"Foreign auction house" comprehensive purchase restrictions so that real estate speculators can't take advantage of it
A few days ago, the Supreme People's Court issued the "Regulations on Several Issues Concerning the Qualifications of Real Estate Bidders in Judicial Auctions by the People's Courts", which will come into effect on January 1, 2022.
According to the regulations, in the judicial auction of real estate organized by the people's court, the people's court shall not allow bidders who are bound by the purchase restriction policy of the real estate location to apply for participation in the auction.
"Foreign auction houses are fully restricted" boots landed.
(See the Economic Daily on December 27)
"Foreign auction house" has always been a buzzword in the property market.
Not only because of the possibility of "leakage", but also because of the "back door" with unlimited purchases.
Many people have realized their dream of relocating through the bidding for foreclosure properties, but there are also many people who regard unrestricted foreclosure properties as a real estate speculation opportunity, disrupting the real estate market and reducing the goodwill of foreclosure property policies.
In the past, whether or not the purchase of foreclosure houses was restricted was regulated by the relevant departments in various places based on the actual local conditions, and most places were more relaxed.
In this way, people in many places can participate in online auctions for real estate auctions in a certain place, easily bypassing certain restrictions.
Today, the Supreme Law has closed this "back door". Anyone who participates in judicial auctions must comply with the local purchase restriction policy. Those who do not meet the purchase conditions want to "leak" from the foreclosure market or want to use the foreclosure for real estate speculation. , Almost no longer possible.
This move is equivalent to standardizing the policy requirements for foreclosure auctions, and is expected to change the situation of "self-administration" in some places in the past in terms of qualifications to participate in auctions. From a perspective, this is also a response to the policy of “no speculation in housing and housing”.
This year’s Central Economic Work Conference made it clear that “it is necessary to adhere to the positioning of houses for living, not for speculation, and strengthen anticipatory guidance.” The new regulations on the purchase of foreseeable houses are “patching” the existing policies, which is also from one aspect. It shows that the country will not allow the existence of secret real estate speculators.
The "unqualified not to participate in the auction" new policy for foreclosure houses reveals that just-needed or improved families that meet the conditions for buying a house can be used to achieve housing and housing, but for speculative needs and real estate speculators, this does not work.
Furthermore, this reminds the real estate industry and market authorities that when formulating policy opinions that may affect the direction of the property market and market sentiment, they must conform to the country's major policies and convey the correct expected guidance to the market and the public.
Only policies that proceed from reality and echo the top-level design can have pertinence and vitality. Otherwise, they will not only undermine the overall policy orientation, but are also destined to not last long.
Xu Jianhui