news

China News Service, August 15. According to the website of the National Bureau of Statistics, the National Bureau of Statistics released the basic situation of the national real estate market from January to July 2024.

　　I. Completion of real estate development investment

From January to July, the national real estate development investment was 608.77 billion yuan, down 10.2% year-on-year (calculated on a comparable basis); among them, residential investment was 462.30 billion yuan, down 10.6%.

From January to July, the housing construction area of ​​real estate development enterprises was 7032.86 million square meters, a year-on-year decrease of 12.1%. Among them, the residential construction area was 4915.32 million square meters, a decrease of 12.7%. The newly started housing area was 437.33 million square meters, a decrease of 23.2%. Among them, the newly started residential area was 316.84 million square meters, a decrease of 23.7%. The completed housing area was 300.17 million square meters, a decrease of 21.8%. Among them, the completed residential area was 218.67 million square meters, a decrease of 21.8%.

　　II. Sales and pending sales of newly built commercial housing

From January to July, the sales area of ​​newly built commercial housing was 541.49 million square meters, a year-on-year decrease of 18.6%, of which residential sales area decreased by 21.1%. The sales volume of newly built commercial housing was 533.3 billion yuan, a decrease of 24.3%, of which residential sales decreased by 25.9%.

At the end of July, the area of ​​commercial housing for sale was 739.26 million square meters, a year-on-year increase of 14.5%, of which the area of ​​residential housing for sale increased by 22.5%.

　　III. Funding Status of Real Estate Development Enterprises

From January to July, the funds in place for real estate development enterprises amounted to 6190.1 billion yuan, a year-on-year decrease of 21.3%. Among them, domestic loans amounted to 921.6 billion yuan, a decrease of 6.3%; foreign capital utilization amounted to 1.7 billion yuan, a decrease of 45.0%; self-raised funds amounted to 2205.7 billion yuan, a decrease of 8.7%; deposits and advance payments amounted to 1869.3 billion yuan, a decrease of 31.7%; and personal mortgage loans amounted to 874.8 billion yuan, a decrease of 37.3%.

　　IV. Real Estate Development Prosperity Index

In July, the real estate development boom index (referred to as the "National Real Estate Boom Index") was 92.22.