One month after "relaxing purchase and sales restrictions, and reducing the down payment ratio of provident fund loans", the transaction volume of second-hand housing in Xi'an increased month-on-month.
Data from the Shell Research Institute shows that in the first half of this year, cities implemented policies based on their cities and actively used the real estate regulatory policy toolbox to boost market expectations and restore market circulation. Under the influence of policies, second-hand housing transactions in Shell 50 cities in May and June Continuous chain growth, the chain growth rate was 14%, 25%.
The Paper noted that among the monitored cities, the transaction volume of second-hand housing in Xi'an rose by 18% month-on-month in June.
"After the introduction of the policy, the market has gradually recovered, and customers who are not in a hurry to sell have begun to increase the listing price."
A local agent in Xi'an said.
Second-hand housing sales on the rise
Xi'an introduced a number of property market policies on May 28 this year to boost the real estate market.
On the evening of May 28, the Xi'an Municipal Bureau of Housing and Urban-Rural Development issued the "Notice on Issues Concerning Adjustment of Commodity Housing Transaction Policies", which mentioned that to ensure reasonable housing needs, households who moved into the city from outside the city were restricted from purchasing housing. If you buy your first house in the area, you must settle down for one year before purchasing the house.
This also means that newly settled home buyers in Xi'an only need to meet the one-year time requirement for settlement, and do not need social security conditions.
For non-resident households in this city who purchase houses in the housing purchase restricted area, they must hold the city's "Residence Permit", and pay social insurance or personal income tax in this city for 2 years before the date of purchase.
That is to say, for foreigners, the social security requirement for purchasing a house has been reduced from the original 5-year social security requirement to 2 years.
In terms of sales restriction policy, Xi'an has implemented the requirements for relaxing the sales restriction policy for both new and second-hand houses, which have been lowered from the sales restriction for the past 5 years to the sales restriction for 2 years.
Not only that, Xi'an has also optimized the housing purchase policy for various groups of people. It is clear that families with two children and above buy commercial housing, and unmarried people aged 28 and above buy their first commercial housing, and they will be treated as "just need families".
In terms of strengthening housing financial support, the new policy proposes to adjust the down payment ratio of housing provident fund loans.
If you apply for a housing provident fund loan for the first time to buy ordinary housing (144 square meters and below), the down payment ratio is not less than 20%; for non-ordinary housing (144 square meters or more), the down payment ratio is not less than 25%.
The second time to apply for a housing provident fund loan, the down payment ratio for the purchase of ordinary housing (144 square meters and below) is not less than 25%; for non-ordinary housing (144 square meters or more), the down payment ratio is not less than 30%.
At the same time, Xi'an adjusted the maximum amount of housing provident fund loans.
For housing purchases through provident fund loans, the maximum amount of single-payment employee loans shall not exceed 650,000 yuan, and the maximum amount of double-payment employee loans shall not exceed 850,000 yuan.
After a series of policies were implemented, the property market in Xi'an has recovered.
According to data from the Shell Research Institute, the transaction volume of second-hand housing in Xi'an in June rose by 18% month-on-month.
From the price point of view, according to the "Hundred Cities Price Index" released by the China Index Research Institute, in June, the price of new residential buildings in Xi'an rose by 0.68% month-on-month, ranking first among 100 cities. The average price of the sample is about 12,069 yuan/square meter; In terms of housing, in June, second-hand housing in Xi'an rose by 0.15% month-on-month, ranking 23 out of 100 cities, with an average sample price of about 16,364 yuan/square meter.
Local intermediaries in Xi'an said that the second-hand housing market is usually "volume comes first". After the transaction volume increases, the price will also increase. The current overall transaction volume in Xi'an is not bad, and customers who are not in a hurry to sell have begun to increase their listings. price.
However, some intermediaries reported that they did not feel any obvious changes. "The market is still relatively stable, and there is no situation where customers are concentrated on viewing houses."
Chen Wenjing, director of the Market Research Institute of the Index Division of the China Index Research Institute, mentioned that after the "5.28" New Deal, in addition to the beneficiaries of the New Deal, other groups still have a high wait-and-see attitude. Increase the willingness to enter the market.
