48 hours after the rollout of Beijing's new property market policies, even real estate agents are stepping in to purchase homes! Experts point out that the policy is targeted to release home purchase eligibility for groups with genuine housing demand within the Fifth Ring Road.
On August 8, the day after the release of Beijing's new property market policy, Lin Jie (pseudonym), a real estate agent in Beijing, signed his own housing purchase contract.
Lin Jie already had the intention to buy a property. The reason why he made up his mind the day after the new property market policy was released is that, on the one hand, he felt that there was little fluctuation in Beijing's current real estate market, and it was a good time to make a move once he found a suitable housing source; on the other hand, the release of the new policy would affect homeowners' mentality, and if he did not make the move that day, the property he intended to buy might be sold out quickly.
"Now there are fewer and fewer good houses, and the number of newly listed high-quality housing sources is also decreasing. Besides, I have calculated that buying a house is more cost-effective than renting now, and the monthly mortgage payment for buying a house is not much different from the rent. After the new policy was released, the provident fund loan limit is higher than before, which is more friendly to married people, and it also reduces the housing purchase cost in a disguised form." Lin Jie said that some of his colleagues also signed housing purchase contracts on the same day, who are also rigid-demand first-time home buyers.
The introduction of the new policy has indeed stimulated some rigid-demand home buyers to speed up their entry into the market.
On August 7, Beijing Municipal Commission of Housing and Urban-Rural Development, Beijing Municipal Commission of Planning and Natural Resources, and Beijing Housing Provident Fund Management Center jointly issued the "Notice on Further Optimizing and Adjusting the City's Real Estate Policies" (hereinafter referred to as the "Notice"), putting forward 7 policy measures in three aspects, including optimizing housing purchase restriction policies, improving housing gift policies, and increasing the support of housing provident fund. The new policy came into effect on August 8.
This is another optimization measure for real estate policies introduced in Beijing after two rounds of adjustments in August and December 2025. "Different from the previous flood-like stimulus, this plan follows the route of stock optimization and precise dredging." CRIC Research analyzed in the report that this new policy in Beijing is a typical refined regulation optimization oriented by stock and people's livelihood, without strong stimulus, focusing on solving three practical pain points: the rigid demand for house purchase by non-local residents, the intergenerational inheritance of family real estate, and the residents' demand for housing improvement and replacement.
Expert: The effect of "adjusting the requirement from 2 years to 1 year" is worth expecting
In this new property market policy of Beijing, there are several core changes. The first one is the adjustment of the threshold of housing purchase restriction for non-Beijing registered residents. The Notice clearly stipulates that for non-Beijing registered families purchasing commodity housing within the Fifth Ring Road, the number of consecutive years of social security payment or tax payment is reduced from 2 years to 1 year.
After the adjustment, non-Beijing registered families who have paid social security or personal income tax for 1 full year can purchase 1 set of commodity housing within the Fifth Ring Road, and multi-child families can purchase 1 more set; there is no limit on the number of housing purchases outside the Fifth Ring Road.
Gao Yuan, Dean of the Beijing Lianjia Research Institute, believes that this adjustment of the payment period of social security or personal income tax is friendly to rigid-demand home buyers, and can directionally release the qualification of rigid demand for house purchase within the Fifth Ring Road.
Looking back at the policy issued on December 24, 2025, the policy at that time reduced the social security or personal income tax payment period for non-Beijing registered families to purchase commodity housing within the Fifth Ring Road from "3 years" to "2 years". Gao Yuan said that after the introduction of this previous policy, the activity of Beijing's housing market increased significantly. In the first half of 2026, the rigid demand group was active, and the proportion of entry-level housing sources with low total price was nearly 70%, which is inseparable from the "1224" policy.
Therefore, Gao Yuan believes that the effect of this new policy of "adjusting the requirement from 2 years to 1 year" for non-Beijing registered residents within the Fifth Ring Road is also worth expecting. However, he also mentioned that from the perspective of time point and transmission rhythm, the rigid demand for house purchase has typical seasonal characteristics of being active at the beginning and end of the year. From demand stimulation to house viewing to actual transaction, the transmission chain usually takes 70 to 100 days, which means that the stimulating effect of this policy will take longer to show, and it is expected to be gradually reflected in the data from the end of the fourth quarter to the first quarter of next year.
Another core change of this new property market policy is the increased support for housing provident fund.
Previously, the maximum provident fund loan limit for the first house in Beijing was 1.2 million yuan (excluding floating upward), and the maximum loan limit for the second house was 1 million yuan (excluding floating upward).
However, the new policy has doubled the maximum loan limit (excluding floating upward) for both the first house and the second house of families where both spouses pay the provident fund. According to the Notice, for families where both husband and wife are provident fund contributors, the maximum provident fund loan limit for purchasing the first house is 2.4 million yuan, and the maximum provident fund loan limit for the second house is 2 million yuan.
In addition, in accordance with Beijing's new property market policy, the maximum provident fund loan limit can be further increased for families that meet the conditions such as green buildings and two-child families. After combining various preferential policies, the maximum provident fund loan limit for the first house of a couple can reach 3.4 million yuan.
For home buyers, raising the loan limit means reducing the housing purchase cost and the pressure of monthly mortgage payment. Previously, due to the limited provident fund loan limit, home buyers could only choose commercial loans or portfolio loans. Now many home buyers can fully use the provident fund loan with lower interest rate.
