政策密集落地，真金白银"发红包" 2025年最后一个月，楼市迎来一波强力政策潮。从长三角到华南，多地政府接连出手，用真金白银补贴购房者——不是"画饼"，而是直接抵扣房款或现金发 放。 截至12月3日，常州、泉州洛江、南宁等地已明确公布新一轮购房资助细则，覆盖刚需、改善、新婚、多孩等多元群体。这不仅是稳楼市的信号，更是普通 人实实在在的"减负包"。 你是否也在观望？别急，我们帮你梳理清楚：哪些城市补得多？谁有资格拿？怎么申请最省心？ 最高20万，新房二手房都可享 12月1日，常州市住建局发布《进一步资助住房困难工薪群体购买商品住房公告》，将原有政策全面升级。最大亮点是：补贴上限提至20万元，且覆盖范围 从现房扩展到期房和二手房。 具体来看： 注意！申请者需满足：在常州无商品住房，或名下商品住房总面积≤75㎡（以产权证或备案合同为准）。 "卖旧买新"首次纳入激励机制 更令人惊喜的是，常州首次将"卖旧买新"纳入同步激励。如果你： 那么，你可将原购房资助的抵扣凭证再次用于新房款抵扣！这意味着，两次交易可共享政策红利，真正激活"以旧换新"链条。 不过要注意：不得新增购房人，且资金不直接发给个人，而是通过担保机构反向抵押 ...

那么2016年的上海楼市是什么行情呢？资料显示如下。首先看整体均价：上海市统计局数据显示，2016年上海新建住宅平均销售价25910元/平方米；若剔 除保障性住房，市场化商品住宅成交均价更高，房天下统计的全年商品住宅成交均价达38369元/平方米，同比2015年上涨18.85%。其次看环线梯度显著： 内环线以内新建住宅均价87426元/平方米，是核心高价区域；内外环线之间均价44984元/平方米，处于中端水平；外环线以外均价仅18127元/平方米，价 格相对亲民。再者是区县分化明显：黄浦区作为核心区域，商品住宅成交均价达104589元/平方米，位居全市首位；长宁、静安等中心城区均价也多在8万 元/平方米以上；而郊区如金山均价仅12905元/平方米，嘉定均价27292元/平方米，闵行则以40.02%的同比涨幅成为当年涨幅最高的区域。 目前越来越频繁的一种观点认为：2025年四季度的房价行情已回落至2016年的水平，当然这主要是对标今天更市场化的二手房市场而言，可能不同区域 有不同浮动。所以可以得出一个回答原则，即2016年以前买房的业主，今天仍然握有安全垫，他们在当下的"喊亏"更多是相比行情高点时刻的"少赚"而 ...

Core Viewpoint - The real estate market in 2025 is expected to be in the initial "stabilization" phase, characterized by a "softening decline" in volume and price, with various supply-demand adjustment policies facing implementation bottlenecks [1][2] Group 1: Market Performance - In 2025, the overall performance of the real estate market is influenced by expectations of stabilization, showing positive trends at the beginning of the year, but weakening in the second quarter [2] - The estimated total transaction volume for first and second-hand homes in 2025 is expected to decline by 5.0%, with new homes and second-hand homes decreasing by 6.9% and 2.6% respectively [3] - The cumulative price decline for second-hand homes remains consistent, while the average price decline for new homes is affected by structural factors [2][3] Group 2: Policy and Structural Adjustments - To accelerate the transition from "softening decline" to "stabilization," there are still bottlenecks in the implementation of various supply-demand adjustment policies, such as difficulties in reducing effective inventory through land storage and slow progress in urban village renovations [2] - The company emphasizes the need for the policy side to focus on preemptive measures to control derivative risks, including credit risks of real estate companies and pressures from mortgage defaults [2] Group 3: Future Projections - In a neutral scenario, the company anticipates that the decline in total housing sales will slightly narrow in 2026, with real estate investment potentially stabilizing [3] - If policies exceed expectations, it could lead to a rebound in housing prices, marking a transition to the second phase of stabilization; conversely, if derivative risks escalate, it may prolong the stabilization process [3]

Core Insights - The Hong Kong property market is experiencing a resurgence in transactions, with a notable increase in both secondary and primary property sales [1] Group 1: Market Performance - Last weekend, the top 10 secondary housing estates in Hong Kong recorded 12 transactions, a week-on-week increase of 33.3%, returning to double-digit levels [1] - When considering 15 major estates, there were 16 transactions, reflecting a week-on-week rise of 14.3% [1] Group 2: Factors Influencing Market Activity - The recent strong sales of new developments, such as the "woodis" project on Hong Kong Island, which sold 75 units on the first day, are contributing to increased market activity [1] - The reintroduction of interest rate cuts has bolstered buyer confidence, leading to a quicker search for bargains in the secondary market as prices stabilize [1] Group 3: Future Expectations - The overall trading performance in Hong Kong's property market is expected to be active this month, with primary sales projected to exceed 2,000 transactions, indicating a month-on-month increase [1] - The secondary market is also anticipated to see growth compared to September's performance [1]

