在存贷利率"双降"的背景下，租金回报率一直是市场热议的话题。 近日，记者走访发现，除了传统的商务公寓，一些普通住宅的租金回报率也持续上升，甚至直逼房贷利率。越来越多手里有房的业主和购房者都在思考：继续当房 东收租金还是将房子降价出手？"买房收租"是否划算？ 租金回报率不断回升 近日，国家统计局发布的《2025年10月份70个大中城市商品住宅销售价格变动情况》数据显示，四大一线城市的新房市场只有上海保持同比增长，涨幅为0.3%，北 京、广州和深圳分别下降0.1%、0.8%和0.7%。二手房市场方面，全国70个大中城市无一城环比、同比出现价格上涨。 与房价的表现不同，麟评居住大数据研究院监测数据显示，2025年上半年重点50城租金回报率已经达到2.08%。中指研究院提供的数据显示，截至今年10月北上广 深四个一线城市的租金回报率分别为1.52%、1.73%、1.68%、1.52%。而在今年4月，上述数据分别为1.49%、1.68%、1.63%、1.49%。 由此可见，目前一线城市和其他重点城市的租金回报率已经超过大型银行1年期甚至3年期的定期存款利率。此外，记者在深圳市场走访时发现，不仅是传统的商务 公寓，越来越 ...

（原标题：中指研究院：短期重点城市二手住宅价格或延续调整态势） 智通财经APP获悉，中指研究院表示，今年前10月，重点城市二手住宅累计成交量普遍保持小幅增长态 势，10月市场活跃度有所下降。预计11月二手住宅成交量环比将有所修复，但去年高基数下同比仍面临 一定压力，短期价格或延续调整态势。 政策层面，10月28日，《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》正式发布， 《建议》在民生保障与共同富裕章节明确提出要"推动房地产高质量发展"，并部署构建房地产发展新模 式、优化保障房供给、因城施策增加改善性住房供给、建设"好房子"、建立房屋全生命周期安全管理制 度等五大任务。同时，《建议》在大力提振消费中提出要清理汽车、住房等消费不合理限制性措施。此 外，随着城市发展进入存量提质增效阶段，《意见》在新型城镇化部分再次强调要"大力实施城市更 新"，而盘活用好低效用地、闲置房产等也成为完善要素市场化配置重要内容。 地方层面，10月，多地针对"好房子"建设落地优化政策，成都发文对建筑设计规划、计容规则等进行规 范；深圳发文稳妥推进《住宅项目规范》实施，报批建筑高度超80米的住宅项目需征求消防救援部门意 见； ...

Group 1 - In October 2025, the sales prices of new residential properties in major cities showed a month-on-month decline across all tiers of cities [2] - The month-on-month sales price of new residential properties in first-tier cities decreased by 0.3%, with Shanghai increasing by 0.3% while Beijing, Guangzhou, and Shenzhen saw declines of 0.1%, 0.8%, and 0.7% respectively [3] - Second-tier cities experienced a month-on-month decline of 0.4% in new residential property prices, while third-tier cities saw a decline of 0.5%, which is an increase in the rate of decline by 0.1 percentage points [3] Group 2 - Year-on-year, the sales prices of new residential properties in first-tier cities fell by 0.8%, with the decline rate widening by 0.1 percentage points compared to the previous month [4] - In first-tier cities, the year-on-year sales prices of second-hand residential properties decreased by 4.4%, with the decline rate expanding by 1.2 percentage points compared to the previous month [4] - Second-tier cities saw a year-on-year decline of 5.2% in second-hand residential property prices, while third-tier cities experienced a decline of 5.7%, maintaining the same rate of decline as the previous month [4] Group 3 - The price index for new residential properties in 70 major cities in October 2025 indicates a consistent downward trend across various cities, with specific cities showing varying rates of decline [5][6] - The average price index for new residential properties from January to October 2025 compared to the same period last year shows a general decrease across most cities, reflecting a broader market trend [5][6]

