In addition to the liberalization of policies such as purchase restrictions, sales restrictions, and down payment reductions, home purchase subsidies, deed tax reductions and exemptions, and home purchase coupons, which have a direct driving effect on consumption, are also frequently appearing in many places.

  According to incomplete statistics from The Paper, since May, there have been Zhejiang Yiwu, Guangxi Liuzhou, Anhui Huangshan, Shandong Zibo, Sichuan Suining, Shanxi Taiyuan, Shandong Dezhou, Henan Zhoukou, Hubei Daye, Jiangsu Lianyungang, Sichuan Luzhou, Sichuan Ziyang, Sichuan Nearly 20 cities, including Leshan, Yueyang in Hunan, Tianmen in Hubei, and Shangrao in Jiangxi, issued deed tax and housing subsidy, driving demand for the property market.

  Taking Yiwu, Zhejiang as an example, on May 26, the Office of the Leading Group for the Steady and Healthy Development of the Yiwu Real Estate Market issued the "Implementation Rules for Yiwu Deed Tax Subsidy for House Purchase in 2022".

The detailed rules stipulate that the purchased house is a commercial house that has obtained a commercial house pre-sale license in Yiwu City, and the citizens who sign the commercial house sales contract online from now until December 31 can receive a deed tax subsidy ranging from 60% to 100%. .

  Among them, from now until September 30, the first set of commercial housing will be subsidized according to 100% of the local retained part of the deed tax paid; the purchase of two or more sets of commercial housing will be subsidized by 80% of the local retained part of the deed tax paid.

During the period from October 1st to December 31st, for the purchase of the first set of commercial housing, 80% of the local retained part of the deed tax paid will be subsidized; for the purchase of two or more sets of commercial housing, 60% of the local retained part of the deed tax paid will be subsidized subsidy.

  Taiyuan in Shanxi also issued a similar policy.

Taiyuan stipulates that from May 20, 2022, the deed tax will be fully subsidized by the government for the first housing area of ​​less than 90 square meters.

For the first housing with an area of ​​90-143 square meters (inclusive), the deed tax will be paid by 80% of the financial subsidy, and the deed tax will be paid by 50% of the financial subsidy if the area is over 143 square meters.

  In addition to the deed tax subsidy, many cities also offer more practical subsidy for the purchase of a house, consumption coupons for house purchase, etc.

Among them, some cities can subsidize up to 2% of the purchase price.

  Take Lianyungang, Jiangsu as an example, the Lianyungang Housing and Urban-rural Development Bureau issued the "Implementation Rules for Supporting Residents' Rigid and Improved Housing Consumption in the Urban Area of ​​Lianyungang City" on May 17. During the period from May 18, 2022 to June 30, 2022, Subsidies will be given to residents in urban areas (excluding Ganyu District) to purchase newly built only houses for families and second sets of improved houses.

Among them, the purchase of the only house of the family below 90 square meters (including 90 square meters) and more than 90 square meters will be subsidized at 1% and 1.5% of the purchase price respectively; for the purchased second set of improved housing 90 square meters The subsidy is 1% and 2% of the purchase price for houses below 90 square meters (including 90 square meters) and 90 square meters or more.

  According to the policy of Leshan, Sichuan, anyone who buys the first set of new commercial housing will enjoy a subsidy of 8,000 yuan for each set of housing.

Anyone who buys a second set of new commercial housing will enjoy a subsidy of 12,000 yuan per set.

  Yan Yuejin, research director of the Think Tank Center of the E-House Research Institute, said that, from the perspective of the current policies issued by various places, in addition to financial and administrative control policies, many cities in this round of property market control have also adopted deed tax subsidies, house purchase subsidies and other financial means to boost property market demand.

  Zhang Bo, Dean of the 58 Anju Room Property Research Institute, pointed out that there are two main types of housing subsidies. One is the phased inclusive policy, which is mostly aimed at increasing the popularity of the real estate market and granting deed tax relief. It is aimed at a wide range of people and is a means of policy relaxation. First, the effect of increasing market popularity varies greatly among different cities.

The other category is subsidies for specific groups of people, including housing subsidies for talents, subsidies for families with multiple children, etc. Such policies are often aimed at specific groups, and are intended to promote the settlement of talents and increase the fertility rate through real estate policies.

  Zhang Bo believes that judging from the current environment of the overall relaxation of the property market, most of the local housing subsidies are part of the "combination punch" of local regulation and relaxation. The effect of a single policy on the release of the market is relatively limited. The market has a certain influence.

  Chen Wenjing, market research director of the Index Division of the China Index Research Institute, pointed out that since 2022, many cities have adopted policies to maintain the stability of the real estate market.

Among them, policies related to deed tax and house purchase subsidies have been issued in many places to reduce the cost of home buyers, which is conducive to the release of potential rigid and improved needs, enhances market vitality, and plays a positive role in stabilizing the development of the real estate market.

However, judging from the current policy effect, some cities have little subsidy, and the effect of boosting the market is limited. The issuance of housing purchase subsidies combined with more optimized policies may be more effective.

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