北京楼市政策大幅度调整，释放4大信号

Core Viewpoint - Beijing has announced significant adjustments to its real estate policies, particularly in purchase restrictions and housing fund support, effective from August 9, 2025, to stimulate the housing market and address changing demand dynamics [1][3]. Group 1: Purchase Policy Adjustments - The new policy allows eligible Beijing residents and non-residents who have paid social insurance or income tax for at least 2 years to purchase an unlimited number of properties outside the Fifth Ring Road [3][4]. - The purchase restrictions for properties within the Fifth Ring Road remain unchanged, with Beijing residents limited to 2 properties and non-residents to 1 property if they have paid social insurance or income tax for at least 3 years [3][4]. - Single adults in Beijing will now be subject to the same purchase restrictions as family units [3]. Group 2: Housing Fund Support Enhancements - Individuals applying for housing loans must not own any property in Beijing or have previously used a housing fund loan, allowing them to access first-time home loan benefits [4]. - For those using housing fund loans to purchase a second property, the maximum loan amount is set at 1 million yuan, with a minimum down payment of 30% [4]. - Borrowers can receive 150,000 yuan in loan capacity for each year of housing fund contributions, with calculations based on the longer contribution period of married couples [4]. Group 3: Market Implications - The adjustments are seen as necessary due to significant changes in the real estate market since the introduction of strict purchase restrictions in 2011, with a notable imbalance in inventory and a shift in housing demand from rigid to diverse improvement needs [7][8]. - The Fifth Ring Road serves as a boundary for purchase restrictions, aligning with urban planning goals to promote development in outer areas and alleviate population pressure in central districts [8]. - The new policies are expected to attract more buyers to properties outside the Fifth Ring Road, increasing market demand and encouraging developers to accelerate project launches [9].