Guangzhou became the first first-tier city to officially announce the relaxation of purchase restrictions, will Beijing, Shanghai and Shenzhen follow suit?

Guangzhou became the first first-tier city to relax the conditions for buying a house this year.

On September 9, the General Office of the Guangzhou Municipal People's Government issued the Notice on Optimizing the Policy for the Stable and Healthy Development of the Real Estate Market in the City. The Circular clearly optimizes the number of housing purchase restrictions and value-added tax exemptions.

Many districts relax purchase restrictions, non-registered residents purchase housing social security "5 years to 2 years"

According to the new policy, Guangzhou adjusted the housing purchase restriction policy to allow households with household registration in the city to purchase 2 houses in Yuexiu, Haizhu, Liwan, Tianhe, Baiyun (excluding Jianggao Town, Taihe Town, Renhe Town, Zhongluotan Town), Nansha and other districts; If a non-resident household registration in the city can provide a certificate of continuous payment of individual income tax or social insurance in the city for 2 years before the date of purchase, the purchase of one house is limited.

In this regard, the official interpretation pointed out that households with household registration in Guangzhou are still limited to 2 houses in Yuexiu, Haizhu, Liwan, Tianhe, Baiyun (excluding Jianggao Town, Taihe Town, Renhe Town, Zhongluotan Town), Nansha and other areas.

This also means that Guangzhou has included Panyu, Huangpu, Huadu and four towns in the north of Baiyun into non-restricted purchase areas.

For non-resident households in the city, the purchase of 1 house in the above areas is limited to 2 years of continuous payment of individual income tax payment certificate or social insurance certificate in Guangzhou before the date of purchase. The original policy required 5 years of individual tax or social security.

According to the policy, adult single (including divorced) persons with household registration in Guangzhou are still limited to purchasing 1 house in the above areas.

Chen Xueqiang, research director of the Guangzhou Branch of the China Index Research Institute, pointed out that from the perspective of the introduction of the purchase restriction optimization policy, Guangzhou will include Panyu, Huangpu, Huadu and the four towns in the north of Baiyun into the non-restricted purchase area, which will significantly relax the qualifications for buying houses in the four districts of the city's household registration and non-city household registration, and will also drive a significant increase in the transaction volume in these areas in the short term. At the same time, it also reduces the qualification of non-registered households in the five central districts and Nansha District, which will boost the activity of Guangzhou's real estate market and confidence in buying houses overall, and further stimulate the release of market demand.

9 District VAT exemption period "5 years to 2 years"

In addition, the new policy shows that Guangzhou will adjust the VAT exemption period for individual sales housing in Yuexiu, Haizhu, Liwan, Tianhe, Baiyun, Huangpu, Panyu, Nansha, Zengcheng and other districts from 5 years to 2 years.

Li Yujia, chief researcher of the Housing Policy Research Center of Guangdong Urban Planning Institute, pointed out that at present, the housing demand in major cities has shifted to improved demand, and the demand for housing replacement in Guangzhou is also more prominent, but at the same time, the foreign population in Guangzhou is large, the number exceeds 1000 million, and the scale of rigid demand is also large, showing a trend of rigid demand and improvement going hand in hand. Recently, the number of second-hand housing listings has risen rapidly, the transaction cycle has been significantly lengthened, and the price has fallen significantly, which has also led to pessimistic expectations, which in turn has led to a downward trend in the market. From July to August, the second-hand housing price index in Guangzhou among the 7 cities fell first. The purpose of the VAT exemption period of "8 years to 70 years" is to reduce the cost of transactions, promote the smooth sale of one buy one, not only meet the rigid demand, but also dredge the demand for house replacement, and ensure a virtuous circle of just demand and improvement, new housing and second-hand housing.

After Guangzhou relaxes purchase restrictions, will other first-tier cities follow suit?

According to the monitoring data of the China Index, the transaction of new commercial housing in Guangzhou has continued to decline for four consecutive months since April, with the transaction volume of new commercial housing in August only 4,4 square meters, down 8.50% month-on-month and 4.0% year-on-year, and the supply of new commercial housing in August was 6,25 square meters, down 7.8% year-on-year. Whether from the supply side or the transaction side, the current market supply and demand scale has been at a historical low level. In the first two weeks of September, 56,9 square meters of commercial housing were transacted, an increase of 40.8% over the first half of August, and there was no significant increase in transactions after the implementation of the "house recognition without loan" policy.

Yan Yuejin, research director of the E-House Research Institute, pointed out that Guangzhou, as the first first-tier city to relax the conditions for buying a house this year, has a strong signal significance. First-tier cities should play the role of the leader and leader of the recovery of the entire property market, lead other cities to optimize expectations, adjust expectations, and promote the real estate market to promote more sustainable, more stable and healthy development.

Yan Yuejin mentioned that the optimization of the purchase restriction policy in first-tier cities is a major policy breakthrough after recognizing housing and not recognizing loans. "According to our judgment logic, after Guangzhou relaxes the purchase restriction policy, Beijing, Shanghai and Shenzhen will also make corresponding optimization measures, but they will not be fully relaxed, and there will be reservations." From the perspective of relaxation, including regional adjustment, the purchase threshold of non-registered population is expected to be further optimized. (Surging News Reporter Ji Simin)