Group 1 - The report highlights that the real estate market has passed a significant cyclical turning point since 2021, with sales volume and value dropping significantly from their peaks in 2021 to levels comparable to 2010 and 2016 by 2024 [11] - In the first five months of 2025, national commodity housing sales area decreased by 2.9% year-on-year, while sales value fell by 3.8%, indicating a narrow fluctuation in a generally low-volume market [11][12] - The supply of new homes continues to shrink, with a 9.7% year-on-year decline in new residential supply across 69 cities in the first half of 2025, which is a key factor suppressing transaction recovery [13] Group 2 - The report notes that the sales performance of new homes is significantly influenced by the quality of new supply, with the top 20 cities accounting for approximately 68% of sales value in the first half of 2025, reflecting a trend towards concentration in core urban areas [30] - The report indicates that the price index for new homes in 70 major cities showed a year-on-year decline of 4.1% in May 2025, with second-hand home prices also experiencing a decline, suggesting that price stabilization is contingent on a recovery in transaction volumes [24][22] - The report emphasizes that the second-hand housing market remains active, with transaction volumes at historically high levels, and that the proportion of second-hand transactions is increasing, reaching 69% in the first five months of 2025 [43]

Core Insights - The Beijing real estate market is showing signs of recovery as the peak sales season "Golden March and Silver April" comes to an end, with significant increases in transaction volumes and market activity [1][3] Transaction Volume - In March, the transaction area of commercial housing in first-tier cities increased by nearly 95% month-on-month and 18% year-on-year, with Beijing's residential transaction area doubling month-on-month [3] - The number of second-hand housing transactions in Beijing reached 32,662 units from March to April, representing a month-on-month increase of 26.52% and a year-on-year increase of 18.19% [3] - The transaction cycle for quality properties has significantly shortened, with some properties in core areas being sold within days of listing [3] Land Market Activity - The land market in Beijing is also heating up, with high premium transactions becoming more common. For instance, a plot in Haidian District sold for a record price of 102,300 yuan per square meter [6] - This trend indicates strong competition among developers for prime land, reflecting their optimism about the future of the Beijing real estate market [6] Price Trends - Overall housing prices in Beijing are stable, but there is a noticeable divergence in price trends across different regions and property types. The average price of second-hand homes in April was 44,454 yuan per square meter, with some core areas experiencing price increases [8] - New home prices showed a slight month-on-month increase of 0.54%, with high-end projects in prime locations seeing significant price hikes, while some suburban projects are offering discounts to accelerate sales [8] Policy Support - Since September 30, 2024, Beijing has implemented a series of policies to optimize the real estate market, including lowering mortgage rates and reducing down payment requirements, which have effectively lowered barriers for buyers [10] - The first mortgage rate for first-time homebuyers has been reduced to 4.05%, and the minimum social security or tax payment period for non-local families has been shortened [10] Market Outlook - Despite the positive signs in the Beijing real estate market, there are still uncertainties regarding the macroeconomic environment and market inventory that could impact future developments [10][12] - Industry experts believe that the government will continue to support the real estate sector, and if key measures like interest rate cuts are implemented, market expectations may further improve [12] - The recovery may exhibit structural characteristics, with core areas and high-quality projects leading the market, while non-core areas may experience slower recovery [12]

Group 1 - The core viewpoint of the article is that Xi'an's real estate market is experiencing a significant downturn, with new home prices declining for six consecutive months and second-hand home prices dropping for 18 months [2][10][12] - In contrast to Xi'an, Chengdu's real estate market is thriving, with new home transactions increasing by 19.7% year-on-year in Q1 2024 [2][4] - Xi'an's new home transaction volume has plummeted since its peak in 2018, with 2024's new home transaction area at 13.28 million square meters, only half of 2018's volume [15][22] Group 2 - Xi'an's economic growth has been sluggish, with a GDP growth rate of 4.6% in 2023, lagging behind the national average of 5.2% [18][20] - The city's industrial investment growth was negative at -5.8% in the first half of 2024, with industrial investment down by 13.3% [24][28] - Despite a population increase of 89,400 in 2024, the city's housing affordability remains a concern, with a price-to-income ratio of 28.1 times, significantly above the international warning line of 6-8 times [31][32] Group 3 - Xi'an's industrial strength is underwhelming despite its military and aerospace capabilities, with total industrial output value in 2023 estimated at 239.9 billion yuan, far below leading industrial cities [44][46] - The city has only three industries with over 100 billion yuan in output, with the automotive industry being the most prominent [46][48] - The lack of integration between military research and market applications is a critical issue for Xi'an's industrial development [66][68] Group 4 - The article raises the question of whether Xi'an's housing prices will continue to adjust downward, noting that while the city has a competitive population advantage, the overall real estate market sentiment remains negative [69][73] - Global economic uncertainties and trade tensions could further impact Xi'an's economy, although its reliance on exports is relatively low [75][76]