北京新政：支持多子女家庭住房需求

Core Viewpoint - Beijing has introduced new real estate policies aimed at stabilizing the housing market, including relaxed purchasing conditions for non-local families and support for multi-child households [3][4]. Policy Adjustments - The first major policy change allows non-local families to purchase homes in the city with reduced social security or tax payment requirements: from 3 years to 2 years for properties within the Fifth Ring Road, and from 2 years to 1 year for properties outside [3][4]. - Multi-child families are now permitted to buy additional properties: local families can purchase up to 3 homes within the Fifth Ring Road, while non-local families with 2 years of social security or tax payments can buy 2 homes [3][4]. Housing Credit Policy - The new regulations optimize personal housing credit policies, eliminating the distinction between first and second home loan interest rates, allowing banks to set rates more flexibly [4]. - The minimum down payment for second home loans using public housing funds has been reduced from 30% to 25% [4]. Market Conditions - The Beijing housing market is currently experiencing a "price-for-volume" situation, with a notable increase in second-hand housing transactions: November 2025 saw a 19.5% month-on-month increase in signed contracts [4]. - Despite the increase in transactions, year-on-year comparisons show a decline, indicating ongoing market challenges [4][5]. Price Trends - The average price of second-hand homes in Beijing has been on a downward trend for 8 consecutive months, with the average total price dropping from approximately 3.8 million yuan in June to around 3.5 million yuan in November [5]. - The current listing volume of second-hand homes is about 157,000, down from last year's peak of 176,000, but still higher than the market's low point of around 100,000 [5].