Core Viewpoint - The article discusses the challenges ordinary people face in purchasing homes, emphasizing that homeownership often requires significant financial sacrifice and long-term debt, making it increasingly difficult for the average person to afford housing [1][3][4]. Group 1: Housing Affordability - Most ordinary people are unable to afford homes without taking on long-term loans, often spanning 30 years, to secure a place to live and provide education for their children [3][10]. - The current housing prices are deemed unaffordable, with many individuals expressing a desire for prices around 2000 yuan per square meter, which is considered acceptable for the average person [7][9]. - Even with a stable income of 10,000 yuan per month over a 40-year career, an individual would only earn approximately 4 million yuan, making it challenging to afford a home that costs over 1 million yuan [9][10]. Group 2: Consumer Behavior - The financial burden of homeownership has led to a reluctance among ordinary people to spend money, as they prioritize saving for emergencies rather than engaging in what is perceived as excessive consumption [13][22]. - The average income for many individuals is between 3,000 to 5,000 yuan, with those earning over 10,000 yuan considered to have a high income, further complicating the ability to purchase homes [17][18]. - The necessity of homeownership for marriage and children's education drives some individuals to buy homes despite the financial strain, as it is seen as essential for family stability [25][30]. Group 3: Market Dynamics - The article notes that the current real estate market is not viewed as a viable investment for ordinary people, as purchasing a home is often seen as a loss rather than a gain [30]. - There is a distinction between ordinary buyers and those who have capitalized on market opportunities to upgrade their homes, indicating a divide in the housing market based on financial capability [27][29]. - The ongoing demand for property transactions can be observed through the number of people applying for property certificates, suggesting that despite challenges, there remains a persistent interest in home buying [31].

12月15日，国家统计局公布了11月70个大中城市商品住宅销售价格变动情况。数据显示，11月70个大中城市中，新房价格环比上涨的 城市增至8个。 值得注意的是，上海、杭州、合肥新房价格同比涨幅居前，其中上海涨幅达到5.1%，杭州为3%，合肥为1.3%。 视觉中国图 一线城市二手房：价格环比仍继续回调 国家统计局数据显示，11月，一线城市二手住宅销售价格环比继续回调，北京、上海、广州和深圳环比分别下降1.3%、0.8%、1.2%和 1.0%。二线城市二手住宅销售价格环比下降0.6%，降幅与10月相同；三线城市二手住宅销售价格环比下降0.6%，降幅收窄0.1个百分 点。 国家统计局城市司首席统计师王中华在解读数据时指出，11月，一线城市新建商品住宅销售价格环比下降0.4%，降幅比上月扩大0.1个 百分点。其中，上海上涨0.1%，北京、广州和深圳分别下降0.5%、0.5%和0.9%。二、三线城市新建商品住宅销售价格环比分别下降 0.3%和0.4%，降幅均收窄0.1个百分点。 从同比来看，11月，一线城市新建商品住宅销售价格同比下降1.2%，降幅比上月扩大0.4个百分点。其中，上海上涨5.1%，北京、广州 和深圳分别 ...

Core Viewpoint - The Shanghai real estate market has shown a positive recovery trend in the first half of 2025, driven by the implementation of various policies and an increase in housing demand [1][4]. Market Performance - In the first six months of 2025, Shanghai's total housing transactions reached 13.11 million square meters, marking a 17% increase year-on-year, the highest for the same period since 2022 [1]. - The new housing market remained stable, with a total transaction of 3.26 million square meters, showing a year-on-year stability [1]. - The average daily transaction volume for available projects increased by 38% compared to the same period in 2024, reaching approximately 10,000 square meters [1]. Luxury and Second-hand Housing Market - The luxury housing market saw significant activity, with 1,096 new housing transactions priced at 30 million yuan and above, totaling 55.3 billion yuan, a 184% increase from 19.4 billion yuan in the first half of 2023 [2]. - The second-hand housing market also thrived, with a total transaction of 9.85 million square meters (116,000 units), a 24% year-on-year increase, the highest since 2022 [3]. - The second-hand housing price index has risen by 1.3% since the implementation of the "沪七条" policy [3]. Market Dynamics - The demand for high-quality and well-located properties has been strong, with over 65% of new projects in the outer ring area achieving a subscription rate exceeding 1 [2]. - The market has shown a clear differentiation in subscription rates, with high-demand projects characterized by favorable locations and strong product appeal [2]. - The overall market sentiment indicates a robust recovery, with policies effectively stimulating housing demand and supply adjustments [4].