如何看待北京继续放松房地产政策︱重阳问答

Core Viewpoint - Beijing continues to relax real estate policies to stimulate demand and support genuine housing needs amid a weakening property market [2][3][4] Group 1: Policy Adjustments - The recent policy changes include lowering the social security contribution requirements for non-Beijing residents, allowing families with two or more children to purchase an additional property within the Fifth Ring Road, reducing the down payment ratio for second homes from 30% to 25%, and eliminating the distinction in commercial loan rates between first and second homes [2] - These adjustments aim to lower the barriers for homebuyers and reduce their costs, thereby supporting real housing demand [2] Group 2: Market Conditions - Nationally, the residential property market has shown signs of weakness, with a reported 8.8% year-on-year decline in the total area of residential transactions for the first eleven months of the year, and a nearly 20% drop in new home sales in November alone [3] - In Beijing, the listing prices for second-hand homes have decreased by over 10% year-on-year, indicating a continued trend of price adjustments to stimulate transactions [3] - Despite the overall decline, there is a stable transaction volume in first-tier cities like Beijing and Shanghai, with an increase in the proportion of low-priced properties sold, suggesting some persistent demand [3] Group 3: Future Expectations - The central government's focus on stabilizing the real estate market is evident, with expectations for further policy relaxations in cities like Shanghai [4] - The stability in new and second-hand home transactions is seen as crucial for meeting residents' housing needs and promoting high-quality development in the real estate sector [4] - If transaction volumes continue to decline, more aggressive measures to stabilize the market are anticipated [4]