Today, the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment was 9363.4 billion yuan, a year-on-year decrease of 10.4%; among which, Residence investment was 7119 billion yuan, a decrease of 10.5%.
On December 16, the Financial Association reported that the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment reached 9363.4 billion yuan, a year-on-year decrease of 10.4%; of which, investment in Residential Construction was 7119 billion yuan, down 10.5%.
Basic situation of the national Real Estate market from January to November 2024
I. Completion of Real Estate Development investment
From January to November, national Real Estate Development investment reached 9363.4 billion yuan, a year-on-year decrease of 10.4% (calculated on a comparable basis, see Note 6 for details); of which, investment in Residential Construction was 7119 billion yuan, down 10.5%.
From January to November, the area of houses under construction by Real Estate Development enterprises was 7260.14 million square meters, a year-on-year decrease of 12.7%. Among them, the area of Residential Construction was 5083.89 million square meters, down 13.1%. The new construction area of houses was 673.08 million square meters, down 23.0%. Among them, the new construction area of residences was 489.89 million square meters, down 23.1%. The completed area of houses was 481.52 million square meters, down 26.2%. Among them, the completed area of residences was 351.97 million square meters, down 26.0%.
II. Sales and inventory situation of newly-built Commodities
From January to November, the sales area of newly-built Commodities was 861.18 million square meters, a year-on-year decrease of 14.3%, among which the sales area of residences decreased by 16.0%. The sales amount of newly-built Commodities was 8512.5 billion yuan, down 19.2%, among which the sales amount of residences decreased by 20.0%.
By the end of November, the area of unsold commercial housing reached 732.86 million square meters, an increase of 12.1% year-on-year. Among them, the area of unsold Residence increased by 18.4%.
Three, the funding situation of Real Estate Development enterprises.
From January to November, the funding available to Real Estate Development enterprises was 9,657.5 billion yuan, a year-on-year decrease of 18.0%. This includes domestic loans of 1,347.6 billion yuan, a decrease of 6.2%; foreign investment of 3 billion yuan, a decrease of 29.2%; self-raised funds of 3,467.6 billion yuan, a decrease of 11.0%; deposits and prepayments of 2,962.4 billion yuan, a decrease of 25.2%; personal mortgage loans of 1,391.1 billion yuan, a decrease of 30.4%.
Four, Real Estate Development prosperity Index.
In November, the Real Estate Development prosperity Index (abbreviated as 'National Real Estate Prosperity Index') was 92.62.