Wang Xiu (pseudonym), a real estate agent in Beijing, said that the five-year or more commercial loan interest rate for the first house in Beijing is 3.05%, and the provident fund loan interest rate for the first house is 2.6%. The increase of the provident fund loan limit by more than one million yuan means that a lot of interest can be saved.
"Taking a loan of 2 million yuan with 30-year equal principal and interest repayment as an example, after the introduction of the new policy, the monthly commercial mortgage payment for the first house is 8,486 yuan, and the monthly provident fund mortgage payment is 8,007 yuan. Using the provident fund loan can save 479 yuan per month, and the total interest saved is about 173,000 yuan." Wang Xiu said.
In addition, the optimization of the linkage with the payment period is also a positive factor. Previously, home buyers could borrow 150,000 yuan for every year of provident fund payment. The new policy changes it to that a single person can borrow 200,000 yuan for every year of provident fund payment, and a couple can borrow 400,000 yuan. If the payment period is less than one full year, it is calculated as one full year.
Gao Ning (pseudonym), a real estate agent in Beijing, told the reporter of Time Weekly that the above changes are more friendly to customers with rigid demand and home buyers who have not paid the provident fund for a long time. "For example, in the past, to get a provident fund loan of 1.2 million yuan, you needed to pay the provident fund for 8 years (at least 7 years and 1 month), but now you can get a loan of 1.2 million yuan after 6 years (at least 5 years and 1 month)."
"The original policy required at least 7 years and 1 month to reach the full loan limit. Under the new policy, young people can reach the full limit 2 years earlier. From the perspective of home buyers, they can buy houses earlier, and from the perspective of the market, it increases the number of customers. Its importance is no less than the increase of the loan limit itself." Gao Yuan said.
Housing Purchase Demand Still Exists
Reporters from Time Weekly learned from many second-hand housing agents and new house sales consultants that the introduction of the new policy has brought a higher volume of house viewings and consultations in the short term.
Gao Ning told the reporter of Time Weekly that the new policy is already very loose now, and the number of customers who view and buy houses has increased significantly recently, and everyone thinks that it is a good time to make a move after the new policy is released.
On the one hand, Gao Ning believes that after the introduction of the new policy, the psychological price of sellers will rise accordingly. After this wave of high-quality inventory housing sources is digested, the prices of newly registered houses may be relatively higher. On the other hand, Gao Ning found that the current provident fund loan interest rate of 2.6% is already very low, and the rental return rate in some areas has reached 3%. Even if the house is rented out after purchase, the rental income will be higher than the monthly provident fund mortgage payment.
The China Index Academy believes that this policy optimization has a relatively large intensity. Beijing's housing purchase restriction policy has reached the most lenient stage in recent years, and the support of provident fund has been greatly improved. It is expected to further stabilize market expectations, and the transaction activity of new houses and second-hand houses is expected to increase in the short term.
Some people hold a cautious attitude towards the impact of the new policy. On August 8, Ding Liang, a new house sales consultant in charge of some new real estate projects in Changping District, posted a video on social platforms saying "On the first day of Beijing's new policy, the new real estate site is extremely popular". Ding Liang described the scene of the new real estate near Beiqing Road in the video: "After the introduction of Beijing's new policy, the first batch of home buyers appeared. The sample room upstairs is crowded with people, and everyone can't even get into the elevator."
However, Ding Liang also confessed to the reporter of Time Weekly that the scene was full of people that day. In addition to the driving effect of the new property market policy, it was more due to the superposition of multiple factors: weekends are already the peak period of consultation, and developers have great preferential strength for new real estate projects. In addition, Beijing's real estate market tended to be stable in the first half of this year, and the wait-and-see crowd chose to enter the market gradually in the second half of the year.
Ding Liang has been engaged in Beijing's real estate market for more than ten years. He has experienced the market peak of selling 5 houses a month, but now he also calmly accepts the market trough of selling one house in one or two months.
In Ding Liang's view, the greater significance of Beijing's new property market policy lies in boosting market confidence and inspiring people, and confidence is crucial to whether the market can pick up.
In fact, the housing purchase demand in the current real estate market still exists.
Gao Ning is mainly responsible for the second-hand housing sales in Dongba area near the East Fifth Ring Road. He told the reporter of Time Weekly that since the beginning of this year, the transaction volume of housing sources within 2 million yuan in Dongba area has been very active. "The properties we are responsible for are mainly priced from 1.5-1.6 million yuan to 2.5-2.6 million yuan, with a monthly transaction volume of about 13 to 14 sets, with an average of one set sold every two days."
Ding Liang also felt the "heat" of the market, which is due to factors such as the opening node and product scarcity. Taking a real estate project 3 kilometers north of the North Fifth Ring Road as an example, the project opened in May this year, attracting groups from Haidian District who purchase new houses for improvement and replacement. According to his understanding, the project sold about 600 housing units in one month, more than 700 units in two months, with an online signing rate of over 80%.
"There have been no new real estate projects in this area for 6 years, and the market demand has been accumulated for an extremely long period. Due to the scarcity of products and good product strength, there are a large number of home buyers, and the houses are sold very fast. This is the fastest-selling real estate project I have known in the past three years." Ding Liang said.
This article is from the WeChat official account "Time Weekly" (ID: timeweekly), written by Yan Xiaohan, and released with authorization from 36Kr.