上海楼市放大招！限购政策调整，激发市场活力

Core Viewpoint - The "825" policy in Shanghai is a targeted regulatory measure aimed at lowering the home purchase threshold for eligible residents, alleviating inventory pressure in the outer ring, and boosting market confidence [1][2]. Group 1: Policy Details - The new policy includes four main aspects: no purchase limits for eligible buyers outside the outer ring; a significant increase in the public housing fund loan limit, up to 2.16 million yuan; no differentiation in mortgage rates between first and second homes; and upgraded property tax exemptions for non-local buyers [1][7]. - The policy is designed to support both first-time and upgrading homebuyers, thereby promoting a balanced residential market and accelerating the implementation of new housing standards [1][2]. Group 2: Market Impact - The policy is expected to stimulate market expectations and accelerate the release of housing demand, particularly benefiting families looking to purchase retirement or vacation properties [2][9]. - The removal of purchase limits for eligible buyers outside the outer ring is anticipated to facilitate the sale of new homes and stabilize second-hand home prices [2][9]. Group 3: Financial Support Measures - The new policy eliminates the interest rate difference between first and second homes, which is expected to reduce the repayment burden for upgrading buyers and those with asset allocation needs [7][8]. - Public housing fund usage has become more flexible, allowing buyers to use their fund balances for down payments without affecting their loan limits, thus enhancing their purchasing capability [8][9]. Group 4: Inventory and Demand Dynamics - The current inventory in the outer ring is significant, with new home inventory accounting for 80% of the total, and the policy aims to release purchasing power to further reduce this inventory [9][10]. - The policy is likely to attract buyers who previously faced restrictions, enabling them to purchase properties in the outer ring while alleviating pressure on the second-hand market [10][11].