After Zhengzhou, Another City relaxed its purchase restriction policy.
On March 30th, the news confirmed from the Fuzhou Real Estate Trading Center of Fujian Province that there is no need to provide social security or tax certificate or settle down in the main urban area of Fuzhou. And the transfer procedure can already be done.
Fuzhou has 6 districts: Drum Tower, Taijiang, Cangshan, Jin’an, Mawei and Changle, Minhou, Lianjiang, Luoyuan, Minqing, Yongtai, 6 counties in Pingtan and Fuqing City.
It was previously reported by the media that non-Fuzhou Wucheng households (including Hong Kong, Macao and Taiwan) who buy a house in Wucheng do not need to provide medical social insurance or tax payment certificates for 12 months in the past two years Or settle down, you can buy an ordinary house below 144 square meters in the five urban districts of Fuzhou, and the house will still be affected by the sales restriction policy after the purchase. In addition, Changle household registration is also a local household registration in Fuzhou. Homebuyers with Changle household registration can purchase two sets of residences in the five urban areas of Fuzhou.
Fuzhou Real Estate Trading Center said that the rules and documents such as buying a few sets and restricting sales have not yet been issued, but relevant procedures can already be handled.
Zhang Bo, president of the 58 Real Estate Research Institute, pointed out that there is a basis for relaxing purchase restrictions in Fuzhou. Judging from the market in Fuzhou, the land market is still at a low point. In the first batch of land transfers in 2022, 2 of the 17 lands were unsold, 3 were cancelled, and only 4 were sold at a premium. At the same time, the de-purchasing cycle of commercial housing is relatively long, and the de-purchasing cycle of commercial housing in the five districts is nearly 20 months, and the situation of oversupply in the market is still obvious. In this context, moderate relaxation of purchase restrictions is conducive to the balance of market supply and demand, and is more conducive to alleviating the structural pressure on supply. In addition, Fuzhou does not fully relax the purchase restrictions. From the perspective of relaxation, there are certain requirements for the area, emphasizing ordinary houses under 144 square meters, and the purpose is to more guarantee the needs of the first type of rigid demand.
According to incomplete news statistics, since March, Fuzhou, Zhengzhou, Harbin, Qingdao Jimo and other places have lifted restrictive measures such as purchase restrictions and sales restrictions.
Multi-city cancels restrictive measures such as purchase restrictions and loan restrictions
On March 1 this year, Zhengzhou fired the first shot of “removing purchase restrictions”, and at the same time Announced the cancellation of the “Policy of Recognizing Houses and Loans”.
Zhengzhou issued “About Promoting the Benign Cycle of Real Estate Industry”It is clearly stated in the Notice on Environmental Protection and Healthy Development that the burden of individual housing consumption should be reduced. Guide financial institutions in Zheng to increase the provision of personal housing mortgage loans and reduce housing loan interest rates. For families who own a house and have paid off the corresponding house purchase loan, in order to improve their living conditions and apply for a loan to purchase ordinary commercial housing again, banking financial institutions implement the first-home loan policy. This also means that Zhengzhou has officially cancelled the “recognizing house and loan policy”.
At the same time, Zhengzhou took the lead in relaxing the purchase restriction policy. The “Notice” stated that in order to meet the needs of home care for the elderly, children and close relatives who work and live in Zhengzhou are encouraged to People come to Zheng to invest in their own care, allowing their families to buy a new house.
The Harbin Housing and Urban-rural Development Bureau issued a notice on March 23, stating that, with the approval of the municipal government, in view of the “Harbin Municipal People’s Government General Office on Further Strengthening the Regulation of the Real Estate Market” The Circular of the People’s Republic of China (Ha Zheng Ban Gui [2018] No. 12) has completed its phased control mission and is to be abolished.
This also means that the “implementation of regional sales restriction policy” and “implementation of regional purchase restriction policy” in the above “Notice” are abolished. The above-mentioned “Notice” issued on May 5, 2018 proposed 5 measures to tighten the property market, including targeted strengthening of land supply in Harbin, implementation of regional purchase restrictions, improvement of provident fund loan conditions, and strict implementation of differentiated housing credit Policies and strengthening real estate market supervision. Among them, in the 6 districts of the main urban area (Daoli District, Nangang District, Daowai District, Xiangfang District, Pingfang District and Songbei District), the cancellation authority of the construction unit’s online signing contract record information is cancelled. Commodity houses can only be listed and traded after 3 years from the date of signing the contract. Commercial housing acquired through judicial rulings, gifts among immediate family members, inheritance, etc., is not subject to the restrictions of the preceding paragraph.
What do deregulated cities have in common?
