Castlelake, owner of a 79% stake in AEDAS, has signed an irrevocable agreement to sell its stake to Neinor for €24.485/sh (€21.335/sh post div.) Acquisition of a premium portfolio with c.€2bn GAV (c.20,200#) at a c.30% NAV discount Conservative underwriting targeting a +20% IRR and 1.8x MOIC, implying significant de-risking and acceleration of Neinor’s Strategic Plan 2023-27: Highly accretive transaction, driving €150mn Earnings uplift over 2025-27 (+40% vs Strategic Plan target and c.+25% on EPS), and ...

Investment Rating - The report indicates a continued downturn in China's property market, with expectations of a decline in property activities in 2025, albeit less severe than in 2024 [51]. Core Insights - Home purchase intentions have weakened overall, with tier 1 cities stabilizing while lower-tier cities, particularly tier 2 and tier 3, have seen a more significant decline [2][7]. - The survey reveals that 42% of respondents expect housing prices to decline further in the next 12 months, with a notable increase in homeowners reporting paper losses [3][30]. - The report emphasizes the need for government intervention through pro-growth policies, further mortgage rate cuts, and support for developers to boost market sentiment [4][51]. Summary by Sections Home Purchase Intentions - The latest survey shows a decrease in home purchase intentions, with only 20% planning to buy in the next two years, down from previous surveys [7]. - Among current renters, 73% prefer to rent rather than buy, marking the highest inclination since the survey began [7][40]. Housing Price Outlook - 42% of respondents anticipate further declines in housing prices, with 47% expecting a drop of less than 10% and 37% expecting a decline of 10-20% [3][23]. - Official data indicates a 10% decline in new residential prices and a 17% decline in secondary residential prices from peak levels [22]. Market Confidence and Economic Factors - The report notes that government policy easing has slightly improved market confidence, with fewer respondents expressing a lack of confidence compared to previous surveys [18]. - Key factors affecting confidence include lower mortgage rates, reduced down payment requirements, and expectations of further price declines [18][49]. Consumer Sentiment and Wealth Effect - The negative wealth effect from declining housing prices is likely to suppress household consumption, as 47% of homeowners report paper losses [30]. - The report highlights that housing stock value constitutes a significant portion of household assets, further impacting consumer sentiment [30]. Policy Recommendations - The report suggests that the government should implement more supportive policies to address stalled projects and enhance financing for both developers and home buyers [4][51]. - It emphasizes the importance of addressing bottleneck restrictions in the destocking program to improve market conditions [51].

Core Viewpoint - The article highlights the harsh reality of the real estate market, particularly the wealth transfer occurring in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen, where property prices are rising even for older homes, while suburban new homes are depreciating significantly [2] Group 1: Buying Strategies - Buy Old: Focus on purchasing existing homes or newly built homes that are ready for occupancy to avoid risks associated with unfinished properties [4][7] - Buy Big: The demand for larger homes (120㎡ and above) is increasing due to their practicality and comfort, especially after the implementation of the "90/70" policy, which mandates that 70% of new homes must be under 90㎡ [11][12] - Avoid Three: Certain types of properties, such as seaside homes, vacation homes, and older buildings over 20 years, are considered risky investments due to high vacancy rates and maintenance costs [19][23][25] Group 2: Market Trends - Wealth Transfer: The article notes a clear trend of wealth moving towards core urban areas, with even the least desirable properties in these locations experiencing price increases of around 2% [2] - Increased Demand for Large Units: The article indicates a significant rise in the transaction volume of larger units, as they are perceived as more valuable and easier to sell in the future [11][17] - Risks of Certain Property Types: Properties that are categorized as "conceptual" or located in less desirable areas are highlighted as potential financial burdens, with high maintenance costs and low resale value [19][25][27]