在刚刚过去的"银十"，全国各大城市房价走势如何？ 从房价同比上涨的城市来看，有7个城市实现同比上涨，分别为上海、杭州、合肥、南宁、成都、乌鲁木齐和宜昌。其中，上海新房 房价同比上涨5.7%，同样领涨全国。 从一线城市在"金九银十"的表现来看，除上海外，北京新房房价在"金九"有所上涨，但在"银十"又有所回落；而深圳、广州两城的 房价处于下降趋势中。 11月14日，国家统计局发布70城房价数据。国家统计局城市司首席统计师王中华解读称："10月份，70个大中城市中，各线城市商品 住宅销售价格环比和同比均下降。" 6城新房房价环比上涨，上海涨幅居首 据国家统计局数据，10月份，一线城市新建商品住宅销售价格环比下降0.3%，降幅与上月相同。其中，上海上涨0.3%，北京、广州 和深圳分别下降0.1%、0.8%和0.7%。二线城市新建商品住宅销售价格环比下降0.4%，降幅与上月相同。三线城市新建商品住宅销售 价格环比下降0.5%，降幅扩大0.1个百分点。 广东省住房政策研究中心首席研究员李宇嘉分析称："10月份，新房价格环比跌幅扩大，在一、二线城市房价降幅与上月相同的情况 下，主要是三、四线城市新房价格跌幅扩大所致。需要注 ...

张波指出，今年11-12月份，房企为了完成年度业绩目标，将加大"以价换量"力度，叠加地方政府可能 推出的补贴相关政策，预计新房在成交价格下行的同时会带来成交量上升，其中核心24城增量将表现明 显。 11月14日，国家统计局发布《2025年10月份70个大中城市商品住宅销售价格变动情况》。根据国家统计 局数据，2025年10月份，全国70个大中城市中，各线城市商品住宅销售价格环比和同比均下降。 核心24城新房成交增量将表现明显 10月份，一线城市新建商品住宅销售价格环比下降0.3%，降幅与上月相同。其中，上海上涨0.3%，北 京、广州和深圳分别下降0.1%、0.8%和0.7%。一线城市新建商品住宅销售价格同比下降0.8%，降幅比 上月扩大0.1个百分点。其中，上海上涨5.7%，北京、广州和深圳分别下降2.0%、4.2%和2.6%。 值得关注的是，一线城市改善需求依然稳定。"从统计局数据来看 ，90-144平方米新建商品住宅价格环 比稳定性最优，结合58安居客研究院监测线上 90-120平方米户型找房占比29%、120-140平方米占比 21.1% ，可以看出改善型需求成为成交核心支撑。"58安居客研究院院长张波 ...

11月14日，国家统计局公布数据显示，10月份，70个大中城市中，各线城市商品住宅销售价格环比和同比均下降。 新房方面，10月份一二线城市新房环比降幅基本持稳、同比降幅持续收窄。 "10月份房价指数同比跌幅持续收窄，显示房价走势处于积极良性的调整过程中，既说明当前购房的性价比非常高，同时也说明筑底回稳、稳中向好 的基础更加牢固。"上海易居房地产研究院副院长严跃进分析称。 从环比看： 一线城市新建商品住宅销售价格环比下降0.3%，降幅与上月相同。其中，上海上涨0.3%，北京、广州和深圳分别下降0.1%、0.8%和0.7%。 二线城市新建商品住宅销售价格环比下降0.4%，降幅与上月相同。 三线城市新建商品住宅销售价格环比下降0.5%，降幅扩大0.1个百分点。 从同比看： 一线城市新建商品住宅销售价格同比下降0.8%，降幅比上月扩大0.1个百分点。其中，上海上涨5.7%，北京、广州和深圳分别下降2.0%、4.2%和 2.6%。 | 城市 | | 环比 | 同比 | | 1-10月平均 | | | 环比 | 同比 | 1-10月平均 | | --- | --- | --- | --- | --- | --- | -- ...

每日经济新闻 （责任编辑：王治强 HF013） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每经AI快讯，11月14日，国家统计局数据显示，10月份，一线城市新建商品住宅销售价格同比下 降0.8%，降幅比上月扩大0.1个百分点。其中，上海上涨5.7%，北京、广州和深圳分别下降2.0%、4.2% 和2.6%。二线城市新建商品住宅销售价格同比下降2.0%，降幅收窄0.1个百分点。三线城市新建商品住 宅销售价格同比下降3.4%，降幅与上月相同。 10月份，一线城市二手住宅销售价格同比下降4.4%，降幅比上月扩大1.2个百分点。其中，北京、 上海、广州和深圳分别下降4.7%、3.4%、6.4%和3.3%。二线城市二手住宅销售价格同比下降5.2%，降 幅扩大0.2个百分点。三线城市二手住宅销售价格同比下降5.7%，降幅与上月相同。 ...