Zhuge Housing Search Data Research Center analyst Guan Rongxue pointed out that at present, Zhengzhou, Harbin, Fuzhou and other cities have lifted the restrictive policies of purchase restrictions and sales restrictions The reasons behind it mainly include two aspects. First, it is related to the urgency of the dilemma to be solved, such as the relatively weak performance of the property market and the relatively low market sentiment. The expected effect is more obvious; second, it is related to the characteristics of cities and policies. Restrictive policies are often established and implemented by local governments. Therefore, cities have strong operability in adjusting them, which is also for reducing costs.
Guan RongxueIt is pointed out that due to the current performance of the property market is still relatively weak, the market confidence has not improved significantly, the local property market is urgently rescued, and the recent rebound of the epidemic situation is more serious, which has added a lot of resistance to the property market transaction activities. It will help guide the real estate market to develop towards a healthy and sound development. Therefore, it cannot be ruled out that more cities with weak real estate market performance will follow up and adjust restrictive policies.
Zhang Bo pointed out that taking Harbin as an example, Harbin and many cities with deep cooling have one thing in common, that is, the market supply and demand is in a state of long-term imbalance, and the market supply in the past five years Both obviously exceed the demand, which will lead to two results. First, the commercial housing transaction market has been sluggish for a long time, and the demand for self-occupied housing is overdrafted. Second, the cooling of the land market is accelerating, and the confidence of real estate companies to acquire land is also obviously insufficient. Therefore, policies to control supply and increase demand have a more direct impact on the market, and will also drive the demand for self-occupied housing to enter the market.
Zhengzhou suffered from the double impact of the epidemic and flood last year, and the real estate market and enterprises also encountered greater pressure. The industry believes that the introduction of Zheng 19 has It will help stabilize the market in an all-round way, promote reasonable demand to enter the market, and ensure the stability of corporate cash flow.
Industry: Restrictive measures enter a new round of “exit”
In the view of Li Yujia, chief researcher of the Guangdong Housing Policy Research Center, restricted sales , purchase restrictions, loan restrictions, etc. are short-term behaviors of regulation. When the property market is hot, restrictive measures will be activated or strengthened (for example, the restriction on sales will be adjusted from three years to five years); otherwise, restrictive measures will be weakened or withdrawn. At present, the property market in various places has declined significantly, which has affected the normal cycle of the whole chain. From land sales, construction, sales, and completion, all have been greatly impacted, and the virtuous circle of the industry is not smooth. On the premise of keeping housing and not speculating, it is inevitable for some cities to withdraw from restrictive measures.
Guan Rongxue also mentioned that restrictive policies such as purchase restrictions and sales restrictions have relatively greater control over the property market, the effect period is relatively short, the effect is more obvious, and the purchase restriction In addition, restrictive policies such as purchase restrictions and sales restrictions are actually implemented by local governments themselves, so they are more flexible in terms of tightening and relaxing adjustments; If the control is not good, there will also be certain drawbacks. For example, excessive restrictions may reduce the desire to buy in the market, resulting in an imbalance between supply and demand in the property market.
Li Yujia said that under the current trend of high housing prices, large-scale new houses and luxury houses, both in terms of income and expectedLook, just need purchasing power is relatively weak. To release and activate the demand, the improvement demand must be activated. Therefore, the purchase restriction policy in non-hot cities may be adjusted. In the context of promoting housing consumption, reasonable demand, and promoting a virtuous circle of the industry, the adjustment of sales restrictions and purchase restrictions has stronger rationality, and restrictive measures have entered a new round of “exit tide”.
According to the statistics of Zhuge Research Institute, in 2022, market policies will release signals of improvement one after another, and the team of “unbinding” in the property market will continue to grow, which also reflects the city’s The urgency and necessity of policy relaxation.
According to incomplete statistics from Zhuge Research Institute, as of March 30, 62 cities have loosened property market policies, mainly relaxing purchase and loan restrictions, reducing down payment ratios, and reducing Mortgage interest rates, provident fund loans are relaxed, restrictions on sales and prices are relaxed, housing subsidies and other aspects. On the whole, the moderate relaxation of the property market policy has a certain positive impact on multi-dimensional entities, and it is more beneficial for home buyers, which will effectively alleviate the pressure of some difficult groups such as housing funds and threshold restrictions; for cities, the demand for housing will be further released. It may lead to an increase in transactions to a certain extent, while at the same time alleviating the pressure on urban inventory and promoting urban economic development; in addition, the moderate relaxation of the property market policy in many cities is also the main responsibility to effectively meet the reasonable housing demand and promote the internal circulation of the industry. and healthy development.