western region of Melbourne, such as Ardeer and Keilor Downs, also experienced significant price increases, indicating a trend where more affordable housing options are gaining popularity [5][4]. - The overall trend shows that lower-end markets are performing better than high-end markets, attributed to construction costs and buyer preferences for ready-to-move-in homes [7]. Group 2: Comparative Analysis - The top ten suburbs with the highest price increases are predominantly located in the western region of Melbourne, with notable mentions including Knoxfield and Lysterfield, which saw increases of 5.2% and 4.9%, respectively [4][5]. - In contrast, high-end suburbs like Caulfield and Portsea experienced declines in property values, with Caulfield seeing a drop of 3.7% [6]. - The disparity in market performance suggests a shift in buyer behavior, with a growing interest in more affordable housing options outside the city center [7][9].