At the beginning of 2024, the national property market regulation has entered a new stage, and the four first-tier cities have loosened purchase restrictions to varying degrees.

On February 6, Beijing introduced new policies, and Tongzhou District canceled the “double restrictions” that had been in place for 9 years.

　　Industry insiders said that for Beijing as a whole, in addition to the much-anticipated relaxation of Tongzhou's "dual restrictions", the interest rate cut policy since the beginning of the year and a series of property market policy optimizations last year are still having an impact on the property market.

　　After Tongzhou cancels "double restrictions"

　　On the afternoon of February 6, Beijing introduced new policies, and Tongzhou District canceled the “double restrictions” that had been in place for 9 years.

If families who have settled or are employed in Tongzhou District need to purchase commercial housing in Tongzhou District, they only need to meet Beijing's purchase restriction conditions.

　　Tan Qiang (pseudonym), who has lived in Tongzhou District, Beijing for many years, told the Beijing News reporter that there are six people in his family and they urgently need to improve their housing.

As early as 2022, he had listed a house in Tongzhou District with a market price of more than 4 million yuan on an intermediary platform, and planned to replace it with a large-area house in Tongzhou District, but the house still failed to be sold until early 2024.

"Good things will always happen slowly." Tan Qiang told reporters, "Waiting, waiting, Tongzhou issued a new policy to make some people eligible to buy houses in Tongzhou. As a result, my house has become more attractive. Liquidity.”

　　For more than a month after the new policy was introduced, Tan Qiang, his wife, and his parents were either on the way to view houses or showing others their own houses.

　　An intermediary near Canal Bay in Tongzhou, Beijing, told reporters, "After the Spring Festival holiday this year, the number of viewings has increased significantly, mainly on weekends. Last weekend, the number of viewings per person in our store was about five groups per day, and there were two sets of viewings on weekends. About 400 second-hand houses were sold in several major regions on that day, almost doubling the average number of transactions on weekends in January before the New Deal."

　　During the visit, the reporter learned that after Tongzhou relaxed the dual restrictions, the new housing market also saw significant changes.

According to several real estate agents, after the Spring Festival holiday, the number of viewings and transactions of new homes has also increased significantly. For some properties, more than a dozen properties were sold in one weekend, and the number of viewings doubled. In the past two weekends, the average number of sales per day has been The number of viewings must be seventy or eighty.

　　The person in charge of the Vanke Donglu project, a new project for sale in Tongzhou, told reporters that 83 units of the project were sold from February 6 to 29, with a total amount of 410 million yuan.

In February, the proportion of new transactions and signings directly affected by the New Deal accounted for 20%.

　　Chen Wenjing, market research director of China Index Research Institute, believes that in the short term, the rebound in market activity in Tongzhou District is expected to continue for a period of time. Due to the lag in online signing data, the performance of subsequent transaction data is expected to be more obvious, which will also have a certain impact on the Beijing property market. support.

　　Guan Rongxue, a senior analyst at the Zhuge Data Research Center, said that from the perspective of Tongzhou project monitoring, Tongzhou’s transaction trend in the past two months is consistent with the city’s, with new home transaction volume “rising in January and falling in February.” At the same time, Tongzhou’s new home transaction volume has accounted for Compared with other districts in Beijing, it is generally at the forefront. It is expected that as the effects of Tongzhou’s policy of loosening purchase restrictions before the holidays gradually ferment, the activity of the property market in Tongzhou District may further increase.

　　Beijing frequently releases favorable policies

　　In fact, before entering 2024, in order to better meet residents' rigid and improved housing needs, Beijing has successively introduced loose property market policies. Among them, the most concerned ones are the implementation of "recognition of houses but not loans" and reduction of down payment ratio.

　　On September 1, 2023, Beijing’s “House Recognition but Not Loan Recognition” policy was officially implemented.

For the couple Shen Peng (pseudonym) and Wang Ting (pseudonym) who have always wanted to buy a house in Beijing, their opportunity to buy a house finally came under the policy of "recognizing a house but not a loan".

　　In early 2017, as the property market around Beijing gradually became hotter, Shen Peng and Wang Ting bought their first house in Yanjiao, Hebei.

"At that time, I saw that housing prices were rising, and I planned to find a suitable property in Beijing to replace it when I became rich later." Shen Peng said that subsequent house purchase policies have made the threshold for buying a house in Beijing increasingly higher, and you need to pay A down payment of 60% or 80% is quite difficult for both of them.

