广州拟全面取消住房“三限”，其它一线城市会跟进吗？

Core Viewpoint - Guangzhou is taking significant steps to boost market vitality by optimizing real estate policies, including the comprehensive removal of purchase, sale, price, and loan restrictions, as well as lowering down payment ratios and interest rates [2][5]. Group 1: Policy Changes - The recent proposal indicates that Guangzhou may become the first tier-one city in China to fully eliminate the "four limits" (purchase, sale, price, and loan restrictions) [3]. - Previous measures have already laid the groundwork for this policy shift, with the city having previously lifted sales and purchase restrictions in May and September 2024 [4]. - Current mortgage conditions in Guangzhou are favorable, with down payment ratios for first and second homes at 15% and interest rates at 3% for commercial loans, indicating room for further reductions [4]. Group 2: Market Conditions - Guangzhou faces significant downward pressure on housing prices compared to other tier-one cities, necessitating policy adjustments to stabilize the market [5]. - The overall second-hand housing prices have shown signs of stabilization, but certain peripheral areas continue to experience price declines [5]. Group 3: Demand Activation Measures - The proposal includes a multi-faceted approach to stimulate demand, such as advancing the renovation of urban villages and old residential areas, with plans to initiate over 150 projects by 2025 and invest 100 billion yuan in urban renewal [7][9]. - The plan also emphasizes the use of special loans to purchase existing properties for resettlement, indicating a commitment to innovative financing solutions [9]. - Continuous optimization of housing provident fund policies aims to facilitate home purchases and improve rental support, thereby enhancing the overall housing consumption chain [9].