利好频出，2026年中国楼市开局“步稳”

Group 1 - The Chinese real estate market has received multiple favorable policies at the beginning of 2026, including a reduction in the down payment for commercial properties and adjustments to mortgage rates, indicating a steady start for the market [1][4] - The People's Bank of China has lowered the minimum down payment ratio for commercial property loans to 30%, down from previous requirements of 50% or higher, aiming to stimulate the commercial real estate market [1][2] - The extension of the tax refund policy for home sales is expected to stabilize market expectations and reduce costs for families looking to upgrade their housing, thereby promoting demand for improved housing [2][3] Group 2 - The reduction in mortgage rates for existing housing and some commercial loans is set to lower borrowing costs for homeowners, contributing to a more favorable market environment [4] - Local governments are also implementing supportive policies, such as increasing loan limits for families with multiple children and veterans, which further enhances the accessibility of housing finance [4] - Recent data indicates a gradual recovery in housing transactions in major cities, with a notable increase in the average price index for second-hand residential properties, suggesting a positive market outlook [4]