Zhongxin Finance, April 7 (Zuo Yukun) The signal of the "unbinding" of the property market is spreading to more and wider cities.
Generally speaking, the real estate industry in third- and fourth-tier cities often needs more incentive policies.
But since March, the four provincial capital cities represented by Zhengzhou, Harbin, Fuzhou, and Lanzhou have also opened their policy toolboxes one by one.
Data map: Real estate real estate.
Photo by China News Agency reporter Zhang Bin
Lanzhou property market regulation is substantially relaxed
At the end of the Qingming holiday, the Lanzhou property market in Gansu made a big move.
The "Several Measures for Lanzhou City's Implementation of the Strategy of Strengthening the Provincial Capital and Further Optimizing the Business Environment (No. 1)" was released, which released positive signals in terms of reducing the down payment ratio, partially relaxing purchase restrictions, and relaxing restrictions on sales.
In terms of loans, the minimum down payment for the purchase of a first home by an individual through commercial bank and provident fund loans shall not be less than 20%, and the minimum down payment for a second home shall not be less than 30%.
At the same time, for families who own a house and have paid off the house purchase loan, if they apply for a loan to buy a house again in order to improve their living conditions, the first-time home loan policy shall be implemented, that is, the implementation of the "loan without recognizing the house".
In terms of purchase restrictions, adults working and living in Lanzhou who need to bring their parents and other close relatives who live in different places to live in Lanzhou will be supported and allowed to purchase a new house in the purchase-restricted area; for families with two or three children , you can also buy a new set of real estate in the restricted purchase area, which opens the purchase restriction window to a certain extent.
The relaxation of the policy is closely related to Lanzhou's own market conditions.
According to the Hundred Cities Price Index of the China Real Estate Index System, the price of new commercial housing in Lanzhou has dropped for three consecutive months, and the transaction volume of commercial housing in the urban area has declined for 10 consecutive months. Low, the market adjustment pressure is greater.
"Lanzhou has increased its demand-side policies this time, covering a wide range, and has relaxed restrictions on purchases, loans, and sales." As Chen Wenjing, market research director of the Index Division of the China Index Research Institute, said, the industry generally believes that Lanzhou's this time. Relaxation movements are comprehensive.
The last such rich policy was the "Notice on Promoting the Virtuous Cycle and Healthy Development of the Real Estate Industry" (referred to as "Zheng Nineteen") issued by Zhengzhou, Henan on March 1. Zhengzhou's policy."
Therefore, the real estate market situation in Zhengzhou one month after the release of "Zheng Nineteen" also has reference significance for the regulation and control of various places.
Data map: "Lake View Room" in Lanzhou New District.
Photo by Ding Kai
"Zheng Nineteen" full moon, improved housing is hot
"Two weeks after the policy was introduced, there were a lot of people looking at houses, and it was quite hot. Now the heat has dropped." Zhengzhou real estate agent Xu Feng (pseudonym) told Zhongxin Finance and Economics.
The rise in volume has not yet led to a rebound in housing prices.
During the Qingming holiday that just passed, Xu Feng’s store was still actively preparing for promotional activities. He introduced a second-hand property located on the third ring road in Zhengzhou to Zhongxin Finance, and many buyers are currently interested: “The 120-square-meter three-bedroom , it’s been a long time, and the owner’s price is 880,000 yuan. You must know that four or five years ago, the same apartment in the same community could sell for nearly 1.5 million yuan.”
But what makes Xu Feng more obvious is the recovery of improved housing, that is, home buyers who "have a house and the loan is repaid, and enjoy the first loan when buying again" in the New Deal.
Xu Feng, for example, in the main city of Zhengzhou, a hot real estate with a starting price of 5 million yuan, not only can visit hundreds of groups of customers a day, but some sales staff can sign four or five orders a day.
"In general, in the first short holiday after the New Deal in Zhengzhou, the overall sales of the property market was better than that at the end of last year, but it has not caught up with the same period last year." Xu Feng believes that after experiencing heavy rains, epidemics, and "unfinished buildings", etc. After several rounds of blows, the property market in Zhengzhou is still expected to be repaired. What is most needed is confidence, and it is also expected that the fervor of improved housing will drive just-needed entry.
Data map: A scene in Zhengzhou.