在目前宁波的房产市场，对于没有买卖打算的朋友来说，基本都是通过一些数字变化来感知涨落。 不过最近，东论网友@水丝却通过一则分享贴，带大家详细感受了 这两年里作为一个卖方的心态变化。 先说结论，努力了两年，跌价超过30万，但房子依然没有卖掉。 接下来，我们来看看他具体经历了什么。 @水丝表示，他手上的房子户型很小，房产证面积34.8平，使用面积大概25、6平，是曙光中学的学区房。 2011年6月份交付，名字也是大家诟病的所谓公寓，但是房产证却是住宅。2020年6月@水丝购入这间房，当时价格超过了100万元。 锁了两年以后，2023年初有人出价114万元想要购买，但当时房子在出租，虽然他跟租客在合同里约定过，租房期间需要配合看房，但当时租客改了密 码，不愿意说，楼主在外面出差，催了几次无果，这事儿就不了了之了。 当时楼主还抱着无所谓的态度，可他也没想到，后来的几年，房子一直陆陆续续挂出售卖，价格也从100多万，降到90万，再到80万，最后到跌破80万。 现在每个月还是会有人来看，但最终都没有结果。 所以当下回想起来，他对当时决定感到非常后悔。 图片来源：安居客 两年来，@水丝也总结了房子卖不出的几个原因：第一，虽 ...

买房，是人生大事； 多少打工人，都梦想在大城市，有一套属于自己的房子，不必频繁租房搬家，有一个稳定的居所，大部 分受限于荷包单薄，即便买房，也能买小户型的。 可是，斯是陋室，惟吾德馨，再小的房子，也是自己的家，用心装饰下，也让它充溢烟火与美好； 例如，本期要分享的内容，是博主@苏悠悠 ，香港一姑娘的房子火了，12㎡小屋首付仅90w，网友：好 高级，好想住进去，下面一起看看吧。 博主说，香港的房价很高，这样小小的房子，就要400W，她已经入住三年了，首付80W，基本上每个 月的月供1.4W。 而她之所以选择这个房子的原因，就是因为采光非常好，在最外侧有一个小小的阳台，占道不到一平 米，但是，一拉开窗帘，洋洋洒洒的阳光就可以充溢整个空间，暖洋洋的，非常美好； 小小的家，只要好好收拾，干干净净，住起来也是挺舒服。 房子的布局也非常简单，打开门就是玄关，说是玄关，其实就是在靠近大门的位置，放了一个收纳柜， 所有的鞋子都可以放在里面，不必乱放、磕碰，阻碍通行； 越过大门就是厨房了，也等同于一个小吧台，开放式设计，咖啡机、豆浆机、电磁炉、微波炉都直接放 在台面上，其它物品则放在收纳柜里面，有种小而美的感觉。 走往前走就是 ...

Core Insights - The article discusses three types of properties that are expected to be valuable investments over the next five years, supported by data and policy analysis [1] Group 1: Property Types - First type: Core location new or small apartments, particularly in city centers where land supply is limited, leading to significant price increases, such as a 50% rise in Xiamen's new properties [3][4] - Second type: Quality school district properties, which must meet the criteria of being in top school districts and being relatively new; for example, properties in Shanghai's dual school districts are still in high demand despite concerns about older school district properties [4][5] - Third type: Properties in emerging areas along future subway lines, with significant price appreciation expected before and after the subway opens, such as a projected 30% increase in property prices along the planned subway line in Shenyang [6][7] Group 2: Underlying Logic - Policy direction: The central government is promoting urban renewal, benefiting core new properties and subway-planned areas, with 300 cities initiating urban village renovations [7] - Population flow: There is a continued influx of people into first-tier cities, while third and fourth-tier cities are experiencing population outflows, with a 45% year-on-year increase in second-hand home transactions in first-tier cities [8] - Housing upgrades: New residential project standards are enhancing the competitiveness of new and emerging area properties, including requirements for higher ceilings and better sound insulation [8]

