Beijing has further loosened the city's housing policy, with a former measure that restricts certain people from buying new homes in the city nullified on Wednesday, according to the latest information on the city's official website for housing on Wednesday. This is among national loosing policies on the real estate sector to encourage house purchases while maintaining market order.
The move is being viewed as being of significance, and means that in the second quarter, more localities will further adjust their real estate policies, and objectively respond to the guidance of further optimizing policies targeting the real estate market released by the State Council, analysts said.
Buying a house in Beijing after divorce is no longer subject to a time limit as of Wednesday, news portal cls.cn also reported, citing an official from the Beijing Municipal Commission of Housing and Urban-Rural Development.
According to the website of Beijing's housing commission, the document, which was originally issued in 2021 and imposed restrictions on divorced homebuyers, became invalid, as seen by the Global Times on Wednesday.
The original document specified that if a couple is divorced, and the number of properties owned by the original family before the divorce does not meet the provisions of the commercial housing purchase restriction policy of the city, then any party shall not buy commercial housing in the city within three years from the date of divorce.
The initiative behind the release of the document was to follow the principle that houses are for living in, not for speculation, as posted on the website of the Beijing Municipal Commission of Housing and Urban-Rural Development.