Photo by Ding Youming
Harbin and Fuzhou relax restrictions on sales and purchases
On March 23, Harbin, also the provincial capital, announced the abolition of the sales restriction policy introduced in 2018.
In the document, the statement that the original regulation "has completed its phased regulation mission" is quite eye-catching.
Since 2018, Harbin has implemented a regional sales restriction policy. In the 6th district of the main urban area, the authority to cancel the registration information of the construction unit's online contract signing has been cancelled. Anyone who buys a new commercial housing must be 3 years from the date when the commercial housing online signing contract is signed. listed transactions.
Yan Yuejin, director of the think tank center of the E-House Research Institute, said that the abolition of existing policies in Harbin this time is a new form of policy relaxation, which marks the reduction of local real estate policy constraints and binding content.
The abolition of the "restricted sales" policy means that the Harbin property market, which has no purchase restriction policy, is facing more positives.
However, in the eyes of industry insiders, it remains to be seen how the positive effect will be.
Because in October last year, Harbin issued 16 new policies, including relaxing the conditions of provident fund loans and issuing housing subsidies, but half a year later, the property market in Harbin is still in a downturn.
The provincial capital city that also "can't sit still" is Fuzhou, Fujian.
On March 30, some media learned from the Fuzhou Real Estate Registration and Trading Center that Fuzhou has relaxed the purchase restriction policy within a certain range, and non-registered households can buy houses locally.
Specifically, non-Wucheng households (including Hong Kong, Macao and Taiwan) who buy a house in Fuzhou Wucheng District do not need to settle down, and do not need to provide medical and social insurance or tax payment certificates for 12 months in the past 2 years or settle down, they can buy a set of Fuzhou Wucheng District 144 Ordinary residences below square meters.
"It shows that the provincial capital cities are also gradually relaxing, and the pressure on the provincial capital cities is also greater. Similar relaxation has a positive impact on the change of market expectations in the province where the policy is located." Yan Yuejin pointed out.
Data map: A residential area under construction.
(Photo by drone) Photo by China News Agency reporter Lv Ming
More than 60 cities shot, the effect may appear in the middle of the year
If you look beyond the provincial capital cities, you will find that more cities have already joined the team of loosening the property market.
In terms of scope, entering April, 6 cities successively introduced loose policies in just 5 days.
According to incomplete statistics from Zhuge Research Institute, as of March 30, 62 cities have loosened property market policies, mainly reducing down payment ratios, lowering mortgage interest rates, loosening provident fund loans, loosening restrictions on sales and prices, loosening purchase restrictions and loan restrictions, and housing subsidies. equal level.
In terms of strength, since March, six cities, including Zhengzhou, Harbin, Qingdao, Fuzhou, Quzhou, and Qinhuangdao, have loosened or canceled the purchase and sales restrictions, which fully shows that the relaxation of control has entered a new stage, that is, the reduction from the previous period. The practice of down payment has transformed into a loosening of the "five restrictions" policy.
Regarding the repeated withdrawal of restrictive measures, Guan Rongxue, an analyst at Zhuge Housing Search Data Research Center, mentioned that restrictive policies such as purchase restrictions and sales restrictions have relatively strong control over the property market, the effect period is relatively short, the effect is more obvious, and the adjustment is relatively flexible.
"But if the control is not well controlled, there will also be certain drawbacks. For example, excessive restrictions may reduce the market's desire to buy and lead to an imbalance between supply and demand in the property market." Guan Rongxue mentioned, so it also reflects the city's urgency and urgency for policy relaxation. necessity.
"During the Qingming holiday in 2022, among the key monitoring cities across the country, except for some hot cities, the transaction area has increased, and the transaction scale of most cities has declined year-on-year." According to the data of the China Index Research Institute, but the hot cities have gradually released the backlog of demand in the early stage. , the market has entered a recovery channel, and it is expected that the market in hot first- and second-tier cities and some third- and fourth-tier cities within the eastern urban agglomeration is expected to take the lead in stabilizing and recovering.
Institutions generally believe that the middle of the year or an important turning point in the property market.
The bottom of the real estate policy is gradually emerging. Driven by the city-specific policies for real estate sales and supporting financing, it is expected that the demand for real estate credit will improve significantly in the middle of the year, driving the overall credit demand to improve.
(over)