Real estate 2022

1. The Completion of Real Estate Investment

In 2022, the national real estate development investment was 13,289.5 billion yuan, a decrease of 10.0 percent over the previous year; Among them, the residential investment was 10,064.6 billion yuan, down 9.5 percent.

In 2022, the housing construction area of real estate development enterprises was 9,049.99 million square meters, a decrease of 7.2 percent over the previous year. Among them, the residential construction area was 6,396.96 million square meters, down 7.3 percent.

The newly started area of houses was 1,205.87 million square meters, down 39.4 percent. Among them, the newly started residential area was 881.35 million square meters, down 39.8 percent.

The completed area of houses was 862.22 million square meters, down 15.0 percent. Among them, the completed residential area was 625.39 million square meters, down 14.3 percent.

2. Sales of Commercial Buildings

In 2022, the sales area of commercial housing was 1,358.37 million square meters, a decrease of 24.3 percent over the previous year, of which the residential sales area decreased by 26.8 percent.

The sales of commercial housing was 13,330.8 billion yuan, down 26.7 percent, of which residential sales decreased by 28.3 percent.

At the end of 2022, the area of commercial housing for sale was 563.66 million square meters, an increase of 10.5 percent over the previous year. Among them, the residential area for sale increased by 18.4 percent.

3. Sources of Funds for Real Estate Development Enterprises

In 2022, the funds put in place by real estate development enterprises were 14,897.9 billion yuan, a decrease of 25.9 percent over the previous year.

Among them, domestic loans were 1,738.8 billion yuan, down 25.4 percent; the utilized foreign capital was 7.8 billion yuan, down 27.4 percent; self-raised funds reached 5,294 billion yuan, down 19.1 percent; deposits and advance receipts were 4,928.9 billion yuan, down 33.3 percent; personal mortgage loans reached 2,381.5 billion yuan, down 26.5 percent.

4. National Real Estate Climate Index

In December 2022, the real estate development prosperity index (hereinafter referred to as "China's real estate climate index") was 94.35.