The Shanghai property market has made a big move. Shanghai said that starting from January 31, it will relax restrictions on home purchases by single people without registered permanent residence in Shanghai. In the past month, Shanghai has adjusted and optimized its property market policies many times.
Policy packages for first- and second-tier hotspot cities are constantly being distributed, and this time Guangzhou is at the forefront. On January 27, Guangzhou officially announced a number of new property market policies, including no restrictions on the purchase of units above 120 square meters. Policies in first-tier hotspot cities have been refined one after another.
After Guangzhou adjusted its purchase restriction measures, more cities are following suit. On January 30, Suzhou City announced the complete cancellation of purchase restrictions in six districts of the city, and there will no longer be restrictions on the number of units purchased.
Whether it is Shanghai's loosening of household registration and single housing purchases, or the near-total loosening of property markets in Guangzhou, Suzhou and other places, it is not difficult to see that various places are doing their best to meet diverse and diversified housing needs.
Based on reasonable housing needs and new situations, fully consider the home purchase capabilities and needs of various groups of people, and actively optimize housing purchase policies to support those who have the ability and need to solve housing problems through market-based methods.
These measures to loosen restrictions on the property market echo the recent statement issued by the Ministry of Housing and Urban-Rural Development to fully empower cities with autonomy in real estate regulation and adjust real estate policies according to local conditions.
It is an indisputable fact that the property market is not what it used to be.
At present, the national property market is still falling in both volume and price. The latest data from the National Bureau of Statistics shows that in December last year, the prices of new and second-hand houses in first-, second- and third-tier cities fell across the board, and the decline expanded. Among them, the price of second-hand houses fell in all cities, and the number hit a new high in the past ten years.
The real estate market has transitioned from an overheated stage where supply exceeds demand to a stage where the demand side is underpowered and the overall market is cold. In the face of new situations and new circumstances, it is inevitable and necessary to make policy adjustments.
Going back to August last year, Guangzhou launched the first shot of "recognizing houses but not loans" in first-tier cities, followed by Shenzhen, Shanghai, and Beijing.
Based on this, the tone of real estate policy adjustments will continue to be "deleveraging" from the early stage, allowing localities to implement city-specific policies, gradually moving towards "stimulation", and opening up "instrumental" loosening of purchase restrictions in an attempt to warm up the market again.
The property market has gone through an overheating period, and the "most stringent" purchase restrictions that were applicable at that time have been adjusted one by one. This is actually creating a favorable policy environment for activating this year's real estate market. Various localities have promoted the release of home purchase demand in accordance with local conditions, allowing real estate to return to the track of healthy development.
The Central Economic Work Conference held at the end of last year also set the tone for real estate. The meeting emphasized the need to actively and steadily resolve real estate risks, meet the reasonable financing needs of real estate enterprises of different ownerships equally, and promote the stable and healthy development of the real estate market.
Now it seems that behind the shift from "tight" to "loose", the release of effectiveness has yet to be digested by the market. Comparing historical data, there is still room for further relaxation of supportive policies after the shift.
In the future, hotspot cities will speed up the pace of loosening control policies after decentralizing control policies, insisting on "running fast in small steps" with a steady rhythm and "increasing pressure" layer by layer. First-tier cities may be more cautious in their adjustments, and continue to test from the outer ring to the city center. . (Beijing Business Daily Tao Feng)