On April 2nd, the day before the Qingming holiday, news of relaxation of regulatory policies came from Quzhou, Zhejiang Province and Qinhuangdao, Hebei Province. In particular, Quzhou canceled the purchase restriction, and no longer restricted the sale of commercial houses of 1.44 square meters and above, becoming the first city in China to cancel both the purchase restriction and the sale restriction.
In the face of the relaxation of regulatory policies in several cities this year, covering the contents from loan restriction to sales restriction and purchase restriction, the insiders believe that the relaxation of policies in various places is firm and comprehensive, opening the way for the recovery of the real estate market in the second quarter. In the key window period of "stabilizing the property market" in various places, it is expected that more cities will follow up in the future.
The first city to release the restrictions on purchases and sales this year
On April 1, Quzhou City, Zhejiang Province issued the Notice on Promoting the Benign Cycle and Healthy Development of the Urban Real Estate Industry. In order to support reasonable housing demand, non-Quzhou registered families, individual industrial and commercial households and enterprises invested or controlled by natural persons are regarded as registered families in this city to implement relevant housing purchase policies. This also means canceling the purchase restriction. Previously, Quzhou could purchase houses in urban areas for non-local registered households, and it was stipulated that it was necessary to pay social security or a tax of over 1.2 months and only 1 sets could be purchased.
It is worth noting that this time, Quzhou will no longer restrict the sale of newly-built commercial housing in newly-sold plots in urban areas, and newly-built commercial housing of 1.44 square meters and above in sold plots that have not been signed online.
"Quzhou is the first city in China to cancel the purchase restriction and sales restriction at the same time this year." Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that the cancellation of the "two limits" in Quzhou this time reflects the orientation of loosening the Quzhou market, which will further reduce the concerns of buyers, thus promoting the activity of the real estate market, and also has a positive effect on the destocking of housing enterprises.
Chen Wenjing, director of market research of Index Division of China Central Finger Research Institute, also thinks that this is the first city where the policies of restricting purchases and sales are optimized at the same time after the relaxation of restrictions on purchases in Fuzhou. Quzhou, as a third-and fourth-tier city, has been operating at a low temperature since the second half of 2121, and the current market adjustment pressure is still there. According to the monitoring data of the Central Finger Research Institute, in the first quarter of this year, the transaction area of commercial housing in Quzhou decreased by over 71% year-on-year.
"The strength of Quzhou's relaxation this time is largely related to the current Quzhou market and policies. Judging from the Quzhou market, the first quarter was really weak. From the policy point of view, in recent years, Quzhou's policy has been tightened frequently, even more actively than Jinhua's regulation. There are tightening policies in Kaihua and Jiangshan under Quzhou, which shows the severity of its policies. It is also reasonable to loosen it now. " Yan Yuejin said.
Qinhuangdao cancels the purchase restriction
Coincidentally, on April 1, Qinhuangdao Real Estate Transaction Service Center issued the Notice on the Requirements for House Purchase Qualification Verification and the Change of Receiving Materials, which mentioned that since April 2, 2122, the buyers who purchased the stock houses (second-hand houses) only provided their valid identity documents when applying for the house purchase qualification verification.
as early as March, the market has been rumored that Qinhuangdao city, Hebei province announced that the purchase restriction order implemented since April 5, 2117 was officially abolished. In Yan Yuejin's view, Qinhuangdao issued a purchase restriction order in 2117, stipulating that foreign people need 1 years of social security when buying a house, and the down payment ratio of the first suite is 31%. Therefore, Qinhuangdao abolished the purchase restriction policy and relaxed the loan down payment policy. This kind of policy will further stimulate the activity of Qinhuangdao real estate market, which is a very typical policy to stabilize the property market.
regarding the current performance of Qinhuangdao market, Meng xinxin, an analyst with the index business department of China Central Finger Research Institute, said that according to the 111-city price index of China's real estate index system, as of March this year, the price of new houses in Qinhuangdao fell for five consecutive months, the price of second-hand houses fell for 11 consecutive months, and buyers' home ownership expectations were weak. In the face of the market that is still in deep adjustment, the cancellation of purchase restriction in Qinhuangdao is conducive to promoting the release of demand for just-needed and improved home buyers, restoring market confidence and accelerating the pace of market recovery.
More than 61 cities have adjusted their real estate policies since this year
Since p>2122, the central government has repeatedly emphasized supporting the release of reasonable housing demand and preventing and resolving the risks of housing enterprises, and various ministries and commissions have also actively expressed their position to release the signal of maintaining stability. Local governments are also implementing the "policy for the city". According to the incomplete statistics of the Central Index Research Institute, in the first quarter of this year, more than 61 cities issued real estate-related policies for more than 111 times, mainly involving relaxing the purchase restriction policy, reducing the down payment ratio, granting housing subsidies, lowering the mortgage interest rate, canceling the sales restriction, providing financial support for housing enterprises, etc., from both ends of supply and demand, and focusing on the demand side.
Among them, Zhengzhou implemented the requirements of the central government, issued the "Article 19" New Deal with the widest scope and the strongest policy, and explicitly canceled the "recognizing the house and accepting the loan" in view of the demand for improved house purchase, becoming the first city in China to relax the loan restriction, which provided a model for other cities.
on March 23rd, Harbin abolished the regional real estate sales restriction policy implemented since 2118. At the end of March, there was news that Fuzhou's purchase restriction was loose. If you buy a house in the five districts of Fuzhou, you can buy a set of ordinary houses below 1.44 square meters in the five districts of Fuzhou without providing medical social security or tax payment certificate or settlement in the past two years.
Policy relaxation enters the core content of regulation
"The pace of policy relaxation is very fast. In the first quarter of this year, the data of the real estate market was generally bad. Just entering the second quarter, the news of policy relaxation in various places continued to increase, which fully reflected the urgency of local governments to take the initiative to relax. " Yan Yuejin said that since March, six cities, including Zhengzhou, Harbin, Qingdao, Fuzhou, Quzhou and Qinhuangdao, have loosened or cancelled the policies of restricting purchases and sales, which fully shows that the regulation and relaxation has entered a new stage, that is, from the previous practice of reducing down payment to the loosening of the "five limits" policy.
It is noteworthy that the policy relaxation has entered the substantive content, that is, the cancellation of purchase restriction, which is the core regulation content. Yan Yuejin believes that it has become a trend to abolish some untimely purchase policies in various places recently. In particular, prefecture-level cities or third-and fourth-tier cities have also begun to enter the ranks of saving the market or stabilizing the property market. The relaxation of local policies is resolute and comprehensive, and through the abolition of such existing policies, it opens the way for the recovery of the real estate market in the second quarter.
in Chen Wenjing's view, "steady growth" has become the top priority of economic work this year. Whether from the perspective of stabilizing the economy or preventing risks, the stability of real estate this year is crucial. In cities such as Quzhou and Qinhuangdao, where market confidence has not been significantly restored and short-term adjustment pressure is high, the relaxation of demand-side policies will be intensified, which will help promote the release of reasonable demand for housing, restore market sentiment, stabilize market expectations and have a positive effect on market stabilization and recovery.
Chen Wenjing predicts that more cities may follow suit. Yan Yuejin also believes that there will be a wave of intensive relaxation in the national real estate in April, which is a very critical window period for stabilizing the property market in various places.
reporter Yuan Xiuli.