最近身边不少人都在楼市的"政策潮"里犯嘀咕：刚需族盯着首付和利率算来算去，纠结现在该不该下手；改善族看着手里的老房子，发愁换房成本太高；就 连持币观望的人也在问"这波政策到底实不实在"。别急，答案很快就清晰了——2025年9月中央部委的重磅会议刚落下"定音锤"，10月起四大政策动作就要 密集落地，从购房资格到还款成本，从房源保障到风险防控，几乎把购房者关心的问题都覆盖到了。这些政策可不是空穴来风，全是住建部、央行、金融监 管总局等官方渠道明确的内容，今天就把这些"硬信息"拆解开，帮大家理清楚机遇和门道。 1. 政策"大礼包"：资格、成本双放宽 10月的政策首先瞄准了"购房门槛高、成本重"的痛点，直接拿出了"资格松绑+成本减负"的组合拳。资格方面，"取消限购、取消限售、取消限价、取消普通 与非普通住宅标准"的"四取消"政策全面落地，一线城市已经率先行动：北京取消了五环外的购房套数限制，上海把外环外非沪籍购房的社保年限从3年缩到 1年，广州更是直接全面取消限购，不用再查资格、限套数了。三四线城市力度更大，苏州取消2年限售，百色对三孩家庭放宽套数认定，就算两套房贷没还 清也能按首套买。 10月楼市四大动作重磅落地， ...

Core Viewpoint - Shanghai has announced new real estate policies that optimize the property tax pilot program for personal housing, allowing eligible individuals to temporarily avoid property tax payments [1][2]. Group 1: Property Tax Policy Adjustments - The new policy allows individuals holding a Shanghai residence permit and working in the city, including high-level talents and urgently needed professionals, to temporarily avoid property tax on their first home purchase [4][5]. - For those purchasing a second home, property tax will be exempted if the average per capita housing area does not exceed 60 square meters, with tax applied only to the area exceeding this limit [4][5]. - Individuals who have held a residence permit for less than three years will initially pay property tax, but can apply for a refund once they meet the three-year requirement [5][11]. Group 2: Housing Purchase Regulations - The policy allows families to purchase an unlimited number of homes outside the outer ring road, while limiting purchases to two homes within the inner ring for local residents and single adults [7]. - Non-local residents can also purchase homes outside the outer ring without limits, provided they have paid social insurance or income tax in Shanghai for at least one year [7]. Group 3: Housing Fund and Loan Policies - The new regulations increase the maximum loan amount for housing provident funds, with first-time buyers eligible for higher loan limits based on property type and family size [8][9]. - The policy supports the withdrawal of housing provident funds for down payments, allowing individuals to extract funds without affecting their loan limits [9]. - The interest rate pricing mechanism for commercial housing loans will be optimized, removing distinctions between first and second home loans to ease the financial burden on residents [10].

Core Insights - Shenzhen's real estate market has responded positively and swiftly to the new policy, with significant increases in both second-hand and new home transaction volumes during the first weekend after implementation [1][3]. Group 1: Second-hand Market Performance - During the first weekend post-policy, the signing volume at Beike's partner stores for second-hand homes increased by 33% compared to August and by 60% compared to July [3]. - The policy has encouraged previously hesitant buyers to make purchasing decisions, leading to a rapid increase in transaction volumes [3]. - The viewing volume for second-hand homes at Le You Jia's stores rose by 12%, with the highest increase in the Luohu district at 43% [4]. Group 2: New Home Market Activity - New home purchases at Beike's partner stores saw a 40% increase compared to the average for the weekend in August and a 50% increase compared to July [3]. - The rise in new home market activity is attributed to both policy stimulation and developers increasing their sales efforts and promotional strategies [3]. Group 3: Regional Transaction Data - Luohu and Bao'an districts emerged as the main transaction areas following the new policy, with Luohu's second-hand home signing volume doubling (100% increase) compared to the previous weekend, and Bao'an showing a 69% increase [3]. - Luohu's appeal is driven by its established commercial infrastructure and quality educational resources, while Bao'an attracts younger buyers due to its industrial concentration and transportation convenience [3]. Group 4: Market Confidence and Demand - The new policy effectively addresses market demand by relaxing purchase restrictions and optimizing credit, thereby lowering entry barriers for new citizens and young buyers [4]. - The restoration of market confidence has led to a concentrated release of existing demand, resulting in a balanced supply and demand situation [4]. - The ongoing effects of the policy are expected to maintain a phase of active engagement in Shenzhen's real estate market [4].

