Property market regulation over 100 times in the year!Four provincial capitals are serious, and 60 leeway will be loosened


The reporter noted that according to incomplete statistics, more than 60 cities have released real estate easing policies, including targeted easing of purchase restrictions, reduction of the down payment ratio and granting of housing subsidies.In April, Lanzhou released “hard measures” to improve the business environment, including lowering the minimum down payment for individuals to buy their first home from 30 percent to 20 percent, and for second homes from 50 percent to 30 percent.Households that have already paid their house purchase loans and apply for loans to buy houses again shall implement the policy of first house loan;The maximum amount of provident fund loans will be raised from 500,000 yuan to 600,000 yuan for single workers and from 600,000 yuan to 700,000 yuan for double workers.After Zhengzhou, Harbin and Fuzhou, Lanzhou is another provincial capital city to issue new property policies.On March 23, the Website of The Harbin Municipal People’s Government published the notice of the General Office of the Harbin Municipal People’s Government on Further Strengthening the Regulation and Control of the Real Estate Market (Harbin Administrative Office Regulation [2018] No. 12).It is understood that Harbin issued a regulation notice in 2018 requiring the implementation of regional sales restrictions.In addition, Zhengzhou issued control of the New Deal “19”, the cancellation of “housing and loan recognition” at the same time started shantytown monetization.Meanwhile, according to media reports, Fuzhou said that buyers with non-local hukou in fuzhou’s main urban area no longer need to provide social security or tax proof or household registration, and can already go through transfer procedures.Capital cities such as Zhengzhou, Harbin and Fuzhou have taken the lead in easing restrictions on loans, sales and purchases, and a number of second – and third-tier cities have started a new wave of “deregulation”.So far, at least 60 cities across the country have relaxed their home purchase policies.April 1, Zhejiang Quzhou Housing and Construction Bureau issued a notice on promoting the benign cycle and healthy development of urban real estate industry (hereinafter referred to as the notice) put forward, “non-city household registration of families, individual industrial and commercial businesses and enterprises invested or controlled by natural persons, regarded as the implementation of the relevant purchase policy of the city household registration”.Yan Yuejin, research director of e-House Think tank Center, told reporters that Quzhou is the first city in China this year to lift both purchase and sales restrictions, which has a very strong signal significance.Yan Yuejin said that compared with the recent loosening of policies across the country, similar to Zhengzhou, Fuzhou cancelled purchase restrictions, Harbin and Qingdao Jimo cancelled sales restrictions, Quzhou’s policy is more comprehensive, is a stronger loosening of the city representative.Shanxi Jinzhong issued a “Notice on adjusting housing Provident Fund individual Housing loan policy (trial)” pointed out that it will reduce the down payment ratio of the second house, families buying a second set of improved housing need to apply for housing provident fund loans, the down payment ratio will be reduced to no less than 20% of the total purchase price.Previously, Beihai, Zigong, Nanning and other cities have introduced policies to reduce provident fund down payments and increase loan quotas.Sichuan Mianyang issued a notice on promoting the Steady and healthy Development of the Real Estate Market (draft) notice, the maximum amount of housing provident fund loans for couples will be raised from the current 600,000 yuan to 700,000 yuan;To many children families to purchase preferential policies, the implementation of fiscal subsidies.According to incomplete statistics of the Middle Finger Research Institute, more than 60 cities issued real estate related policies more than 100 times in the first quarter, mainly involving targeted easing of purchase restriction policies, reducing the down payment ratio, granting housing subsidies, reducing mortgage interest rates, canceling sales restrictions, and providing financial support for housing enterprises.From the perspective of data, the National Bureau of Statistics disclosed that from January to February, the sales area of commercial housing was 157.03 million square meters, down 9.6% year on year, among which, the sales area of residential housing fell 13.8%;The sales volume of commercial housing was 1,545.9 billion yuan, down 19.3%, among which the sales volume of residential housing dropped 22.1%.In addition, according to the middle Finger Research Institute statistics, from the sales and supply ratio, supply and demand in the first quarter were weaker.In addition, the inventory scale of key cities declined slightly, but the clearance cycle has been extended.Calculated based on the average monthly sales area in the past six months, the short-term inventory clearing cycle is 16.2 months, 1.4 months longer than that at the end of 2021. The third and fourth tier cities represent the longest inventory clearing cycle, 19.7 months longer than that at the end of 2021.58 how to live room production research institute branch director Zhang Bo analysis, from the market performance in March, some cities to find housing heat began to improve, superimposed on the recent zhengzhou, Harbin and other cities related policies, help the market further recovery.Of course, there is still an uncertain factor, that is, some cities are greatly affected by the epidemic. It is expected that the market will maintain a slow recovery in the future, and the differentiation among different cities will still be obvious.The Middle Finger Research Institute expects that in the second quarter, with the continuous optimization and improvement of the policy environment and the effective control of the epidemic, market sentiment may gradually return, but under the high base of the same period in 2021, market transaction scale may continue to fall year-on-year.Fu Linghui, spokesman for the National Bureau of Statistics, said the real estate market has seen positive changes this year thanks to concerted efforts to stabilize land prices, housing prices and expectations.From the real estate industry production index, January to February real estate industry production index decreased year on year, but the decline is narrowing.It is also mentioned in the Government Work Report that we will continue to keep land and housing prices stable and expectations stable, establish a long-term mechanism for real estate development, and accelerate efforts to promote both rental and purchase in real estate development to further meet the normal demand of the commercial housing market. We believe that there is a foundation and conditions for the steady development of the real estate market.

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