经济新闻
4月份中国主要城市二手房交易量激增，上海交易量创十年新高 2026-05-06
Sales of pre-owned homes jumped last month in most of China’s major cities, with Shanghai logging a 10-year high, as a result of this year’s later Chinese New Year holiday and improved market expectations. But analysts still view the recovery as tentative rather than a full market turnaround.
In 20 key cities across China, second-hand home sales climbed 13 percent to around 150,000 in April from a year earlier, though the average price per square meter fell 8.3 percent to CNY12,733 (USD1,867), according to data from the China Index Academy.
Some 28,742 sold in Shanghai, up 22 percent from a year ago and exceeding the previous decade high for the month of 27,080 set in 2019, according to Shanghai Online Real Estate. Sales over the past two months hit about 59,200, the most since 2021.
Sales in Beijing climbed more than 15 percent to 17,893, setting a five-year high for April, according to official figures. They had reached 19,886 in March, the most in nearly 15 months.
The Chinese New Year holiday fell later this year -- coming in February, after straddling January and February last year -- thereby pushing back the release of housing demand, the China Index Academy said. Combined with better market expectations, that helped drive the sharp rise in April’s resale home transactions, it added.
In the other two first-tier cities of Shenzhen and Guangzhou, pre-owned home sales last month reached 5,644 and 10,426, respectively, a decline of 1.6 percent and a gain of 4.8 percent.
The rebound in first-tier cities may spill over into second-tier and even lower-tier cities, said Lu Wenxi, a senior analyst at Shanghai Centaline Property Agency. But the transmission mechanism and its strength remain uncertain in the current market environment, Lu noted.
The market rebound should not be mistaken for a major recovery or the start of a new cycle, according to a report by Anjuke Shanghai, one of China's largest online real estate platforms. In its view, the market is more likely to remain in a phase of "moderate growth in volume, stable prices, and gradual recovery.”
Source: Yicai Global
