China News Service, August 6 (Zhongxin Finance reporter Zuo Yukun) Since July, the second-hand housing market, which has been in the doldrums for a period of time, has gradually recovered, and even some cities have seen the phenomenon of second-hand housing transactions surpassing new ones.
Behind this, all localities have played a key role in the relaxation of the regulation of second-hand housing.
In particular, the guiding price system for second-hand housing, which has been implemented in some cities since February last year, has shown signs of loosening recently.
Data map: There are many buildings in the urban area.
Photo by China News Agency reporter Wang Dongming
Xi'an confirms suspension of second-hand housing guide price
Since February 2021, Shenzhen took the lead in launching the second-hand housing guide price. According to institutional statistics, as of the end of last year, a total of 15 cities across the country had established a second-hand housing guide price release mechanism, including Xi'an, the capital of Shaanxi Province.
In July 2021, Xi'an issued the "Notice on Establishing a Reference Price Release Mechanism for Second-hand Housing Transactions", requiring the Xi'an Real Estate Transaction Management Center to form a second-hand housing transaction reference price in residential quarters and publish it.
As a major "killer" to crack down on real estate speculation through leveraging and other methods, the guide price of second-hand housing has greatly suppressed the false fire in the property market.
Taking Shenzhen, once known as the "first city for real estate speculation", as an example, the Shenzhen real estate information platform shows that in 2021, a total of 40,699 second-hand residential units were sold in the city, a year-on-year decrease of 57.3% and a record low in the past 15 years.
Similar to Shenzhen, after the introduction of the second-hand housing reference price policy, the second-hand housing market in Xi'an also continued to cool down.
According to data from the National Bureau of Statistics, since October 2021, second-hand housing prices in Xi'an have experienced a month-on-month decline for the first time, and have almost maintained a downward trend since then.
"Second-hand housing prices in Xi'an have little advantage over new houses, and a very important feature of Xi'an is that the transaction costs of second-hand houses are relatively high, not to mention taxes and fees, the intermediary fee alone can reach three points, which also leads to Many people are reluctant to buy second-hand houses if they can buy new houses." A real estate staff member in Xi'an told a reporter from Zhongxin Finance and Economics.
The cold second-hand housing market has also attracted the attention of relevant departments.
On May 28, Xi'an City issued the "Notice on Issues Concerning Adjustment of Commodity Housing Transaction Policies", which clearly mentioned "promoting the circulation of second-hand housing".
Since the end of June, the reference price of second-hand housing transactions has gradually disappeared from many second-hand housing trading platforms in Xi'an. After confirmation by the relevant staff of Xi'an Housing and Urban-rural Development Bureau, Xi'an has temporarily suspended the release of reference prices, and some intermediary platforms can display second-hand housing prices. Respect the seller's will to list the second-hand house price, and also refer to the transaction reference price to list.
"This is good for Xi'an real estate, and now the market also needs easing policies." Wang Shengxue, president of the Shaanxi Real Estate Research Association, believes that at the same time, the reference price is a short-term adjustment method. In the long run, the real transaction price in the real estate market will eventually surfaced.
Data map: Aerial photography of a corner of Xi'an city.
Photo by Zhang Yichen
Cancel or relax the guide price of second-hand housing in many places
Currently, it is not just Xi'an that has a similar situation.
According to statistics from the Crier Research Center, as of now, except for Shanghai and Shenzhen, 13 cities have cancelled or relaxed this policy, including Xi'an, Chengdu, Ningbo, Shaoxing, Sanya, Guangzhou, Dongguan, Jinhua, Wenzhou, Hefei, Quzhou, Beijing and Wuxi.
For more than a year, after the implementation of the second-hand housing guide price in 15 cities, the second-hand housing price gradually returned to rationality.
The current so-called "cancellation or relaxation" mainly refers to the obvious difference in the implementation of the policy compared with last year when the policy was just introduced.
Kerui mentioned that, for example, the loosening of Chengdu and Ningbo is mainly reflected in the re-listing of high-priced housing, and bank lending is no longer strictly based on the guide price; Guangzhou and Dongguan listed housing prices are limited by the guide price, but the actual transaction and bank lending Has basically not been affected by the guide price.
There are also some cities with second-hand housing guide prices that exist in name only. For example, the guide prices in Beijing and Wuxi are too high, and the guide prices for many projects are even 10,000 yuan per square meter higher than the owner's listing price; Wenzhou, Hefei and other 4 cities have not issued detailed implementation rules. .
But it needs to be emphasized that, because the housing listings that release the second-hand housing guide price in a city often exist in different locations and face different market conditions, the specific implementation conditions are also different.
A real estate agent in Haidian District, Beijing told reporters that he learned that the implementation of the guide price of second-hand housing in the surrounding area is still quite firm: "We belong to the old school district, and we basically don't have to worry about selling, but we still need the guide price to control."
A real estate agent in Shenzhen told reporters that there will also be some housing listings below the guide price in Shenzhen, and these housing listings are mainly luxury houses with higher prices.
"These houses with a high total price will also have greater bargaining flexibility. Recently, I know of houses with a guide price of around 15 million yuan, and the listed price is less than 14 million yuan."
Data map: Shenzhen.
China News Agency reporter Chen Wenshe
Second-hand housing picks up
Second-hand housing, because it is particularly affected by the policy, is regarded as the vane of the real estate market.
It can be seen that with the emergence of a series of favorable policies such as the loosening of the second-hand housing guide price, the market activity has increased significantly.
According to the monitoring data of Zhuge Housing Data Research Center, as of July 26, Chengdu, Shenzhen, Nanjing, Hangzhou, Foshan, Beijing, Qingdao, and Suzhou had sold 43,326 new houses, 52,043 second-hand houses, and second-hand houses in July. Clearly super new home sales.
Among them, the performance is particularly outstanding in Chengdu.
According to the monitoring data of the E-House Research Institute, 17,296 second-hand residential houses were sold in Chengdu in July, a month-on-month increase of 3.6% and a year-on-year increase of 386.1%, setting the highest monthly transaction record since January 2012.
According to the official website of the Beijing Housing and Urban-rural Development Commission, 12,338 second-hand houses were sold in Beijing in July.
It is not easy for Chengdu to surpass the old-fashioned first-tier city Beijing, which is dominated by second-hand housing.
The industry generally believes that the cancellation of the price limit for second-hand housing in Chengdu and the concentrated release of suppressed market demand is an important reason.
"Based on the linkage effect between first-hand and second-hand houses, the liquidity of second-hand houses will be repaired first, and the demand for replacement of new houses will be fully released. In the future, the second-hand house market will maintain a relatively strong recovery momentum, and the second-hand house market in core cities will be ahead of new houses. Warming." E-House Research Institute believes that with the increase in the liquidity and activity of the second-hand housing market, it will also have a positive and positive effect on the confidence in the new housing market.
Analysis generally pointed out that in the future, second-hand housing will maintain a relatively strong recovery momentum.
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