Many places have adjusted property market policies: Purchase restrictions have been relaxed in more than 10 cities, and controls have been relaxed in 80 cities.

On April 27, following the relaxation of property market purchase restrictions in Zhengzhou, Quzhou, Qinhuangdao, Nanjing, Suzhou and other cities, Foshan and Langfang, important cities in the Pearl River Delta and Beijing-Tianjin-Hebei region, also joined the camp to relax purchase restrictions.

Purchase restriction, as the most distinctive administrative measure to regulate the property market, has a history of 10 years. Compared with other policies, it can directly increase the number of people buying houses and is the most iconic move in the relaxation of regulation. The new measures to relax purchase restrictions are the obvious difference between this round of control measures in March and April and those in January and February. Previously, the loosening of regulations on the property market in many cities mainly focused on reducing the financial pressure on home buyers, mainly reducing down payment ratios, mortgage interest rates, and increasing loan amounts. However, this round of loosening purchase restrictions has directly increased the number of home buyers in the property market.

It is particularly worth noting that on April 25, the Wuxi Health Commission, led by the Wuxi Municipal Self-Regulation Bureau, the Housing and Urban-Rural Development Bureau, and the Provident Fund Management Center, issued a notice regarding the household registration of those who have given birth to two children or more. Households have launched incentive policies to increase provident fund loan limits and housing purchase quotas, becoming the country's first policy to loosen purchase restrictions in the property market led by the National Health Commission.

There is no restriction on the purchase of houses that have been completed for five years in Foshan

On April 27, Foshan Housing and Urban-Rural Development Bureau responded that it had indeed issued a relevant notice on "Optimizing the Existing Commodity Housing Policy" on the 26th. He also stated that the document is an "internal working document" and has been sent to the housing and urban-rural development and water conservancy bureaus of various districts and relevant municipal functional departments.

According to the "Notice of the Foshan Municipal Housing and Urban-Rural Development Bureau on Optimizing Existing Commercial Housing Policies", Foshan will no longer restrict the purchase of commercial housing whose last deed tax payment or real estate registration time is five years or more. Specific implementation Policies include: 1. When households apply for home purchase qualification verification online, the commercial housing will not be counted in the number of housing units owned by the household; 2. The commercial housing does not need to be transferred during online signing of sales contracts, gifts, judicial auctions and other transfer procedures. The implementation time for house purchase qualification verification will begin on the 26th, the date of the issuance of the document.

Foshan Municipal Housing and Urban-Rural Development Bureau responded on April 27 that the policy has indeed taken effect, but the relevant business system functions are still being debugged and will be officially announced after the debugging is completed.

Relevant sources from the Foshan Housing and Urban-Rural Development Bureau revealed that the purpose of the policy is mainly to support the demand for improved housing, activate the second-hand housing market, and build a healthy and reasonable commercial housing market system; with "five years" as the limit, avoid short-term speculation Behavior, and only adjusting some policies to reasonably guide expectations can avoid causing short-term market fluctuations.

Li Yujia, chief researcher of the Guangdong Provincial Housing Policy Research Center, believes that Foshan’s move can activate some improvement needs to a certain extent, including some families who have second or third children; the current housing units are poor, Families with insufficient supporting facilities that need to be improved; families who bought a house five years ago, the threshold and cost of entering the market are low, and do not have a mortgage or have paid it off; private enterprise owners or executives who have started to avoid risks and return to safe assets and buy houses.

Currently, Foshan real estate projects have put up the slogan "No purchase restrictions on housing for five years or more in Foshan" in promotional advertisements.

In fact, this is the second time this year that Foshan has loosened restrictions on home purchase qualifications.

On March 24, the Foshan Municipal Human Resources and Social Security Bureau expanded the scope of T-card applications to include full-time college graduates or part-time undergraduates, and T-card talents can enjoy the benefits of Foshan City House purchase policy for registered population.

Currently, Foshan’s purchase restriction areas include eight popular areas: Chancheng District, Nanhai Guicheng Street, Dali Town, Lishui Town, Shunde Beijiao, Chencun Town, Beijiao Town, and Lecong Town. . Within the purchase restriction area, Foshan household registration is limited to two houses.

However, in actual operation, it is not difficult to obtain the qualifications to purchase a house.

