核心结论:2026 年中国房地产行业仍将延续下行趋势,但跌幅较 2025 年有所缓和,政策以风险缓释为核心,呈现 “被动应对、适度发力” 特征,大概率集中在下半年。新房销售、房价、新开工及投资仍将承压,市场筑底或延至 2027 年;开发商整体仍在艰难前行,但优质标的(优质国企、商业地产运营商)的阿尔法收益将进一步脱离行业贝塔拖累,成为投资核心。一、政策基调:风险缓释优先,下半年或迎适度发力2026...
Source Link核心结论:2026 年中国房地产行业仍将延续下行趋势,但跌幅较 2025 年有所缓和,政策以风险缓释为核心,呈现 “被动应对、适度发力” 特征,大概率集中在下半年。新房销售、房价、新开工及投资仍将承压,市场筑底或延至 2027 年;开发商整体仍在艰难前行,但优质标的(优质国企、商业地产运营商)的阿尔法收益将进一步脱离行业贝塔拖累,成为投资核心。一、政策基调:风险缓释优先,下半年或迎适度发力2026...
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