Real estate market investigation in Tianjin: More houses are bought, and the price increase is not large

　　Tim Dong

　　Recently, a reporter from China Securities Journal conducted an on-the-spot investigation on the Tianjin property market and found that the transaction volume of second-hand housing in the Tianjin property market showed signs of enlargement, and some real estate listing prices rose, but the actual transaction prices did not change much.

Many home buyers said that the current policy is strong and it is a good time to buy a house.

　　The volume of second-hand housing transactions has increased

　　"There are more than 20 people in our store. Recently, the daily turnover has reached 5-6 sets, and the customer demand is relatively large. Before the epidemic control was released, the monthly transaction volume of the entire store was only so much." Located in Hongqiao District, Tianjin Wang Mei (pseudonym), an intermediary salesperson in China, told reporters.

　　"In the past, there were no people in the signing room. In recent days, the signing room has to line up to negotiate prices and sign contracts. Last Friday, my client and I waited outside the signing room from 7:00 p.m. It’s on. Tianjin’s property market hasn’t been this hot for a long time, which makes us feel warm.” Wang Mei told reporters.

　　With the increase in the transaction volume of second-hand housing, according to the introduction of the intermediary, the transaction price of second-hand housing in Tianjin has also changed to a certain extent.

　　"The houses in our area have increased by about 50,000 to 60,000 yuan each. A two-bedroom apartment of the same type can be sold for about 700,000 yuan. With the recent increase in transaction volume, listing prices have generally reached more than 800,000 yuan. Signs of rising.” Wang Mei told reporters.

　　Not only Hongqiao District, the reporter also learned that the transaction volume in Nankai District, Heping District, Hexi District, Hebei District, and Hedong District all increased.

　　"The more the core area, the better the transaction volume and the greater the price increase. The school district housing in Heping District has exceeded 100,000 yuan per square meter, and the price of housing in the core school district has been rising." Several salespersons told reporters.

　　The reporter saw in the circle of friends of the Tianjin intermediary that the head intermediary system data showed that the transaction volume reached more than 500 sets last weekend, showing a clear trend of enlargement.

However, this data has not been verified by the official data platform.

　　New housing discounts are reduced

　　"There are also a lot of new house transactions recently. The main buyers are mainly divided into two groups, one is customers who sell second-hand houses to replace new houses, and the other is foreign house buyers for the purpose of investment and settlement." Engaged in new house transactions in Tianjin Huang Mingming, an intermediary person who has been there for 5 years, told reporters.

　　Huang Mingming introduced that the first type of replacement customers generally sell old houses in urban areas and replace them with new ones. This type of customers generally live mainly, and the acceptable total price is relatively high.

For example, in several projects currently on sale in Nankai District, the price of mainstream units is around 3 million yuan, and the buyers are mainly replacement customers in the surrounding area.

The transaction volume of second-hand housing has increased. Such customers are more likely to sell the houses in their hands and are more motivated to view houses.

The second type of customers are generally young and middle-aged white-collar workers who work in Beijing. They usually choose a new house of about 1.5 million yuan. This kind of house is currently relatively abundant in Tianjin.

　　"Buyers with household registration from other places used to need social security or tax payment certificates for two consecutive years in Tianjin within three years. Since last year, they only need social security or tax payment certificates for six consecutive months. Buyers from other places have begun to come to see houses in large numbers." Huang Huang clearly stated.

　　"With the increase in the number of house inspections and home buyers, the promotion of new houses in Tianjin has recently declined. Previously, special offers were more than 100,000 yuan cheaper than ordinary listings, but now they may only be tens of thousands of yuan cheaper. On the one hand, the previous discounts were relatively low. Most of the large houses have been sold, and on the other hand, the prices of second-hand houses in the same area have risen slightly, and the prices of new houses are also on the rise.” A number of new house sales staff told reporters.

　　Strong policy

　　"Currently, the house purchase policy in Tianjin is unprecedented." A number of house buyers and intermediary sales staff told reporters.

　　Home buyer Wang Yong shared his home buying experience with reporters. From the perspective of mortgage interest rates, the current first-home loan interest rate in Tianjin has dropped to 3.9%, which is 40 basis points lower than the five-year loan interest rate LPR (4.3%).

"For those who are currently buying a house, when signing the contract, the loan interest rate will be reduced by 40 basis points, and will remain in the 40 basis point range after that. The possibility of the bank continuing to lower the basis point is not ruled out." Wang Yong told reporters.

　　The threshold for buying a house has also been lowered significantly.

On September 16, 2022, the "Notice of 7 Departments including the Municipal Housing and Urban-Rural Development Committee on Further Improving Real Estate Control Policies and Promoting the Healthy Development of the Real Estate Industry" published on the website of Tianjin Municipal Housing and Urban-Rural Development Committee proposed to support the reasonable needs of new citizens to buy houses.

New citizens and university graduates who are not registered in this city and are employed in this city can purchase a house in this city with proof of paying social insurance or personal income tax for 6 consecutive months or more. Binhai New Area still implements the original policy on the number of houses purchased.

Support improved housing needs. Resident families with members aged 60 and over and multi-children families with two or more children can purchase another house on the basis of the city's original housing purchase restriction policy based on the household registration booklet.

If a resident family raises its own house through the city's indemnificatory rental housing development platform as an indemnificatory rental house, and the lease term is not less than 5 years, it can purchase another house on the basis of the original housing purchase restriction policy.

Optimize the down payment ratio of housing loans.

For resident families who have no record of personal housing loans and do not have a house in this city, if they apply for a commercial personal housing loan to purchase their first house, the minimum down payment ratio is 30%.

　　"We already have two children, and we may have a third child in the future. At present, the deposit interest rate has dropped, and it is not cost-effective to have bank financial management. I want to buy an additional house, which can be used for investment, savings, or for the children. There are not a few people around me who have this idea, and now they have come out to look at the house." A house buyer in Tianjin told reporters.