Shanghai housing provident fund can borrow up to 3.24 million yuan, experts say the real estate market may usher in a small spring.

On the 25th, Shanghai released the "Shanghai Seven Measures" for the real estate market. Yan Yuejin, Deputy Dean of the Shanghai E-house Real Estate Research Institute, stated that the real estate policies released by Shanghai involve seven aspects, including adjustments to the purchase restrictions, optimization of the housing provident fund policy, and improvement of the property tax policy. The notice explicitly states that the maximum loan amount for housing provident fund loans will be moderately increased. The maximum loan amount for the housing provident fund loans for households purchasing their first home will be raised from 1.6 million yuan to 2.4 million yuan. Yan Yuejin stated that with the addition of the floating policy for households with multiple children and purchasing green buildings, the maximum individual housing provident fund loan amount in Shanghai after the new policy can reach 3.24 million yuan, leading the country at a national level. Yan Yuejin summarized that currently, the overall performance of the real estate market in various cities, including first-tier cities, is good, especially the data for the first two months of this year. Combining these policies, the market outlook for the "mini spring" season is promising. First-tier cities have played a leading role in the stabilization of the real estate market in this round, and market expectations are expected to further improve in the future.