10月份，一线城市二手住宅销售价格环比下降0.9%，降幅比上月收窄0.1个百分点。其中，北京、上 海、广州和深圳分别下降1.1%、0.9%、0.9%和0.9%。二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。三线城市二手住宅销售价格环比下降0.7%，降幅扩大0.1个百分点。 国家统计局：10月份，一线城市新建商品住宅销售价格环比下降0.3%，降幅与上月相同。其中，上海 上涨0.3%，北京、广州和深圳分别下降0.1%、0.8%和0.7%。二线城市新建商品住宅销售价格环比下降 0.4%，降幅与上月相同。三线城市新建商品住宅销售价格环比下降0.5%，降幅扩大0.1个百分点。 ...

Core Insights - The central viewpoint of the report indicates a significant decline in public confidence regarding future housing prices, with only 9.1% of respondents expecting an increase in the next quarter, while 23.5% anticipate a decrease [1][3]. Group 1: Market Sentiment - The survey, conducted across 50 cities with 20,000 respondents, shows that the proportion of residents expecting housing price increases has fallen below 10% for two consecutive quarters, indicating a lack of belief in price growth [3]. - Historical data reveals three notable declines in housing price expectations since 2019, with the most recent drop occurring from Q2 2025, where the percentage of those expecting price increases fell to 8.9% [5]. Group 2: Economic Indicators - The report highlights a downward trend in residents' income and employment perceptions, correlating with the decline in housing price expectations [5]. - In Q3 2025, only 19.2% of residents preferred "more consumption," a decrease of 4.1 percentage points from the previous quarter, while 62.3% favored "more savings" [7]. Group 3: Changing Consumer Behavior - The preference for "home buying" has dropped out of the top five spending choices for the first time in three quarters, contrasting with its previous consistent ranking among the top four choices [9]. - The actual housing prices are also declining, with new residential sales prices in 70 major cities dropping by 0.53% month-on-month in March 2025 [9]. Group 4: Demographic Trends - A significant demographic shift is noted, with a predicted reduction of 21 million potential homebuyers by 2030, as the total population has declined for three consecutive years [11][13]. - The average housing price-to-income ratio in major cities is alarmingly high, with first-tier cities reaching 18.2, indicating a severe mismatch between housing prices and residents' purchasing power [15].

Core Viewpoint - The focus of China's real estate development is shifting towards improving people's livelihoods, with "promoting high-quality real estate development" now framed within the context of enhancing and securing living standards [1][11]. Group 1: Policy Changes - The new five-year plan emphasizes a strategic upgrade from addressing housing shortages to enhancing living quality and promoting social equity [1]. - The evaluation criteria for the real estate industry will transition from investment and sales scale to meeting people's aspirations for quality housing and better living conditions [2]. Group 2: Market Dynamics - The new model for real estate development is prioritized, indicating a necessary shift in the industry [3]. - The cumulative sales of new residential properties during the "14th Five-Year Plan" period are projected to reach approximately 5 billion square meters, with the market moving from a focus on new construction to urban renewal [3]. Group 3: Structural Reforms - Comprehensive improvements are needed in the foundational systems of real estate development, financing, and sales [4]. - Key reforms include changes to the pre-sale system, enhancing housing quality, diversifying financing channels such as REITs, and adjusting purchase and loan policies [5]. Group 4: Housing Security - The focus on "housing security" aims to optimize the supply of affordable housing to meet the basic needs of urban workers and disadvantaged families, with over 11 million units of various types of affordable housing planned during the "14th Five-Year Plan" [8]. - The "15th Five-Year Plan" is expected to place greater policy emphasis on the scale, regions, and product structure of affordable housing [9]. Group 5: Market Adaptation - The market is responding to the need for "suitable living conditions," with an increase in the supply of improved housing based on local conditions [10]. - By the third quarter of 2025, the proportion of housing transactions in key cities for larger units (120-144 square meters) is expected to rise to 30%, indicating a shift towards larger homes in the new housing market [10]. Group 6: Industry Implications - Real estate companies must adhere to the principles of "housing security and quality living" by constructing safe, comfortable, green, and smart homes, as well as participating in the renovation of old neighborhoods and communities [12]. - The ongoing changes in the market landscape necessitate that the high-quality development of the real estate sector is crucial not only for the companies involved but also for the future living conditions of individuals [12].