Core Viewpoint - Beijing's housing market has experienced a significant relaxation of purchase restrictions, leading to an increase in property viewings, particularly in areas outside the Fifth Ring Road [1][3][4] Policy Changes - The new policy, effective from August 9, allows eligible families to purchase an unlimited number of properties outside the Fifth Ring Road, marking a major adjustment since the "9·30" policy last year [3][8] - Eligible families include Beijing residents and non-residents who have paid social insurance or personal income tax in the city for at least two years [3][9] Market Response - There has been a noticeable increase in property viewings, with some areas reporting a 30% rise in potential buyers [4][6] - Real estate agents have reported a surge in inquiries and viewings following the announcement of the new policy [4][5] Financing Adjustments - The housing provident fund loan policies have also been optimized, allowing families with no housing in Beijing but with a cleared loan record elsewhere to qualify for first-time homebuyer loans [6][7] - The loan limits for second homes have increased from 600,000 to 1,000,000 yuan, and the minimum down payment for properties has been standardized to 30% regardless of location [6][7] Expert Insights - Experts suggest that the policy aims to stabilize the real estate market and promote a balance between living and working locations [7] - The adjustments are seen as beneficial not only for buyers but also for those looking to sell properties in the outer areas [7] Eligibility Criteria - The eligibility criteria for various demographics, including local and non-local families, as well as single individuals, have been clarified, with specific conditions for purchasing properties in and out of the Fifth Ring Road [8][9][10]