From the perspective of the new housing market, buyers still prefer high value-added sectors such as the High-tech Zone and Qujiang New Area, or high cost-effective sectors such as the Port Area.
The second-hand housing transaction reference price has been cancelled?
While relaxing policies such as purchase restrictions and sales restrictions, the intermediary agency platform no longer displays the reference price of second-hand housing transactions previously announced by the government.
Xi'an issued the "Notice on Establishing a Reference Price Release Mechanism for Second-hand Housing Transactions" on July 8, 2021. The "Notice" pointed out that the Xi'an Real Estate Transaction Management Center takes residential quarters as a unit, and fully refers to the second-hand housing online signing transaction price, evaluation Price and other factors, after investigation and analysis, the transaction reference price of second-hand housing is formed, and it is released on the official website of Xi'an Housing and Urban-Rural Development Bureau, WeChat public account and other online platforms.
At the same time, the policy is clarified that relevant institutions involved in all aspects of second-hand housing transactions should use the reference price of second-hand housing transactions as a reference basis to guide the rational transaction of second-hand housing and stabilize market expectations.
Real estate brokerage agencies and real estate online information release platforms should conduct self-examinations on listed houses, and remove second-hand housing houses with inflated prices.
However, according to feedback from local intermediaries in Xi'an, the current reference price of second-hand housing transactions is no longer one of the main criteria.
Taking Fengxiang Ting in Longhu District, Weiyang District as an example, according to the "Notice on the Release of Reference Prices for Second-hand Second-hand Housing Transactions in the Second Batch of Residential Areas" issued by Xi'an Housing and Urban-Rural Development Bureau on October 13, 2021, the transaction reference price of this area is displayed. For 17615 yuan / square meter.
According to the data of the shell house finding platform, the average reference price of the community in May is currently 21,827 yuan/square meter.
It is understood that there are currently 62 houses (including 15 parking spaces) for sale in this community, of which the listed price of a house of 118 square meters shows the highest price of 25,424 yuan/square meter.
Shell search brokers said that the reference price of second-hand housing transactions announced by the government is no longer displayed, and the price seen on the Internet is the real price that the owner is selling.
Similarly, the Anjuke platform no longer displays the government-announced second-hand housing transaction reference price in the community.
At present, the Fangtianxia platform still shows that the average reference price of Longhu Fengxiang Court is 17,615 yuan / square meter, but the listed price of most houses exceeds the reference average price.
Brokers said the government reference price had been removed.
Take Tiandiyuan Fenglin Yishu Community in High-tech Zone as an example. This community was originally a community with the most expensive transaction reference price announced in the "Second Batch of Second-hand Housing Community Transaction Reference Prices".
According to the reference price announced by the government, the reference price of Fenglin Yishu Community in Tiandiyuan, High-tech Zone is 25,838 yuan/square meter.
At present, the Shell Finding Platform shows that the average reference price of the community in May was 36,099 yuan/square meter, which was 39.7% higher than the reference price announced by the government.
As of press time, the Xi'an Housing and Urban-rural Development Bureau has not responded.
The relevant staff of the Xi'an Real Estate Transaction Management Center said that the transaction reference price can be used as a reference and is not mandatory, and the bank needs to be consulted for specific loans.
A local agent in Xi'an said that at present, most banks no longer use the guide price of second-hand housing as a hard standard. Banks will approve loans based on the real transaction price and appraisal price.
"At present, the speed of bank approval and lending has also accelerated." Another intermediary said.
Judging from the number of listings, data from the Zhuge Research Institute shows that in June 2022 (as of the 23rd), the number of second-hand housing listings in Xi'an was 123,452, a decrease of 8% month-on-month and a year-on-year increase of 28.4%.
Chen Xiao, a senior analyst at Zhuge Housing Data Research Center, said that Xi'an released a new policy on May 28, which involved relaxing purchase restrictions and sales restrictions. Among them, it was proposed to change the sales restriction period of second-hand houses from 5 to 2, which will stimulate second-hand houses. With the gradual fermentation of the "5.28" New Deal, it will boost confidence in the second-hand housing market to a certain extent, and prices will also usher in room for recovery.