Core Viewpoint - The Shanghai government has announced a series of policy adjustments aimed at optimizing the real estate market, including reducing housing purchase restrictions, enhancing housing provident fund policies, adjusting personal housing loan interest rates, and improving property tax regulations. These measures are set to take effect on August 26, 2025, and are designed to stimulate housing demand and support market stability. Group 1: Housing Purchase Restrictions - The new policy allows eligible residents to purchase an unlimited number of homes outside the outer ring road, while limiting purchases to two homes within the inner ring road for local residents. Non-local residents can also buy without limits outside the outer ring if they have paid social insurance or income tax for at least one year, and are limited to one home within the inner ring if they have paid for three years [1][2]. Group 2: Housing Provident Fund Policy - The policy increases the maximum loan amount for housing provident fund loans by 15% for those purchasing new green buildings. The first loan limit rises from 1.6 million to 1.84 million yuan, and for families with multiple children, it increases from 1.92 million to 2.16 million yuan. The second loan limit increases from 1.3 million to 1.495 million yuan. Additionally, it allows for the withdrawal of provident fund for down payments without affecting loan limits [3]. Group 3: Personal Housing Loan Interest Rates - The new policy eliminates the distinction between first and second home loan interest rates, allowing banks to set rates based on market conditions and individual risk profiles. This change is expected to reduce monthly payments significantly for second homes, enhancing affordability for buyers [4][5]. Group 4: Property Tax Regulations - The policy introduces a temporary exemption from property tax for the first home purchased by non-local residents and provides a tax deduction of 60 square meters for the second home and beyond. This aims to lower the holding costs for buyers and encourage market participation [4][6]. Group 5: Market Impact and Expectations - Analysts suggest that these comprehensive measures will alleviate market anxiety and stimulate demand across various buyer segments. The policy is expected to enhance the purchasing power of buyers, particularly in the outer ring areas, and facilitate smoother transactions in both new and second-hand markets. The timing of the policy rollout is seen as strategic, coinciding with the traditional peak sales season [5][7].

盘面上，A、H两地房地产板块今日早间全线大涨，万科A、万通发展（600246）涨停，荣盛发展 （002146）、金地集团（600383）、深深房A等10余股涨超5%。 具体来看，上海市本次最核心的政策变动是进一步调减住房限购政策： 一是符合条件居民家庭在外环外购房不限套数。对符合本市住房购买条件的居民家庭，包括本市户籍居 民家庭、在本市连续缴纳社会保险或个人所得税满1年及以上的非本市户籍居民家庭，在外环外购买住房 不限套数，包括新建商品住房和二手住房； 二是成年单身人士按照居民家庭执行住房限购政策。 8月25日，上海市住房城乡建设管理委、市房屋管理局、市财政局、市税务局、人民银行上海市分行、市 公积金管理中心等六部门联合印发《关于优化调整本市房地产政策措施的通知》（以下简称《通 知》），包括调减住房限购、优化住房公积金、优化个人住房信贷以及完善个人住房房产税等政策。 《通知》自2025年8月26日起施行。 这意味着，按照上述规定，沪籍居民家庭和沪籍成年单身人士，在外环外购买住房不限套数；在外环内 限购2套住房。非沪籍居民家庭和非沪籍成年单身人士，自购房之日前在本市连续缴纳社会保险或个人所 得税满1年及以上的， ...

【导读】上海市发布楼市新政，符合条件居民家庭在外环外购房不限套数 中国基金报记者 李智 8 月 25 日，上海市住房城乡建设管理委、市房屋管理局、市财政局、市税务局、人民银行上海 市分行、市公积金管理中心等六部门联合印发《关于优化调整本市房地产政策措施的通知》（以 下简称《通知》），包括调减住房限购、优化住房公积金、优化个人住房信贷以及完善个人住房 房产税等政策。 《通知》自 2025 年 8 月 26 日起施行。 符合条件居民家庭在外环外购房不限套 《通知》明确，进一步调减住房限购政策。一是符合条件居民家庭在外环外购房不限套数。对符 合本市住房购买条件的居民家庭，包括本市户籍居民家庭、在本市连续缴纳社会保险或个人所得 税满 1 年及以上的非本市户籍居民家庭，在外环外购买住房不限套数，包括新建商品住房和二 手住房。二是成年单身人士按照居民家庭执行住房限购政策。 按照上述规定，沪籍居民家庭和沪籍成年单身人士，在外环外购买住房不限套数；在外环内限购 2 套住房。非沪籍居民家庭和非沪籍成年单身人士，自购房之日前在本市连续缴纳社会保险或个 人所得税满 1 年及以上的，在外环外购买住房不限套数；自购房之日前在本市连续缴 ...

