The Paper reporter Ji Simin
More and more cities have joined the queue to cancel the restrictive measures to purchase houses, and many will optimize and adjust the policies of restricting purchases and sales that have been implemented for many years.
According to the incomplete statistics of The Paper, since May this year, there are Tangshan in Hebei, Harbin in Heilongjiang, Hangzhou in Zhejiang, Huzhou in Zhejiang, Jinan in Shandong, Lu'an in Anhui, Changzhou in Jiangsu, Jiaxing in Zhejiang, Wuhan Economic and Technological Development Zone, Dalian in Liaoning, Shenyang in Liaoning and Guangdong. More than 20 cities, including Dongguan, Anhui Hefei, Jiangsu Nanjing, Jiangsu Suzhou, Jiangsu Taizhou, Jiangsu Jurong, Zhejiang Jinhua, Fujian Sanming, and Jiangsu Xuzhou, have introduced new policies on the property market, directly referring to the liberalization or adjustment of purchase and sales restrictions.
Taking Harbin, Heilongjiang as an example, on May 23, the Harbin Municipal People's Government issued a notice announcing the abolition of the "Notice on Further Strengthening the Regulation of the Real Estate Market" issued in 2018.
The notice pointed out that the notice issued in 2018 has completed the mission of phased regulation and control, and the continued implementation of regional sales restrictions will prevent the commercial housing purchased by some buyers from being listed and traded, inhibiting the release of improved housing demand, which is not conducive to the development of the real estate market in Harbin. required and therefore repealed.
From now on, the buyer can complete the real estate ownership registration and obtain the real estate title certificate to be listed and traded.
Tangshan, Hebei Province issued a policy on May 25, stating that it will sort out, optimize and adjust some real estate control policies in light of local conditions. One of the policies is clear. The policy of restricting the purchase and sale of commercial housing within the high-tech zone.
It is worth mentioning that recently, many hot second-tier cities have also followed up to optimize and adjust the property market policies, and most of them involve purchase restrictions, sales restrictions, etc., and the restrictive measures for purchase of houses are being gradually cancelled.
Taking Hangzhou as an example, on May 17, the Office of the Leading Group for the Stable and Healthy Development of the Hangzhou Real Estate Market issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market" to clarify and optimize the second-hand housing transaction policy.
For those who purchase second-hand housing within the scope of Hangzhou’s purchase restriction, the original stipulation that “the households with registered permanent residence in Hangzhou for less than 5 years have been paid for 24 consecutive months of urban social security within the scope of purchase restriction in Hangzhou” shall be cancelled for 2 years prior to the date of purchase of the house; Hangzhou households have adjusted the original "48 months of continuous payment of urban social security or personal income tax within the scope of the purchase restriction in Hangzhou" to " within the scope of the purchase restriction in Hangzhou 1 year before the date of purchase. Continuous payment of urban social security or personal income tax for 12 months.”
This also means that, according to the new policy, when purchasing second-hand housing within the limits of Hangzhou, households with registered permanent residence in Hangzhou for less than 5 years have no social security payment requirements.
For non-registered households, they must have continuously paid urban social security or personal income tax within the scope of Hangzhou's purchase restriction for 12 months from the 1 year before the date of purchase.
In addition, Nanjing, Dongguan, Suzhou, Wuhan and other cities announced the release of restrictions on purchases and sales.
Ma Hong, a senior researcher at the Zhixin Investment Research Institute, said that the abolition and release of restrictions on purchases and sales in many places is part of the recent policy "combination punch". The purpose is to focus on meeting the reasonable housing needs of residents, including rigidity and improvement. need.
According to the cities that have released restrictions on purchases and sales, most of them are concentrated in third- and fourth-tier cities, and there are also some second-tier cities where the property market performance is relatively sluggish.
Recently, both the Politburo meeting, the central bank, the China Banking and Insurance Regulatory Commission and other relevant departments have clearly expressed their support for the real estate policy, and various localities have gradually released loose policies. Good for activating demand.
It is expected that in the next stage, the loose local real estate policies may be extended to key second- or first-tier cities, and the real estate market is expected to gradually stabilize in the third quarter.
Liang Nan, an analyst at the Zhuge Housing Data Research Center, pointed out that relaxing or canceling the sales restriction policy is good for homebuyers to "sell the old and buy the new", which has played a good supporting role in improving demand, and echoes the central government's support for residents' reasonable housing needs. At the same time, it is also conducive to promoting qualified second-hand housing resources to enter the market, increasing market supply, and thus improving the liquidity of the second-hand housing market.
According to data from the Shell Research Institute, after the restrictions on sales were relaxed, the number of second-hand housing listings in many places has increased recently.
Data shows that the period of restricted sales in Dongguan was reduced in mid-May, and the average daily new listings of second-hand houses in May increased by about 25% compared with the average daily average in April.
Suzhou, Nanjing, Xuzhou and other cities in the Yangtze River Delta have also relaxed restrictions on sales. The average daily new listings of second-hand houses in Suzhou in May more than doubled that in April, and also exceeded the daily average in March; 50% or so.
After Jinan eased sales restrictions on May 23, the number of new listings of second-hand housing has increased significantly in recent days.
Similarly, looking at the long-term period, the new listings in Suzhou, Nanjing, Jinan and other cities in May were mostly close to the monthly average of the past two years.
As for the relaxation of the purchase restriction policy, Liang Nan said that this provided some residents who had previously restricted purchases with qualifications to purchase houses, which released the market purchasing power to a certain extent, which had a positive effect on effectively solving the backlog of inventory in the property market. The sales policy is conducive to improving the current situation where confidence in the real estate market is weak and the repair of the property market is less than expected. It also reflects the flexibility of policy adjustment and is conducive to promoting the healthy and sound development of the real estate market.
Liang Nan believes that judging from the current market performance in cities that have introduced loosening policies, the market recovery process is still relatively slow. In addition, the haze of the epidemic in many parts of the country has not yet dissipated, which will form a certain resistance to market recovery. In depressed cities, there may still be follow-up actions to relax restrictions on sales and purchases.
Looking ahead, the Shell Research Institute believes that with the support of credit, the effects of restrictive policy optimization and supportive policy overweight will be gradually released.
The sales restriction policy is conducive to increasing the supply of second-hand housing, and the relaxation of purchase restrictions and loan restrictions is conducive to increasing the demand for housing.
At the same time, after the listing of second-hand houses increases, the people who just need it can have more choices; after a certain period of time, the improvement group sells the existing house and buys the improved house, and some of them will enter the new house market, thereby driving the improvement of sales in the new housing market, accelerating the return of housing enterprises, improving the confidence in land acquisition and investment, restoring the land market, and finally realizing a virtuous circle of the real estate market and the industry.