Core Insights - The second-hand housing market in Foshan has shown a continuous increase in transaction volume, with over 27,209 units signed in the first half of 2025, marking a year-on-year increase of approximately 6% [3][5] - The proportion of second-hand housing transactions has reached a historical high of 62.4% of total transactions in the city [5] - The average transaction price of second-hand homes has been declining, while the bargaining rate has been increasing, indicating a shift in market dynamics [18][21] Group 1: Transaction Volume and Market Trends - Foshan's second-hand residential net signed transactions reached 27,209 units in the first half of 2025, a 6% increase year-on-year [3] - The total signed area for second-hand residential properties was approximately 331.86 million square meters, reflecting a 6.9% increase compared to the same period last year [3] - The transaction volume in the Shunde and Nanhai districts remains dominant, while the transaction volume in the Chancheng district has decreased by 7.3% year-on-year [6][10] Group 2: Buyer Preferences and Pricing Sensitivity - The most popular property type in Foshan's second-hand market is the 120-140 square meter category, followed by properties under 90 square meters [11] - Properties priced below 1 million yuan accounted for 49.4% of transactions, a significant increase of 2.9% from the previous half-year [13] - The proportion of transactions for properties priced under 10,000 yuan per square meter has risen to 51% [14] Group 3: Pricing and Bargaining Trends - The average transaction price for second-hand homes in Foshan has decreased from 1.292 million yuan to 1.206 million yuan [18] - The average bargaining rate for second-hand homes has increased, with the average price drop from listing to sale reaching 27.2% [21] - The highest bargaining rate is observed in the Nanhai district at 28.1%, while properties priced below 1 million yuan have the highest bargaining rate at 28.7% [22][24] Group 4: Transaction Cycle and Financing Trends - The average time from listing to sale for second-hand homes in Foshan has extended to nearly 10 months, with 29.6% of properties taking over 360 days to sell [25][28] - The proportion of transactions involving loans has increased, reaching the highest level in five years, with cash purchases dropping to 17.7% [33][35] - The use of public housing funds for purchases has also seen an uptick due to lower interest rates [37] Group 5: Rental Market Insights - The average rent in Foshan is 2,202 yuan per unit, with a slight decrease in rental prices but an increase in rental yield to 2.2% [38] - The rental market is increasingly favoring larger units, with three-bedroom properties accounting for over 54% of transactions [45] - The average transaction cycle for rental properties has also lengthened, with an average of 94 days for rental listings [48]