关于住房限购政策相关业务，可拨打房地产交易行业服务热线"962269"具体咨询。 二、优化住房公积金政策 为加大公积金支持住房消费力度，《通知》规定优化住房公积金政策。 一是提高个人住房公积金贷款额度 。对缴存人 购买二星级及以上新建绿色建筑住房的，住房公积金（含补充公积金）最高贷款额度上浮15%。首套最高贷款额度从 160万元提高至184万元，多子女家庭首套上浮比例可叠加计算，从192万元提高至216万元；二套最高贷款额度从130 万元提高至149.5万元。 二是支持提取住房公积金支付购房首付款 。对缴存人购买我市新建预售商品住房的，可以按 规定申请提取本人及配偶的住房公积金支付购房首付款。 三是支持住房公积金"又提又贷" 。对缴存人提取住房公积 金支付购房首付款的，不影响其住房公积金贷款额度计算。 为更好满足居民刚性住房需求和多样化改善性住房需求，促进房地产市场平稳健康发展，8月25日，上海市住房城乡建 设管理委、市房屋管理局、市财政局、市税务局、人民银行上海市分行、市公积金管理中心等六部门联合印发《关于 优化调整本市房地产政策措施的通知》（以下简称《通知》）， 包括调减住房限购、优化住房公积金、优化个人 ...

Core Viewpoint - The Shanghai government has announced a series of measures to optimize and adjust real estate policies, including reducing housing purchase restrictions and improving housing loan conditions, effective from August 26, 2025 [1] Group 1: Policy Adjustments - The joint notice issued by six departments aims to alleviate the burden of home purchase interest for residents [1] - The measures include adjustments to housing purchase limits, housing provident fund policies, personal housing credit, and property tax regulations [1] Group 2: Housing Credit Optimization - The notice specifies that banks will no longer differentiate between first and second home loans in their interest rate pricing, allowing for a more flexible determination of commercial housing loan rates based on market conditions and individual risk profiles [1] - Financial institutions are encouraged to consult with banks regarding specific housing loan services [1]

为更好满足居民刚性住房需求和多样化改善性住房需求，促进房地产市场平稳健康发展，8月25日， 上海市住房城乡建设管理委、市房屋管理局、市财政局、市税务局、人民银行上海市分行、市公积金 管理中心等六部门联合印发《关于优化调整本市房地产政策措施的通知》（以下简称《通知》），包 括调减住房限购、优化住房公积金、优化个人住房信贷以及完善个人住房房产税等政策。《通知》自 2025年8月26日起施行。 一、调减住房限购政策 套住房和二套住房，合理确定每笔商业性个人住房贷款的具体利率水平。 关于住房贷款相关业务，可向经办银行具体咨询。 四、完善个人住房房产税政策 二、优化住房公积金政策 为加大公积金支持住房消费力度，《通知》规定优化住房公积金政策。一是提高个人住房公积金贷款 额度。对缴存人购买二星级及以上新建绿色建筑住房的，住房公积金（含补充公积金）最高贷款额度 上浮15%。首套最高贷款额度从160万元提高至184万元，多子女家庭首套上浮比例可叠加计算，从 192万元提高至216万元；二套最高贷款额度从130万元提高至149.5万元。二是支持提取住房公积 金支付购房首付款。对缴存人购买我市新建预售商品住房的，可以按规定申请提 ...

