National Bureau of Statistics: Basic Situation of the National Real Estate Market from January to July 2026

From January to July, the nationwide real estate development investment amounted to 4.3009 trillion yuan, a year-on-year decrease of 19.2%; of which, residential investment was 3.3172 trillion yuan, a decrease of 19.1%. During this period, the floor area of housing construction by real estate development companies was 557.572 million square meters, down 12.7% year-on-year. Among this, the floor area for residential construction was 387.051 million square meters, a decrease of 13.0%. The newly started construction area was 26.7 million square meters, down 24.0%. Of this, the newly started residential construction area was 19.49 million square meters, a decrease of 24.6%. The completed housing area was 19.195 million square meters, down 23.2%. Among this, the completed residential area was 13.443 million square meters, a decrease of 25.5%. From January to July, the sales area of newly built commercial housing was 45.021 million square meters, a year-on-year decrease of 11.8%; of which, the sales area of residential properties decreased by 12.7%. The sales amount of newly built commercial housing reached 427.18 billion yuan, down 13.1%; of which, the sales amount for residential properties decreased by 13.2%. By the end of July, the unsold area of commercial housing was 75.911 million square meters, a year-on-year decrease of 0.8%. Among this, the area unsold for less than three years was 55.559 million square meters, down 3.6%. From January to July, the funds in place for real estate development companies totaled 457.48 billion yuan, a year-on-year decrease of 20.3%. This included domestic loans of 630 billion yuan, down 32.1%; self-raised funds of 165.44 billion yuan, down 18.5%; deposits and prepayments of 143.76 billion yuan, down 14.4%; and personal mortgage loans of 604 billion yuan, down 23.5%.