Core Insights - The Beijing second-hand housing market is experiencing a structural recovery during the "Golden September" period, with a significant increase in transaction volume [1][3] - The recent "8·8" housing policy has provided a pathway for homebuyers with demand, leading to a release of pent-up demand and an increase in overall transaction volume [1][6] Market Performance - As of September 28, the number of signed second-hand housing contracts in Beijing reached 14,153, marking a year-on-year increase of 6.62% compared to 13,274 contracts in September 2024, and a month-on-month increase of 16.83% from August [3][4] - The market has shown a continuous upward trend for two consecutive months, indicating a positive market sentiment and effective policy impact [3][4] Demand Dynamics - The increase in demand is attributed to both seasonal factors and favorable policies in first-tier cities, which have activated both first-time and upgrade buyers [4][7] - In the outer areas beyond the Fifth Ring Road, the relaxation of purchase restrictions has allowed previously qualified buyers to enter the market, leading to a notable increase in transaction volumes [6][7] Buyer Behavior - Buyers are increasingly opting for quality second-hand homes that are ready for immediate occupancy, as they prefer not to wait for new constructions [6][8] - The adjustment in policies has significantly reduced down payment requirements, making home purchases more accessible and stimulating market activity [8] Core Area Resilience - The core area of Beijing's second-hand housing market remains stable, with a consistent level of inquiries and an increase in property viewings [10][11] - The "Golden September" period is seen as an ideal time for families with school-age children to purchase homes due to ample supply and stable prices [12][13] Future Outlook - The market is expected to continue its recovery as more properties return to reasonable pricing, enhancing their competitiveness and aligning with buyer expectations [13]