上海过江地铁一站路，房价便宜上百万...... 你是否经常在网络上听到这样一句话，说的就是老闵行黄浦江对面的奉贤西渡！ 虽然上海地铁5号线，老闵行的江川路和奉贤的西渡只是相差一站路，但是两个板块的房价却是完全两个概念. 我们在房产网站上可以看到，老闵行这边的二手房均价在将近4万左右一平米，而西渡这边的均价才2万5左右一平米，这完全是一个天上一个地下。 奉贤西渡，这里步行到地铁站几百米的小区，老房子的小户型八九十万就能买到一套。 那么你是愿意呆在闵行还是奉贤呢? 现实中很多人买在西渡的，都是考虑到闵行或市区方向的通勤，闵行和市区的预算不够，只能退而求次选择西渡了，也可以说是经济条件下的迫不得已， 但内心肯定是倾向于闵行，因为毕竟地段不一样，生活配套，医疗和教育资源也不一样。 虽然有很多人说老闵行现在没有了以往的辉煌，但毕竟瘦死的骆驼比马大。 甚至还有人说西渡的位置比宇宙中心大南桥还要好，只是城市界面不如南桥。 这说的不是废话吗？ 如果拿金汇出来和西渡比一比还能有点争议，但是和南桥比，除了离市区更近一些，好像找不到任何优势，对了那就是房价上占点优势！ 所以这也是房价低的原因...... 可以说是上海最便宜的地铁房 ...

Core Viewpoint - Opendoor Technologies Inc. is seeking shareholder approval for a reverse stock split to support long-term shareholder value and maintain its Nasdaq listing [2][3]. Group 1: Company Actions - The Board of Directors has proposed a reverse stock split of common stock at a ratio between 1-for-10 and 1-for-50, with the exact ratio to be determined by the Board [2]. - The decision to implement the reverse stock split will depend on various factors, including market conditions and the trading price of the common stock [3]. Group 2: Company Background - Opendoor is a leading e-commerce platform for residential real estate transactions, aiming to provide a simple and certain way for people to buy and sell homes [5]. - The company has been operational since 2014 and currently serves markets across the United States [5]. Group 3: Upcoming Events - A Special Meeting of Stockholders is scheduled for July 28, 2025, at 9:30 a.m. Pacific Time to discuss the proposed amendments [1][4].

不都说一线城市房价不会掉坑里吗？为啥现在一线城市的房价也在下降呢？ 有网友兴奋的发帖称，南京的房子终于卖掉了，你猜猜我血亏了多少？ 现在的房子真的成了不动产吗，哪个能够顺利把房子卖掉，不仅要亏老本，还要给中介丰厚的佣金。 网友称10年前在南京买的房子房款花了180万，硬装修花了20万，再加上房贷利息8年40万，总价成本在240万左右。昨天迷迷糊糊，懵懵懂懂中把这套房子 给成交了。 因为现在换了城市工作，南京的房子就控制在那里，所以没办法只能卖掉。 全款180万买的，10年后119万成，加上利息，加上装修，那相当于就是腰斩，这几年赚的钱省吃俭用，这钱就是这么没有的。 鬥，一午自击米IZ月上父石凶豕。我 们这一代人真的太不容易了。#南京 楼市# 念@70后范姐看世界 All Production of the States of the Property t and and the manufacture of the may be the may be the may be the county of the may be the may be the county of the co Transmitting ...

二手房市场再降温，5月，杭州十区共成交二手房7716套，环比4月的9421下滑18.1%，也不及去年的5月的8254套，同比下滑6.5%。 除了成交量下滑以外，改善退潮也是5月二手房市场的特点之一。根据杭州贝壳研究院的数据，总价400万元以上的房源，5月成交占比环比4月均有所下 滑，其中500万元-800万元的价位段成交占比下滑最多，为1.6个百分点。总价400万元以下的刚需二手房，成交占比有所提升。 | | | 2025年5月杭州二手网签量TOP20房源 | | | | --- | --- | --- | --- | --- | | 序号 | 小区名称 | 商圈名称 | 网络 (章) | 网签均价 (元/平米) | | 1 | 杭与城 | 未来科技城 | 25 | 31720 | | 2 | 绿城桃源小镇 | 闲林 | 20 | 26936 | | 3 | 杭曜置地中心一区 | 甲花 | 19 | 45890 | | 4 | 成否是汇城 | 青山湖科技城 | 18 | 10622 | | 5 | 万科良渚文化村白鹭郡南 | 良渚 | 18 | 23777 | | 6 | 竹海水韵 | 闲休 | 17 | 1 ...