北京楼市新政落地后影响如何？ 证券时报记者多方采访了解到，北京楼市新政实施以来，看房量和成交量均较新政前有了明显增加，其 中，新房日均成交涨幅超过二手房。业内人士认为，市场信心与需求释放动能增强，整体看，市场企稳 的积极信号有所显现，预计今年一季度北京楼市成交保持高位，刚需和改善性需求将持续释放。 中原地产首席分析师张大伟告诉记者，北京楼市新政实施以来，多个楼盘到访量上涨30%以上，二手房 看房量也有明显增加，推动了市场成交量上行，市场信心与需求释放动能强劲，整体看，市场企稳的积 极信号有所显现。 "从看房量的表现来看，确实能体现出市场热度的回升，新政后首个周末的看房量平均比新政前增加了 30%~40%左右，一些热点项目的看房量和成交量涨幅更加明显。"合硕机构首席分析师郭毅对记者说， 此次北京新政对市场预期的回升起到了助力作用。 郭毅进一步指出，此次购房成本的降低及五环内限购套数的优化，对于一部分改善性家庭来说，购买五 环内的商品房，无论是从自身生活需要的刚性需求出发，还是从资产配置角度出发都给予了一定的支 持，所以五环内项目到访量的提升速度更为明显。 "而从实际成交来看，新房的成交涨幅超过二手房，核心原因是 ...

Core Viewpoint - The new housing policy aims to alleviate the difficulties faced by first-time homebuyers, stabilize the real estate market, and promote economic growth in response to a significant decline in housing sales and prices [1][2][3] Policy Background - The introduction of the new housing policy is a necessary measure following a deep adjustment in the real estate market, with national housing sales area down 8.7% and sales revenue down 12.3% in the first half of 2025 [2] - The real estate sector contributes 17.2% to GDP and supports over 40 related industries, highlighting its critical role in the economy [2] Series of Benefits - The new policy includes multiple adjustments to financing, tax, and purchase requirements, aimed at revitalizing the housing market [4] - The minimum down payment for first-time homebuyers has been reduced from 30% to 20%, with some cities allowing as low as 15% [6] - The maximum interest rate for first-time home loans has been set at 3.6%, a reduction of 1.2 percentage points from previous levels [6] - The maximum public housing loan amounts have been increased to 120 million in first-tier cities, 100 million in second-tier cities, and 80 million in third and fourth-tier cities [6] - Some cities have relaxed purchase restrictions, making it easier for new residents to qualify for home purchases [7] - The tax rate for first-time home purchases has been lowered from 1.5% to 1%, and the exemption period for value-added tax on second-hand homes has been reduced from 5 years to 2 years [9] Official Interpretations - The policy defines "first-time homebuyers" as families with no more than one home, aged 22 to 45, with income at or below the local median [10] - The policy will be implemented in phases, starting with 22 cities on July 15, 2025, and expanding to others by October 1 [10] - The application process for the new policy is straightforward, requiring basic documentation such as proof of income and housing status [11] Future Outlook - The real estate market may see a gradual easing of price controls, allowing for a potential 5% price adjustment in certain areas [16] - There will be significant investment in the long-term rental apartment market, providing more housing options for those unable to purchase homes [16] - Policies encouraging elderly housing exchanges, such as "housing for pension," are expected to release approximately 12 million housing units [16] - The trial expansion of real estate taxes is anticipated, targeting families with three or more homes [16]

Core Points - The Beijing Municipal Housing and Urban-Rural Development Committee and the Beijing Housing Provident Fund Management Center issued a notification to optimize and adjust real estate policies, effective from August 9, 2025 [1] Group 1: Policy Changes - Families meeting the criteria will no longer have restrictions on the number of homes they can purchase outside the Fifth Ring Road in Beijing [3] - The notification specifies that eligible residents, including local families and non-local families who have paid social insurance or individual income tax for at least two years, can buy an unlimited number of homes outside the Fifth Ring Road [3] Group 2: Housing Provident Fund Support - The notification enhances support for housing provident fund loans in four ways: 1. Expanding the scope of first-home provident fund loan support for applicants without housing in Beijing and who have not taken out a provident fund loan nationwide or have fully repaid one loan [4] 2. For second-home purchases using provident fund loans, the maximum loan amount is set at 1 million yuan, with a minimum down payment ratio of no less than 30% [4] 3. Applicants can borrow 150,000 yuan for each year of provident fund contributions, with partial years calculated as a full year [4] 4. Support for applicants to withdraw provident fund for down payments while simultaneously applying for provident fund loans [5]