(Economic Observation) More than a month, more than ten localities intensively tightened the property market, a new round of regulation strikes?
China News Agency, Beijing, August 6 (Reporter Pang Wuji) The second half of 2020 has only been "open" for more than a month, and the wind direction of the Chinese property market seems to have changed. After a change in the policy "warmness" brought about by previous relief and support, Hangzhou, Dongguan, Nanjing, Shenzhen and other places have intensively tightened real estate control, and the real estate market in many places is expected to turn cold.
On the 3rd, Haikou issued a new real estate policy that prohibits delayed online signing of new commercial housing purchases; after obtaining the pre-sale certificate, real estate development companies will disclose all the listings and the price of each house at one time within 10 days. At the same time, the New Deal emphasizes that real estate development companies must not resort to methods such as reluctant sales, breaking up sales, marketing hungry, and hiring people to queue up to create a false atmosphere of strong sales.
On the same day, Fuyang City, Anhui Province tightened the housing provident fund policy and stopped granting provident fund loans to purchasers of third and above houses; provident fund loans to purchase second homes, the down payment ratio is not less than 50%, and the interest rate is not less than 1.1 of the first home interest rate in the same period Doubling. The New Deal will be implemented on August 10.
Including the above two places, according to statistics from the Centaline Real Estate Research Center, since July, more than ten places including Dongguan, Hangzhou, Ningbo, Shenzhen, Nanjing, and Inner Mongolia have introduced tightening policies for the property market. Among them, Dongguan issued two consecutive rounds of tightening policies in the property market within one month.
The New Deal in many places includes upgrading purchase restrictions and other content. For example, the expansion of the purchase restriction area in Ningbo from the original three districts to the fifth district of the city; Dongguan included second-hand houses in the purchase restriction for the first time; Shenzhen stipulates that the residence must be settled in the local area for 3 years and pay tax or social security for 3 years or more. Buy a house.
Some cities have also increased their sales restriction policies to block "real estate speculation". For example, Hangzhou restricts the sale of housing obtained through the preferential purchase of high-level talents for 5 years. Dongguan has extended the housing sales restriction period from the original 2 years to 3 years. Other measures include raising the provident fund loan threshold and down payment ratio, increasing the period of exemption of value-added tax on housing transfers, blocking "false divorces", and managing market chaos.
Zou Linhua, head of the housing big data project team of the Chinese Academy of Social Sciences’ Institute of Financial Strategy, pointed out that the tightening of regulation in many cities is mainly due to the rising demand for investment and speculation. Housing prices in some cities have risen, while housing prices in a few cities have risen faster. In the past, many cities The purchase restriction threshold is relatively low, and under the background of relatively loose credit funds, it is easy to become the target of investment speculation. This multi-city intensive upgrade of purchase restrictions can further stabilize the market.
Zhang Dawei, chief analyst of Centaline Real Estate, believes that the main feature of this round of property market regulation is the "three fakes", including "fake settlements," "fake divorces," and "fake talents," adding "patches" to existing policies. Generally speaking, the severity of regulation has indeed improved, but with the exception of some cities such as Shenzhen, the regulation is relatively moderate, and the national property market policies have not been fully upgraded.
Behind the intensive increase of local policies is the new signal delivered at several important recent meetings.
The real estate work forum held on July 24 pointed out that it is firmly adhered to the positioning of houses for living, not for speculation, and not to use real estate as a short-term economic stimulus. At the same time, it is pointed out that we must attach great importance to the new conditions and problems in the current real estate market, and always tighten the string of real estate regulation.
The Politburo meeting held on July 30 again emphasized adherence to the positioning of "housing and housing not speculating."
Xu Xiaole, chief market analyst at the Shell Research Institute, said that the epidemic has not and will not change the policy tone of "housing, not speculation". In the first half of the year, although the economy was severely hit by the epidemic, the real estate market regulation and control policies still maintained continuity and stability, and the loosening policies introduced by some cities were suspended. In a very small number of rapid increases in housing prices, further intensify regulation and control, curb the behavior of taking the opportunity to speculate in real estate, and maintain a healthy market operation.
How will the subsequent property market and regulatory policies evolve? According to the analysis of the Crane Research Center, the overall monetary policy will remain loose in the second half of the year, but the real estate credit and financing policies are difficult to open. Down payment loans and mortgage loans are still the key targets of supervision, and the policy will still strictly prevent excessive flow of funds to the real estate market. In this context, various localities have implemented policies depending on the city, and the real estate policy may be "relaxed".
A report issued by the E-House Real Estate Research Institute said that among the large and medium-sized cities in the country in the first half of the year, housing prices were relatively hot in 13 cities, excluding cities that have introduced stricter control policies. In the second half of the year, there were 9 cities including Yinchuan, Tangshan, Xining, Hangzhou, Chengdu, Wuxi and other places are expected to tighten regulation. (Finish)