中金指出，本次深圳楼市政策的跟进调整符合此前预期，3个超高能级城市在本轮调整中均侧重于激发 外围地区的多套购房需求，深圳在限购条件设置上较北京、上海更为宽泛。往前看，整体地产销售表现 的持续好转，仍待存量房收储和城中村改造等对供需面有持续改善效果的政策切实落地，从而与头部城 市限购政策调整带来的情绪提振形成协同效应，建议持续关注政策进展。 内房股早集体走高，截至发稿，碧桂园(02007)涨10.42%，报0.53港元；旭辉控股(00884)涨4.05%，报 0.231港元；万科企业(02202)涨3.07%，报5.38港元；远洋集团(03377)涨2.52%，报0.122港元。 消息面上，继北京和上海之后，深圳在9月5日深夜发布了重磅楼市新政。中信建投（601066）表示，本 次楼市新政，对非核心区域(除福田区、南山区、宝安区新安街道外的所有区域)限购进行了大力度放 松，同时商贷利率不再区分首套房与二套房。从限购放松的力度对比，深圳此次新政力度大于8月出台 新政的北京和上海。 ...

来论 8月份以来，北京、上海、深圳这三个一线城市相继调整了楼市政策，共同点就是收缩了限购政策的空 间，比如京沪深三地户籍居民家庭在外围(北京五环外、上海外环外、深圳原特区外和罗湖区)购买住房 不限套数，深圳缴纳1年及以上社保或个税的非户籍居民在非限购区也不限套数，盐田、大鹏两区"不再 审核购房资格"，单身人士比照家庭条件执行等。 深圳限购政策的调整略超预期:一是限购范围大幅度收窄，作为特区的罗湖区也退出了限购；二是限购 人群历史性放宽。去年9月30日的新政中，深圳对居民家庭购房还有限制，比如深圳二孩及以上户籍家 庭才能在非限购区多买1套，符合1年社保的非深户家庭可在非限购区只能买1套，现在这些限制放开 了；三是单身人士过去购房有两个硬性条件，即"年满35岁、只能买1套"，现在则比照家庭执行，可以 购买的套数明显增加了。 另外，深圳还放开企事业单位购房限制。在新限购区域范围内，满足设立年限满1年、在本市累计缴纳 税款金额达100万元、员工人数10名及以上的企业即可以购房，且不受套数限制。同时，在利率定价机 制安排方面不再区分首套住房和二套住房，这一点与上海类似。 深圳政策力度较大，原因主要是:一方面，深圳楼市调 ...

（四）成年单身人士按照居民家庭执行商品住房限购政策。 二、分区优化调整企事业单位购买商品住房政策 企事业单位可在本市范围内购买商品住房，用于解决员工住房等需求。其中，在福田区、南山区和宝安区新安街道范围内购买商品住房，需 同时满足设立年限满1年、在本市累计缴纳税款金额达100万元人民币、员工人数10名及以上条件；在本市其他区域购买商品住房，不再审核 购房资格。 深圳市住房和建设局、中国人民银行深圳市分行9月5日晚发布通知，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，经市政府同意，现就进一步优化调整房地产政策措施通知如下： 一、分区优化调整居民购买商品住房政策 （一）符合本市商品住房购买条件的居民家庭（包括本市户籍居民家庭、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 的非本市户籍居民家庭），在罗湖区、宝安区（不含新安街道）、龙岗区、龙华区、坪山区、光明区范围内购买商品住房不限套数。 （二）无法提供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年及以上证明的非本市户籍居民家庭，在罗湖区、宝安区（不含新 安街道）、龙岗区、龙华区、坪山区、光明区范围内购买商品住 ...

楼市新政解读：首付、利率双降，点燃市场回暖希望？ 市场信号初现：告别"跌跌不休"，迎接"止跌回升" 国家统计局最新发布的重磅数据揭示了一个令人欣喜的转折：截至2025年8月底，全国70个大中城市新建商品住宅价格指数，已悄然实现连续三个月的环比 上涨，成功摆脱了此前的下跌态势。然而，就在人们对楼市是否已真正触及"底部"并开启回暖之路仍存一丝疑虑之际，2025年9月，一场围绕购房首付比例 和贷款利率的史无前例的政策巨变，如同一声号角，正式奏响了楼市的新篇章。这场被业内誉为"史上最强松绑"的调整，能否成为驱动楼市走出低谷、迈向 复苏的关键转折点？ 政策力度空前：首付、利率再下探，购房门槛大幅降低 本轮楼市政策调整的来势之迅猛、力度之空前，无疑超出了市场的普遍预期。9月1日，中国人民银行与国家金融监督管理总局联合发声，宣布全面下调房贷 首付比例和贷款利率标准。这并非首次的政策"呵护"，继2024年9月那次力度颇大的首次松绑之后，此次的调整更是将"利好"推向了新的高度。回顾今年1-8 月，全国商品房销售面积同比仍有3.7%的降幅，新政的出台，无疑是为在持续压力下喘息的房地产市场注入了一剂强心针，其目的昭然若揭：提振信心 ...

