继北京五环外限购"松绑"后，北京再次对楼市进行精准调控。12月24日，北京市住房城乡建设委、北京 市发展改革委、人民银行北京市分行、北京住房公积金管理中心等4部门联合印发《关于进一步优化调 整本市房地产相关政策的通知》（以下简称"通知"），放宽非京籍家庭购房条件，同时支持多子女家庭 住房需求。 根据通知，一是放宽非京籍家庭购房条件。将非京籍家庭购买五环内商品住房的社保或个税缴纳年限， 由现行的"3年"调减为"2年"；购买五环外商品住房的，由现行的"2年"调减为"1年"。二是支持多子女家 庭住房需求。二孩及以上的多子女家庭，可在五环内多购买一套商品住房，即：京籍多子女家庭，可在 五环内购买3套商品住房；在京连续2年缴纳社保或个税的非京籍多子女家庭，可在五环内购买2套商品 住房。 不同于此前北京出台的优化已具备购房资格人群购房政策，此次政策降低了非户籍家庭购房的社保/个 税年限要求，直接扩大了购房需求群体规模，并增加了多孩家庭购房套数，有望促进非京籍及多孩家庭 住房需求释放。中指研究院指出，此次政策延续"渐进式"推进节奏，促进符合要求购房者进入市场。 58安居客研究院院长张波分析，通过对"非京籍新市民"与"多子女 ...

Core Viewpoint - The "825" policy in Shanghai is a targeted regulatory measure aimed at lowering the home purchase threshold for eligible residents, alleviating inventory pressure in the outer ring, and boosting market confidence [1][2]. Group 1: Policy Details - The new policy includes four main aspects: no purchase limits for eligible buyers outside the outer ring; a significant increase in the public housing fund loan limit, up to 2.16 million yuan; no differentiation in mortgage rates between first and second homes; and upgraded property tax exemptions for non-local buyers [1][7]. - The policy is designed to support both first-time and upgrading homebuyers, thereby promoting a balanced residential market and accelerating the implementation of new housing standards [1][2]. Group 2: Market Impact - The policy is expected to stimulate market expectations and accelerate the release of housing demand, particularly benefiting families looking to purchase retirement or vacation properties [2][9]. - The removal of purchase limits for eligible buyers outside the outer ring is anticipated to facilitate the sale of new homes and stabilize second-hand home prices [2][9]. Group 3: Financial Support Measures - The new policy eliminates the interest rate difference between first and second homes, which is expected to reduce the repayment burden for upgrading buyers and those with asset allocation needs [7][8]. - Public housing fund usage has become more flexible, allowing buyers to use their fund balances for down payments without affecting their loan limits, thus enhancing their purchasing capability [8][9]. Group 4: Inventory and Demand Dynamics - The current inventory in the outer ring is significant, with new home inventory accounting for 80% of the total, and the policy aims to release purchasing power to further reduce this inventory [9][10]. - The policy is likely to attract buyers who previously faced restrictions, enabling them to purchase properties in the outer ring while alleviating pressure on the second-hand market [10][11].