Major Adjustment of Beijing Property Market Policy! Buying a house after divorce is no longer restricted
Some analysts say that no additional restrictions on home purchases after divorce will help stabilize real market demand, and property market policies are expected to continue to be loose in the future. The optimization of Beijing’s property market policies has attracted much attention.
On March 27, there was market news that Beijing’s purchase restriction policy document “No one is allowed to purchase a house in Beijing within three years of divorce” was abolished. In response, a Securities Times reporter called the Beijing Municipal Housing and Urban-Rural Development Commission, and a staff member responded: “This is true, and it will be implemented today.”
At the same time, a reporter from the Securities Times found on the official website of the Beijing Municipal Housing and Urban-Rural Development Commission that the relevant documents have been marked “abolished.”
Industry insiders interviewed by reporters from the Securities Times believe that the fine-tuning of Beijing’s purchase restriction policy is in line with market expectations. The cancellation of the divorce purchase restriction policy will help release some real demand for home purchases, indicating that the home purchase policy in first-tier cities has been further adjusted and optimized, and objectively responded to the previous National Standing Committee meeting. Further optimize the guidance of real estate policies.
“No house purchase in Beijing within 3 years of divorce” is abolished
On March 27, there was market news that Beijing’s purchase restriction policy document “No one is allowed to purchase a house in Beijing within three years of divorce” was abolished.
A reporter from the Securities Times found on the official website of the Beijing Municipal Housing and Urban-Rural Development Commission that the relevant documents already showed the word “abolished”. However, there is no date on which it was abolished.
Subsequently, a reporter from the Securities Times called the Beijing Municipal Housing and Urban-Rural Development Commission for consultation, and a staff member responded: “This is true, it was implemented today, and we just received it.”
The staff member further explained to the Securities Times reporter: “When reviewing your home purchase qualifications, the divorce materials, the number of years of divorce, and the number of homes purchased by the family before the divorce will no longer be reviewed. When purchasing a home, you no longer need to go to the window to verify the divorce information.”
It is understood that Beijing’s purchase restriction policy document of “no house purchase in Beijing within 3 years of divorce” was issued and implemented on August 5, 2021. It clarifies that if a couple divorces, the number of housing units owned by the original family before the divorce does not comply with Beijing’s commercial housing purchase restrictions. According to the policy, neither party is allowed to purchase commercial housing in Beijing within 3 years from the date of divorce.
Fine-tuning policies will help release some real needs
Regarding the impact of Beijing’s further optimization and adjustment of the purchase restriction policy, Zhang Dawei, chief analyst of Centaline Real Estate, said in an interview with a reporter from the Securities Times that the property market policy will definitely continue to be loose in the future. This can be seen from the recent response of the Beijing Deputy Mayor at the press conference of the State Council Information Office. Policies will continue to be loose. So far, among the first-tier cities, Guangzhou has almost all relaxed its property purchase restriction policy, Shenzhen has also relaxed its purchase restriction policy, and there are also obvious signs of relaxation in Shanghai. Beijing’s property market has always been relatively stable among all cities in the country, and its policies are still the most strictly implemented, whether it is home purchase qualifications, loan qualifications, mortgage down payments and interest rates. The fine-tuning of the property market purchase restriction policy is in line with…
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