上海出台楼市新政为市场注入强心针，深圳跟进预期走强

Core Viewpoint - Shanghai has optimized its real estate policies, similar to Beijing, to reduce housing purchase restrictions and improve housing financing options, which is expected to positively impact the market [1][2]. Policy Adjustments - The new policies include reducing housing purchase limits, optimizing housing provident fund policies, and improving personal housing loan and property tax regulations [1][5]. - Specifically, the limit on the number of homes that can be purchased in areas outside the outer ring has been lifted for eligible residents, allowing for unlimited purchases [2][4]. Market Impact - The adjustments are anticipated to benefit a wide range of buyers, particularly in high-demand areas, and are expected to stimulate market activity as the traditional sales season approaches [1][3]. - The measures are likely to enhance market expectations and stabilize prices, with potential follow-up actions from other cities like Shenzhen [1][3]. Housing Financing - The housing provident fund loan limits have been increased, with the maximum loan for first-time buyers raised from 1.6 million to 1.84 million yuan, and for second homes from 1.3 million to 1.495 million yuan [5][7]. - The commercial loan interest rates will no longer differentiate between first and second homes, which is expected to lower borrowing costs for buyers [5][7]. Taxation Changes - The property tax policy has been adjusted to exempt the first home purchase for eligible non-local residents from property tax, while providing a tax deduction based on household area for subsequent purchases [7][8]. - This is aimed at reducing the financial burden on buyers and promoting demand for improved housing [7][8]. Market Dynamics - The policy changes are expected to particularly benefit the outer ring areas of Shanghai, where new housing supply is concentrated, thus alleviating inventory pressure [2][3]. - The overall impact on the new housing market in Shanghai may be less pronounced than in Beijing due to the higher proportion of new supply in core areas [8].