Core Insights - The new policy implemented in Shanghai aims to stimulate the real estate market by relaxing housing purchase restrictions and adjusting mortgage rates, leading to a significant increase in buyer activity and market confidence [1][10]. Policy Adjustments - The Shanghai government announced six key adjustments to real estate policies, including changes to housing purchase limits, public housing funds, housing loans, and tax measures, which took effect on August 26 [1]. - The new policy allows families to purchase unlimited properties in outer ring areas and treats single individuals as families for purchasing purposes [4]. Market Response - Following the policy changes, there was a notable surge in property viewings and inquiries, with some new developments reporting a 20% increase in viewings attributed to the new policy [2][5]. - In the first weekend after the policy was enacted, new home sales in areas like Qingpu saw rapid activity, with many units sold out quickly [2][9]. Mortgage Rate Adjustments - The mortgage rate for existing loans was adjusted, with rates for second homes being converted to first-home rates, resulting in a decrease from 3.45% to 3.36%, a reduction of 9 basis points [1]. - Banks such as China Construction Bank and Beijing Bank have begun processes to adjust existing mortgage rates for clients [1]. Buyer Demographics - The new policy has particularly benefited non-local families who can now purchase homes after one year of social security contributions, as well as local residents who previously faced purchase restrictions [4]. - Buyers reported significant reductions in down payment pressures, with one buyer noting a decrease of nearly 200,000 yuan in upfront costs due to the ability to use public housing funds [4]. Market Trends - The second-hand housing market also experienced increased activity, with agents reporting a 20% rise in viewing numbers and a shift in seller attitudes, leading to price adjustments to attract buyers [6][7]. - The overall sentiment in the market is cautiously optimistic, with expectations that the policy will lead to a more sustained recovery in the coming months [8][10].

Group 1 - The core policy adjustment in Suzhou is the cancellation of the restriction that new residential properties cannot be transferred until two years after obtaining the property rights certificate, aimed at stimulating housing demand and improving market liquidity [1] - The real estate market in Suzhou has been under pressure, with a 10% year-on-year decline in the transaction area of new residential properties from January to July 2025, totaling 1.781 million square meters, while the average transaction price remained stable at 26,060 yuan per square meter [1] - The second-hand housing market is characterized by high listings and low transactions, with over 200,000 units currently listed, indicating intense competition [1] Group 2 - The policy aims to break the "institutional bottleneck" in the trading of improved housing, facilitating a smoother transition from second-hand to new housing purchases, thereby enhancing supply-demand matching efficiency [2] - The unlocking of housing supply is expected to increase the availability of second-hand homes, potentially leading to price reductions as some investors may sell at lower prices, intensifying competition in the new housing market [2] - Real estate companies are advised to focus on cash flow management and adopt prudent strategies to avoid overexpansion in response to short-term market improvements [2] Group 3 - The policy may lead to an increase in loan demand as replacement needs are released, presenting new business opportunities for financial institutions, but there are concerns about potential risks of bad loans due to market overheating [3] - Buyers are advised to make rational decisions despite the increased availability of second-hand homes and improved bargaining power, considering various factors such as price, transaction taxes, and personal housing needs [3] - The policy adjustment in Suzhou is expected to have a strong demonstration effect, prompting other cities to implement targeted measures to stabilize market expectations and promote a healthy real estate cycle [3]

Group 1: Economic Indicators - Federal Reserve Chairman Powell indicated that despite ongoing inflation risks, the Fed may lower interest rates in the coming months, leading to market speculation of a rate cut in September [1][3] - The capital market has been positively impacted by these indications from the Fed [1] Group 2: Real Estate Policy Changes - Shanghai has announced the "Six Measures" to optimize and adjust real estate policies, effective from August 26, 2025, which includes reducing purchase restrictions, optimizing housing provident fund policies, and improving personal housing property tax [2][4] - The adjustments aim to better meet residents' housing needs and promote a stable and healthy real estate market [2] Group 3: Steel and Coal Market Updates - Steel and coal markets are experiencing price adjustments, with the eighth round of price increases for coke starting on August 26, with specific price hikes for different types of coke [2] - The total inventory of construction steel in cities has reached 4.6419 million tons, an increase of 216,000 tons (4.88%) from the previous week, marking the tenth consecutive week of inventory growth [3][4] - Iron ore prices are strengthening, and steel raw material prices are expected to rise, with short-term rebar prices likely to remain strong [1][4]