中国一线城市房价仍有下行空间 租售比仅1.8%，远低于按揭利率3.1%，买房极不划算

[{"type":"paragraph","children":[{"text":"中国一线城市房价仍有下行空间"}]},{"type":"paragraph","children":[{"text":"\n"}]},{"type":"paragraph","children":[{"text":"租售比仅1.8%，远低于按揭利率3.1%，买房极不划算；  "}]},{"type":"paragraph","children":[{"text":"房租仅较2004年涨1倍，房价却涨近10倍，严重脱节；  "}]},{"type":"paragraph","children":[{"text":"瑞银最新研报（2025年11月）预测：2026年一线二手房价再跌10%，2027年再跌5%，房租年均续跌约3%；  "}]},{"type":"paragraph","children":[{"text":"空置率一线4%、二线11.6%、三四线更高，供给过剩持续压制。"}]},{"type":"paragraph","children":[{"text":"\n"}]},{"type":"paragraph","children":[{"text":"当前（2026年1月）看，租金疲软+预期转弱将继续拖累，2026-2027年大概率再调一轮，核心区相对抗跌，远郊/老破小风险大。刚需改善继续观望，投资杠杆需谨慎。"},{"type":"coin","currencyId":7,"currency":"btc","symbolId":6,"symbol":"btc_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/btc.png","fullName":"Bitcoin","character":"BTC/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":8,"currency":"eth","symbolId":7,"symbol":"eth_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/eth.png","fullName":"Ethereum","character":"ETH/USDT","children":[{"text":""}]},{"text":" "},{"type":"coin","currencyId":11,"currency":"sol","symbolId":10,"symbol":"sol_usdt","logo":"https://web.jucoin.online/cdn/coin/logo/sol.png","fullName":"Solana","character":"SOL/USDT","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"加密货币","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"技术分析","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"交易策略","children":[{"text":""}]},{"text":" "}]}]