More than one intermediary told the Economic Observer that if the home buyer does not meet the academic requirements, they have channels to help apply for a T card, with a handling fee of 7,000-12,000 yuan.

Langfang purchase restrictions relaxed? Yes, as early as July last year

On April 27, the "Notice of the Langfang Municipal People's Government on the Announcement of the Results of Cleaning Up the Municipal Government's Normative Documents" was widely circulated. The content of the document stated that on April 20, 2022 The current and effective government normative documents formulated recently have been comprehensively cleaned up, and three municipal government normative documents have been abolished.

The three abolished documents include the "Implementation Opinions of the Langfang Municipal People's Government Office on Further Promoting the Stable and Healthy Development of the City's Real Estate Market" issued in 2017 (hereinafter referred to as "Document No. 61"). If this document The abolition means that the five-year-old real estate purchase restriction policy will be lifted.

According to Document No. 61, in Langfang City, based on districts and counties, non-local registered households with social security for three years can purchase one house, while local registered households are limited to two houses. After the promulgation of Document No. 61, the Beijing property market, which had been booming for many years, began to cool down, with transaction volume falling by 90% and house prices nearly halving.

According to the Economic Observer, in the Langfang and Beijing area, including Beisan County, as early as mid-2020, some new house purchase restriction policies have been substantially lifted, and certain conditions are met (requiring that the person and his family have no local residence). For housing, some projects require out-of-town home buyers who have one year of Beijing social security) to purchase a newly built house.

In July 2021, the second-hand housing purchase restriction policy in many districts and counties in Langfang has existed in name only. Home buyers with out-of-town residence registration can buy a house, including new houses, as long as they do not have a house in the district or county where they buy a house. Including second-hand houses, the down payment for the first home loan is 30%.

For two substantial relaxations, the official did not issue clear documents and convey relevant notices. When home buyers consulted with the official, the official never acknowledged any relaxation, but according to the Economic Observer, it was confirmed that there had been limited Buyers can purchase houses in relevant districts and counties of Langfang. This official document is equivalent to an official announcement of the purchase restriction policy that already had gaps in it.

Since 2022, with the widespread impact of the continued decline of the real estate market, many second- and third-tier cities across the country have relaxed administrative control policies such as purchase restrictions and sales restrictions. This is also the official official announcement of Langfang. Propaganda provides an opportunity.

Purchase restrictions have been relaxed in more than 10 cities and controls have been relaxed in more than 80 cities

According to the Economic Observer, since the beginning of this year, more than 10 cities have relaxed purchase restrictions, including Zhengzhou, Quzhou, Qinhuangdao, Shanghai Lin Hong Kong, Nanjing, Suzhou and other cities or regions have clearly issued documents or officially confirmed relevant policies to relax purchase restrictions.

The above-mentioned loosening of purchase restrictions is mainly aimed at specific groups of people, such as relatives who come to seek refuge and non-household registered families who have settled here. The loosening methods are mostly to reduce the social security payment period requirements for home buyers. In addition, both Qinhuangdao and Foshan have relaxed restrictions on existing housing.

In March, Zhengzhou issued a notice that those whose children and close relatives work and live in Zhengzhou are encouraged to come to Zhengzhou to live with relatives and provide for their elderly care, and are allowed to live with their families and buy a new house;

At the end of March, Fuzhou Real Estate Registration and Trading Center clarified that non-Wucheng District households (including Hong Kong, Macao and Taiwan) who purchase houses in Fuzhou Wucheng District do not need to settle down, and do not need to provide proof of medical and social security or tax payment for 12 months in the past 2 years or settle down, that is, You can purchase an ordinary residence of less than 144 square meters in Wucheng District, Fuzhou;

In April, Quzhou issued a document stating that households not registered in this city, individual industrial and commercial households, and enterprises invested or controlled by natural persons are regarded as the same as those in this city. Households with household registration shall implement relevant house purchase policies; on the same day as Quzhou issued the document, Qinhuangdao stated that buyers who purchased second-hand houses from April 2 only need to provide their valid identity documents when applying for home purchase qualification verification.

