月度成交量同比实现“九连增”，北京二手房市场持续修复

Core Insights - The Beijing second-hand housing market is showing signs of recovery due to a series of policy measures aimed at reducing down payment ratios, lowering mortgage rates, and optimizing housing provident funds [1][5][7] - In June, the transaction volume of second-hand residential properties in Beijing increased by 1% year-on-year, marking the ninth consecutive month of growth [1][3] - The cumulative transaction volume for the first half of the year saw an 18.4% year-on-year increase, with June alone recording 15,139 transactions, a 6% month-on-month increase [3] Policy Impact - A combination of demand-side relaxation and supply-side optimization policies has been implemented in Beijing, contributing to the market's recovery [5] - The interest rate for personal housing provident fund loans has been reduced, with the first loan rate for over five years now at 2.6%, resulting in a monthly payment reduction of 133 yuan for a 1 million yuan loan over 30 years [5][6] - Families with multiple children can now have their loan limits increased by 40,000 yuan, allowing for a maximum loan of 1.6 million yuan, further lowering the cost of homeownership [6] Market Dynamics - The "Good House" policy has not only improved the quality of new homes but has also increased the willingness of buyers to upgrade their residences [6] - There is a notable increase in transactions for second-hand homes priced between 6 million and 10 million yuan, driven by policy effects [6] - The new policy allows buyers to simultaneously apply for provident fund loans and withdraw funds for down payments, effectively easing the financial burden on buyers [7]