Zhongxin Finance, April 30 (Zuo Yukun) The stabilization of the property market is being staged in various places, and there is a trend of wider scope, more means, and stronger efforts.

　　According to data from the Central Plains Real Estate Research Institute, as of April 28, the country has cumulatively issued more than 60 policies to stabilize the property market in April, setting a new monthly record for stabilizing the property market in a single month.

Since the beginning of this year, nearly 110 cities have introduced new policies to stabilize the property market.

　　"Compared with the overall tightening of real estate regulation in the first quarter of 2021, the property market policy in 2022 will be significantly loosened. Both the number and scope of regulatory policies have set new records in recent years." Zhang Dawei, chief analyst of Centaline Real Estate, pointed out.

Data map: A view of the city.

Photo by Wang Xiaobin

The "five restrictions" policy is further relaxed

　　The "five restrictions" of real estate refer to purchase restrictions, loan restrictions, sales restrictions, price restrictions and business restrictions. It is my country's current strict restrictive property market regulation policy. .

　　"Currently, the 'five restrictions' policy is being further relaxed, especially in areas such as purchase restrictions, loan restrictions, sales restrictions, and price restrictions," pointed out Yan Yuejin, research director of the Think Tank Center of E-House Research Institute.

　　On April 28, heavy news came that Tianjin plans to stop selling price-limited commercial housing from October 1.

"Tianjin's withdrawal from price-limited commercial housing should be said to be the first case in the country." Yan Yuejin believes that this has a lot to do with the decline in the market's popularity and changes in the market.

　　"First of all, Tianjin's real estate market has cooled in the past two years, and the prices of ordinary commercial housing are already at a low level, and some price-limited commercial houses with no obvious price-limiting advantages will naturally be 'no one'; Or sales restrictions make it less advantageous." Yan Yuejin said.

　　The loan restriction policy has also been loosened with the adjustment of the credit policy.

On April 28, Guiyang issued a document to encourage and guide financial institutions to implement a 20% down payment policy for first home loans.

For families who own a house and have paid off the mortgage for the purchase of a house, if they apply for a loan to buy an ordinary house again in order to improve their living conditions, support and guide financial institutions to implement the loan policy for the first house.

　　Recently, in many places, the minimum down payment ratio has been lowered, the provident fund loan amount has been raised, and the "recognizing a house and a loan" has been cancelled, all of which are considered to be rational adjustments to the loan restriction policy.

　　More common and flexible restrictions on purchases and sales are also changing in many places.

At the end of March, Harbin canceled the sales restriction policy in the main urban area that had been implemented for nearly four years, thus becoming the first provincial capital city to cancel the sales restriction policy; recently, the two major bay area cities have successively loosened purchase restrictions, and second-hand houses in Foshan, Guangdong, for more than 5 years are no longer available. Included in the purchase limit, Zhongshan can buy a set of college or above without social security or household registration.

　　So far, in the "five restrictions" policy, except for the "restriction of commerce", which has not been substantially adjusted, the remaining four restrictive policies have undergone significant changes in a certain range.

Data map: Citizens pass by in front of a real estate.

Photo by China News Agency reporter Zhang Yun

Direct subsidy to home buyers

　　Consumption coupons, which have a direct driving effect on consumption, have also appeared in the property market in many places recently.

　　On April 27, Jiangmen City, Guangdong Province announced that it will distribute 9,000 units with a total value of 37 million yuan according to the construction area of ​​the first few buyers who purchase new commercial housing in Jiangmen and go through the online contract signing procedures. Great package.

　　The limit of consumption coupons is 100 square meters.

For the first 5,000 sets of newly-built commercial housing over 100 square meters (including 100 square meters) for online contract signing, 5,000 yuan consumption coupons will be issued for each set, with a total value of 25 million yuan.

For the first 4,000 new commercial housing units under 100 square meters (excluding 100 square meters) for online contract signing, 3,000 yuan consumption coupons will be issued for each set, with a total value of 12 million yuan.

　　Zhongxin Finance noticed that earlier, the purchase of houses in Guilin in Guangxi and the purchase of houses by farmers in Yanji have involved the issuance of consumer coupons.

　　Yan Yuejin believes, "This is from the perspective of stimulating housing consumption. Local governments have actively built platforms and channels to stimulate housing consumption. The issuance of consumer coupons will help reduce the wait-and-see mood of home buyers, and at the same time promote home buyers to actively into the market.”

　　According to incomplete statistics from the Zhuge Housing Data Research Center, there are more than 20 cities that have introduced housing subsidy policies. In addition to housing consumption coupons, there are also cash subsidies, housing deed tax subsidies, etc., which directly promote housing purchases with real money.

　　For example, in Huanggu District, Shenyang, consumers who purchase newly-built commercial residential houses can be given a consumption subsidy at 1% of the recorded contract price; Zhongyuan District, High-tech Zone, and Jinshui District in Zhengzhou are given subsidy for the payment of commercial house deed tax, with a maximum subsidy of 20% .

In addition, Changsha in Hunan, Jieyang in Guangdong, Quanzhou in Fujian and other places have specially subsidized the purchase of houses for talents.

　　"Because of most unlimited purchase policies in third- and fourth-tier cities, policy adjustments may focus on talent introduction, housing subsidies, provident fund loans, etc. In addition, the easing policy for housing purchases for families with two and three children is also one of the key directions." Chen Wenjing, market research director of the Index Division of the China Index Research Institute, said.

Data map: Aerial photography of Guiyang scenery after snow.

Photo by Qu Honglun

Provident fund loan to buy a house is easy to become a general trend

　　The carding found that among the property market easing policies issued by various places, the policies involving provident funds are the most.

　　In the new policy released by Guiyang on April 28, innovative content policies were proposed in terms of provident funds: the scale of new personal interest-subsidized loans was 2 billion yuan, and the loan issuance time was controlled within 3 months.

　　"Such funds are equivalent to subsidizing commercial bank loans for home buyers, creating a method of 'commercial bank loans + interest paid by provident fund', which has become an innovative model in current provident fund loans." Yan Yuejin explained.

　　"For local governments, choosing a loose provident fund policy can give the market a signal to stabilize the property market." Zhang Dawei believes that in addition to the limited quota, commercial bank loan policies need to be released by the central bank, and provident fund policies can be implemented by policies issued by various places.

The amount of the provident fund is not high and will not affect the speculation of home buyers. Most of the use of the provident fund is for buyers who just need it and improve it.

　　On April 29, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work.

The meeting emphasized that all localities should be supported to improve real estate policies based on local conditions, and support rigid and improved housing needs.

　　Xu Xiaole, chief market analyst of the Shell Research Institute, believes that the central government has released a clearer and more positive policy signal to support local governments to improve policies based on cities.

　　"If there are still reservations in the previous places, more cities will issue policies to stabilize the property market in the future, and the intensity will be greater." Zhang Dawei expects that after May 1, more and stronger property market policies will appear.

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