　　Shen Peng told reporters that his house in Yanjiao can now be sold for up to 1 million yuan. With a few years of savings of 500,000 yuan, and borrowing some money from here and there, he can get up to 2 million yuan at most. Before the launch of "No Subscription for Loans", because they could not enjoy the preferential policies for first-time buyers, they could barely buy a house with a total price of about 3 million yuan in Beijing with the 2 million yuan. The quality of available housing was far from expected.

"Since the day when the 'recognize the house but not the loan' policy was introduced, our pace of viewing houses has basically never stopped." Wang Ting said that in October 2023, they finally realized their dream of buying a house in Beijing and sold the Yanjiao house. House, a second-hand house near the workplace in Chaoyang District, Beijing was purchased for a total price of 5.2 million yuan.

　　In addition, on December 14, 2023, multiple departments in Beijing jointly issued a notice to adjust the down payment ratio for first and second homes, and optimize the standards for the identification of common houses.

The minimum down payment ratio for first-home loans in Beijing has been adjusted to 30%; the minimum down payment ratio for second-home loans is 40% for purchases outside the sixth district of the city and 50% for purchases within the sixth district of the city. The maximum loan period has also been increased from the previous one. 25 years is adjusted to 30 years.

　　After the Spring Festival, policy-level benefits will emerge again.

On February 20, the People's Bank of China authorized the National Interbank Funding Center to announce the new loan market quotation rate (LPR). The LPR for more than 5 years was reduced from 4.2% in the previous period to 3.95%, a direct reduction of 25 basis points, creating a The largest reduction in recorded history.

Looking specifically at Beijing, if it is a first home, the interest rate for housing loans within the six districts of Beijing is reduced to 4.05%, and the interest rate for housing loans outside the six districts is reduced to 3.95%; if it is a second home, the interest rate for housing purchased in the six districts of the city is reduced to The interest rate for housing loans within the city has dropped to 4.55%, and the interest rate for buying housing outside the sixth district of the city has dropped to 4.5%.

　　Industry: Favorable policies will continue to affect Beijing’s property market

　　For the entire Beijing property market, Tongzhou has continued to make efforts this year by canceling the "double limit" and lowering mortgage interest rates, coupled with a series of policy optimizations last year.

　　Talking about Beijing's new home market, a real estate developer told reporters that in the first week after the resumption of work during the Spring Festival, the visitor index for major new properties in Beijing was about 34%, which has returned to the pre-holiday average, and the total number of visitors has increased significantly.

Due to the squeeze from the second-hand housing market, the market is still in the stage of repair and adjustment.

　　On March 6, reporters from the Beijing News learned from multiple new projects in Chaoyang, Tongzhou, Shijingshan, and Shunyi that after the Lantern Festival, the number of project visits gradually increased.

　　However, in terms of second-hand houses, a real estate agent in Dongcheng District, Beijing, told reporters, "From the second half of 2023 to the present, the real estate replacement group is still facing an embarrassing situation." Many people are stuck in the house exchange process, resulting in The number of second-hand house listings has increased, and we are in a situation of exchanging price for volume.

　　According to data from the China Index Research Institute, Beijing’s new housing market performed steadily from January to February, with a cumulative transaction volume of approximately 1 million square meters, which was basically the same as the same period last year. In February, the price of new residential buildings increased by 0.17% month-on-month and 0.98% year-on-year; in February, Beijing There were about 6,000 second-hand commercial housing transactions, and the cumulative transaction volume from January to February was about 18,000 units, a year-on-year decrease of about 20%. The price of second-hand housing fell by 0.49% month-on-month.

　　Regarding the impact of favorable policies on Beijing's property market, Guan Rongxue, a senior analyst at Zhuge Data Research Center, said that Beijing relaxed the purchase restriction policy before the holidays, providing new impetus to promote the release of demand for home purchases, and it is expected that the policy effects will gradually appear.

Leng Hui, an analyst at Beijing Lianjia Research Institute, also believes that since the relevant policies were released on the eve of the Spring Festival, affected by factors such as holiday travel, the policy effects have not yet been fully realized. As the market gradually recovers after the holiday, the policy effects will gradually appear.

　　It is worth noting that on March 5, the second session of the 14th National People’s Congress opened. Premier Li Qiang delivered a government work report, in which the housing-related content mentioned the demand for diversified and improved housing.

Chen Wenjing believes that under the requirement to support diversified demand for improved housing, Beijing’s policies to support the demand for improved housing are expected to be further strengthened, such as optimizing purchase restriction policies for large areas, relaxing the 1.0 floor area ratio limit for suburban projects, and providing support to families with multiple children. Or more policy support for elderly families, enhanced provident fund loan support for improved housing needs (such as increasing the number of loans), etc.

All these are conducive to better promoting the release of demand for improved housing, thereby supporting the entire real estate market.

　　Beijing News reporter Zhang Jian