News 1+1丨"Recognize housing without loans" landing, what is the effect?
From "recognizing housing and loans" to "recognizing houses without recognizing loans", behind the word difference is the change in supply and demand in China's real estate market in the past 13 years, and it is also the result of timely adjustment and optimization at the policy level. According to incomplete statistics, in the past 10 days, at least 24 cities have fully implemented the policy of "recognizing housing but not recognizing loans". So, how is the market changing when the policy is implemented? "News 1+1" connected Pu Zhan, deputy director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development, and jointly paid attention to the landing of "recognizing housing without recognizing loans", what is the effect?
How to view the background and timing of the introduction of the "Recognize Housing but Not Recognize Loans" policy?
Pu Zhan, deputy director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development: The background can be viewed from two aspects. (4) From the perspective of the development of the real estate market, we all know that market sales picked up significantly in the first quarter of this year, affected by many factors, since April, market transactions have slowed down, and market expectations have also shown signs of weakening.
(65) From the perspective of meeting the housing needs of residents, we are still in the second half of the rapid development of urbanization, last year our country's urbanization rate was 2.<>%, there is still room for development from the stage of urbanization stability, and the corresponding rigid demand still has a relatively large increment. On the other hand, the group with housing in the city also has a relatively large demand to improve living conditions, so from the perspective of meeting rigid and improved demand, it is also an important background for the introduction of policies.
All four first-tier cities have joined the ranks of "recognizing housing but not recognizing loans"
What is the impact?
Pu Zhan, deputy director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development: After the introduction of the policy of "recognizing housing without recognizing loans" at the national level, the four first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen have actively landed, and the policy of "recognizing housing without recognizing loans" has been fully implemented. From the perspective of the development process of the real estate market in the past, the four first-tier cities are actually hot cities in real estate, and they have a very obvious "wind vane" role for surrounding cities and even cities in a larger region, and even the whole country. In addition, we should also see that with the development of the real estate market, especially at the current stage of development, the differentiation between cities is more significant. Since 2018, our real estate regulation and control policy has actually adopted the regulation and control mechanism of "city-specific policies" and "one city, one policy". Under this mechanism, cities should combine the development of their respective real estate markets to improve, optimize and adjust regulatory policies.
How will the benefits of "recognizing a house but not a loan" be released?
Pu Zhan, deputy director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development: After the introduction of the policy, we have been closely observing. We think the market response has been generally positive. Some market agencies have also done surveys. The survey shows that from the overall perspective of the country, the willingness to buy a house can increase by about 15 percentage points, and the growth rate may be higher in first-tier cities. From the actual implementation of the policy, we feel that buyers with rigid needs and improvement needs, the signs of active entry into the market are still very obvious. The survey of some market institutions shows that the volume to be seen and the transaction volume have been significantly improved.
Optimization and adjustment, intensive introduction of policies in various places
In addition to the policy of "recognizing housing but not recognizing loans", the central bank and other financial departments are also adjusting and optimizing differentiated housing credit and reducing the interest rate of the first set of housing loans in stock. The recent optimization and adjustment of a series of real estate policies are constantly enriching the toolbox of policy regulation and control. Poke the video to understand ↓
How is local regulation carried out?
Pu Zhan, deputy director of the Policy Research Center of the Ministry of Housing and Urban-Rural Development: With the major changes in the supply and demand relationship of China's real estate market, under the regulation and control mechanism of city-specific policies, local governments need to optimize and adjust policies according to the changes in their own real estate market situation. According to our statistics on this round of real estate market regulation and control policies, more than 180 cities have adjusted policies and measures according to urban policies, and the cumulative number of adjustments has reached more than 350 times. For the adjustment of the purchase restriction policy, I think everyone is also very concerned, in fact, the number of cities that really implement the purchase restriction is still a minority, in a small number of cities, in this round of real estate market development process, most of the optimization and adjustment of the purchase limit, such as adjusting the purchase restriction area, adjusting the purchase limit years.