限购再放松，北京又出楼市政策“组合拳”

Core Viewpoint - Beijing has introduced new real estate policies aimed at optimizing housing market conditions, particularly benefiting non-local families and families with multiple children, effective from December 24, 2025 [3][4][5]. Policy Adjustments - The new policies relax purchase conditions for non-local families, reducing the social security or tax payment requirement for buying homes within the Fifth Ring from 3 years to 2 years, and from 2 years to 1 year for areas outside the Fifth Ring [3][6]. - Families with two or more children are now allowed to purchase additional homes in the Fifth Ring, with local families permitted to buy up to three homes and non-local families eligible for two homes if they have paid social security or taxes for two consecutive years [3][6][7]. Financial Support Enhancements - The minimum down payment for second homes using housing provident fund loans has been lowered from 30% to 25% [3][7]. - The mortgage policy has been adjusted to eliminate the distinction between first and second homes in terms of interest rate pricing, allowing banks to set rates based on market conditions [4][7]. Market Impact - The policy changes are expected to stimulate demand from non-local families and those with children, potentially reducing housing costs for these groups [4][9]. - The new measures aim to stabilize the real estate market in Beijing, which has seen a decline in new home sales and prices compared to the previous year [9][10]. Broader Implications - The adjustments reflect a response to national economic directives aimed at stabilizing the real estate market and may serve as a reference for other cities considering similar policy changes [10].