Zhongxin Finance, May 31 (Zuo Yukun) Following the relaxation of sales and purchase restrictions in many cities, housing subsidies have become another property market regulation tool offered by many places.
From the maximum subsidy of 10 million yuan in Liangxi District, Wuxi, to encourage talents to buy houses, to Yiwu, Zhejiang, you can get 100% deed tax subsidy for purchasing the first commercial house, and "real money" in many places has begun to enter the property market, encouraging everyone to buy a house.
Data map: The property market.
Photo by Luo Yunfei
Talents and families with multiple children are the focus of subsidies
Recently, the news that "masonry workers received 500,000 housing subsidy" has attracted a lot of attention.
According to the new talent policy introduced by the local government in 2021, Chen Hongwei, a bricklayer in Lishui, Zhejiang Province, was rated as a high-level talent by virtue of the provincial honor of "Technical Expert in Zhejiang Province", and can enjoy a talent allowance of 60,000 yuan and a housing subsidy of 500,000 yuan.
Housing subsidies for talents are the focus of recent property market policies in many places.
Among them, the most notable is the new policy issued by Liangxi District, Wuxi, Zhejiang Province. The maximum subsidy for housing purchases for talents is 10 million yuan, ranking among the top in the country in terms of housing subsidy.
"For cities such as Wuxi, with strong economic strength, there will naturally be more financial support in terms of subsidies. Policies similar to subsidies have also become a means of attracting talents and reducing the cost of housing purchases in various places." E-House Research Institute think tank Yan Yuejin, research director of the center, pointed out.
In addition to "green light" for talents to buy houses, families with multiple children have also become the focus of this round of subsidies.
After sorting out, it is found that the areas that directly grant subsidies are particularly concentrated in Sichuan Province.
Luzhou, Sichuan mentioned in the recently released policy that families who have given birth to two or three children in accordance with the national fertility policy, purchase the first or second set of new commercial housing within the construction land in the central urban area, at the rate of 2% of the total purchase price. A one-time housing subsidy is given; Mianyang, Sichuan provides a financial subsidy of 200 yuan per square meter to families with two and three children who buy a new house, with a maximum of 20,000 yuan per household.
In addition, Dazhou and Zigong in Sichuan have also introduced similar policies.
In Shangrao, Jiangxi, it is clear that households with two or three children who are permanent residents of Shangrao, and whose children are under the age of 18, will be given a subsidy of 300 yuan/square meter and 500 yuan/square meter respectively with the household registration book or birth certificate when purchasing a house.
"This will effectively meet the reasonable housing needs of homebuying groups, especially families with two children and above, ease the pressure of housing difficulties and housing shortages for families with multiple children, and at the same time increase the activity of market transactions, which will also help to promote the population birth policy." IPG China Chief Economist Bai Wenxi said.
In addition to targeted subsidies, there are also many "sunshine"-style home purchase subsidy policies.
For example, according to the regulations of Tongzhou District, Nantong City, for the stable employment of enterprises in the area to purchase the first set of new ordinary commercial housing in the area, a maximum housing subsidy of 2% of the total housing price will be given.
According to the new policy in Leshan, Sichuan, those who purchase the first new commercial housing will enjoy a subsidy of 8,000 yuan per unit; those who purchase the second new commercial housing will enjoy a subsidy of 12,000 yuan per unit.
Data map: A residential area.
Photo by Ling Nan
Deed tax subsidy, up to full exemption
In addition to direct subsidies, an important consideration for house buyers - deed tax expenditures, has also become the focus of this round of subsidy adjustments.
The "Financial Revenue and Expenditure in the First Quarter of 2022" issued by the Ministry of Finance mentioned that the deed tax revenue in the first quarter was 158.1 billion yuan, a year-on-year decrease of 22.4%, which is considered to be a signal that the current real estate market is under pressure.
On May 30, Wuxi, Jiangsu Province issued a document encouraging the purchase of pre-sale (sale) commercial housing. Those who sign a commercial housing sales contract and sign it online within one year of the notification will be given a housing subsidy of 50% of the deed tax paid by the location of the development project.
On May 26, in the new policy issued by Yiwu, Zhejiang, from now until the end of 2022, citizens who buy commercial housing in Yiwu will receive deed tax subsidies ranging from 60% to 100%.
For the purchase of the first commercial housing from May 26, 2022 to September 30, 2022, 100% of the local retained part of the deed tax paid will be subsidized, which is also the highest standard of this subsidy policy.
Taiyuan, Shanxi Province issued a more comprehensive deed tax subsidy rules.
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 shall be paid by 80% of the financial subsidy, and the deed tax shall be paid by 50% of the financial subsidy for the area of more than 143 square meters.
Hubei Daye's new policy directly stipulates that 100% of the deed tax subsidy will be given to those who purchase new commercial housing within the administrative area of Daye City (excluding the Huangshi trustee area) and pay the deed tax.
"Future policies include increasing residents' income through financial subsidies, tax cuts and other policies, reducing the debt repayment burden of those who have purchased houses, reducing the rent payment burden of renting groups, and maintaining normal consumer spending. It is very important." Xu Xiaole, chief market analyst of Shell Research Institute, believes that , In order to prevent demand contraction caused by the intensification of price decline expectations, the current reversal of market expectations is the key.
The China Index Research Institute found that the cities that currently issue housing subsidies are mainly second-tier cities and third- and fourth-tier cities. First-tier cities focus on fine-tuning policies, while weak third- and fourth-tier cities relax loan policies to the lowest level stipulated by national policies. It is the strongest in this round of policy waves in terms of stimulating house purchase consumption.
"Policies related to deed tax and house purchase subsidies reduce the cost of home buyers, help release potential rigid and improved needs, enhance market vitality, and play a positive role in stabilizing the development of the real estate market." said Chen Wenjing, director of market research at the Index Division of the China Index Research Institute. However, judging from the current policy effect, some cities have little subsidies and limited effect on the market. The issuance of housing subsidies combined with more optimized policies may be more effective.
(Finish)