Core Viewpoint - The article discusses the recent adjustments to real estate policies in Shanghai aimed at meeting residents' housing needs and promoting a stable and healthy real estate market. The measures include reducing housing purchase restrictions, optimizing housing provident fund policies, improving personal housing credit, and refining personal housing property tax policies [1][2]. Group 1: Housing Purchase Restrictions - The notification specifies a reduction in housing purchase restrictions to better meet residents' improvement needs. Families meeting the purchase criteria can buy an unlimited number of homes outside the outer ring road [3]. - Adult singles are subject to the same housing purchase restrictions as families. They can buy unlimited homes outside the outer ring road and are limited to two homes within the inner ring road [4]. Group 2: Housing Provident Fund Policy - The notification enhances the housing provident fund policy by increasing the maximum loan amount for purchasing new green buildings by 15%. The maximum loan for first-time buyers rises from 1.6 million to 1.84 million yuan, and for families with multiple children, it increases from 1.92 million to 2.16 million yuan [6]. - It allows the withdrawal of housing provident funds to pay for the down payment on new homes, enabling buyers to use their and their spouse's provident funds for this purpose [7]. - The policy supports the "withdraw and loan" approach, meaning that withdrawing funds for the down payment does not affect the calculation of the housing provident fund loan limit [8]. Group 3: Personal Housing Credit Policy - The notification optimizes personal housing credit policies to alleviate residents' mortgage interest burdens. Banks will no longer differentiate between first and second homes in their interest rate pricing, allowing for a more reasonable determination of loan interest rates [10]. Group 4: Personal Housing Property Tax Policy - To align with the optimized housing purchase restrictions, the notification states that non-local families purchasing their first home will be exempt from property tax. For second homes and beyond, a deduction of 60 square meters per person will be applied after aggregating the total housing area [13]. - This property tax policy will take effect from January 1, 2025, for eligible buyers [14].

人民财讯8月25日电，上海市住房城乡建设管理委等部门发布《关于优化调整本市房地产政策措施的通 知》。为衔接优化住房限购政策，《通知》规定对符合条件的非本市户籍居民家庭购买的第一套住房暂 免征收房产税；购买的第二套及以上住房在合并计算家庭全部住房面积后，给予人均60平方米的免税面 积扣除。由于个人住房房产税按年征收，因此2025年1月1日起符合条件的购房者可享受本条政策。 ...

Core Viewpoint - The real estate market is in a recovery phase, supported by ongoing policy efforts to stabilize sales and funding, with expectations for a bottoming out of the industry [1][2]. Sales Data - In the first seven months of 2025, the sales area of commercial housing was 51,560 million square meters, with sales revenue of 49,566 billion yuan. Although sales data remains low, the "stop decline and stabilize" policy continues, and core cities are optimizing purchasing policies, which is expected to restore market confidence [1]. - The sales area decreased by 4.0% year-on-year, and sales revenue fell by 6.5% year-on-year, indicating a slight decline in July due to seasonal factors [2]. Investment Trends - Real estate investment in the first seven months of 2025 decreased by 12.0% year-on-year, with new construction area down by 19.4% year-on-year and completion area down by 16.5% year-on-year. Despite a slight recovery in new construction, the overall trend remains negative, reflecting weak market demand [3]. - The willingness to acquire land and start new projects remains low, with expectations that new construction growth will be difficult to strengthen in the short term [3]. Funding Situation - The funds available to real estate developers decreased by 7.5% year-on-year in the first seven months of 2025. However, with the central government's commitment to address real estate risks and improve financing conditions, there is potential for gradual improvement in funding availability [4]. - Specific funding sources showed mixed results, with domestic loans and foreign investment increasing, while self-raised funds and personal mortgage loans declined significantly [4].

8月8日晚，北京推出一系列房地产优化政策，包括"五环外购房不再限套数"、"成年单身按照家庭执行限购政策"、"二套房公积金贷款提至100万元"等六 条。 此次"京六条"楼市新政，2025年8月9日起开始实施。 为了让大伙更全面、更准确、更直接地get到政策最新版本，「We地产」更新整理出最新版2025年北京购房及贷款政策汇总！ 全网最新，全是"干货"。建议收藏，关注公众号并设为星标。 一、北京购房资格政策 在北京购房资格上，2024年10月1日起，北京将非京籍购买五环外商品住房缴纳社会保险或个人所得税的年限，调整为购房之日前连续缴纳满2年及以上。 2025年8月9日起，京籍居民家庭、在北京市连续缴纳社会保险或个人所得税满2年及以上的非京籍居民家庭，购买五环外商品住房将不限套数。 同时，限购政策不再单独区分单身，成年单身人士按照居民家庭执行商品住房限购政策。 ✓ 购房社保或个税：非京籍五环内满3年，五环外满2年，特殊人才满1年 ✓ 五环外购房：符合条件的家庭，不限套数 ✓ 成年单身人士，按居民家庭政策 | 北京住宅购房资格政策一览表 | | | | | | | | --- | --- | --- | --- | ...