In addition, in mid-April, the Suzhou Real Estate Market and Transaction Management Center confirmed that starting from April 11, non-household registered resident families have applied to purchase the first real estate in Suzhou City, Kunshan City, and Taicang City. When buying a house, the social security period requirement is adjusted from the original three years of continuous payment of social security for 2 years to a total of 2 years of social security;

Nanjing Liuhe District Real Estate Trading Center stated that non-Nanjing households with registered residence can issue Liuhe with their certificates. Proof of house purchase in the district; in Shanghai Lingang, for talents working in key support units in 2022, "the threshold for obtaining house purchase qualifications will be reduced from having to work in the new area for more than one year to 3 or 6 months."

In addition, many cities are quietly relaxing purchase restrictions, including Ningbo, Nanchang, etc.

On April 25, the specific measures to relax purchase restrictions led by the Wuxi Health Commission are that families with two children or more registered residents in the city can purchase an additional commercial housing in the purchase restriction area. In addition, for families with two or more children registered in the city who are using provident fund loans to purchase their first self-occupied house for the first time, the loan limit may not be linked to the borrower’s provident fund deposit years and deposit balance; the maximum loan limit is within the specified loan limit On the basis, an additional RMB 100,000 or RMB 200,000 can be added.

According to incomplete statistics from the Zhuge Housing Data Research Center, as of April 18, more than 80 cities have joined the policy loosening camp, with about a hundred controls. The content of policy relaxation mainly starts from the demand side. Measures include relaxing the settlement policy, increasing the amount of provident fund loans, reducing the down payment ratio, lowering the mortgage interest rate, relaxing purchase restrictions and loan restrictions, and relaxing sales restrictions. In April, regulation became more intensive and urban expansion accelerated. High-energy cities such as Suzhou, Nanjing, and Shanghai joined the policy deregulation camp. The content of regulation deregulation included housing purchase subsidies for newly talented citizens and relaxed supervision of pre-sale funds.

Will the property market improve after the relaxation of purchase restrictions?

As a high-energy city that relaxed purchase restrictions earlier this year, Zhengzhou’s property market improved in March, stimulated by a number of property market policies.

On March 1, the General Office of the Zhengzhou Municipal People's Government issued the "Notice on Promoting a Virtuous Cycle and Healthy Development of the Real Estate Industry" (hereinafter referred to as the "Notice"), proposing to "stabilize land prices, stabilize housing prices, stabilize 19 measures are expected.

Among them, in terms of supporting reasonable housing needs, it is clarified that relatives come to Zhengzhou to live with relatives and provide for their elderly care, and they are allowed to buy a new house for their families. And to provide support in credit financing, the "Notice" stated that for families who own a house and have paid off the corresponding home purchase loan, if they apply for a loan again to purchase ordinary commercial housing to improve their living conditions, banking financial institutions will implement the first home loan policy.

Data shows that Zhengzhou’s rescue policy is working.

According to the monitoring data of Zhuge Housing Data Research Center, with the efforts of "Zheng 19 Articles", the scale of new house transactions in Zhengzhou rebounded in March, with 3,852 new house transactions, an increase of 47% month-on-month; second-hand houses 3,627 units were sold, a month-on-month increase of 56%. According to data from the National Bureau of Statistics, in March, the month-on-month decline in Zhengzhou's second-hand housing narrowed by 2 percentage points.

However, the property market has not recovered to the level of the same period last year in a short period of time. In March, the number of new home transactions in Zhengzhou fell by more than half simultaneously, while second-hand homes still fell by 12% compared with the same period last year.

A Foshan real estate agent who has been in the business for five years also believes that the relaxation of purchase restrictions is not a shot in the arm, but it will have some impact on some owners who did not have the qualifications to buy houses before and who have owned properties for more than five years. Li Yujia also believes that the effect of the policy remains to be seen. Foshan's new housing supply in recent years has been dominated by 3-4 bedroom units, with an average unit area of ??110-120 square meters. The demand for improved housing has been released for many years, but the demand of the middle class may be frustrated due to the intermittent epidemic and economic transformation. .

He said that releasing demand requires a more comprehensive and comprehensive policy. For example, increase financial subsidies and tax exemptions, thereby accelerating the circulation of existing housing and releasing improved demand. In addition, it can also speed up the renovation of old existing houses and make up for the shortcomings of supporting facilities.

Data from the Foshan Housing and Urban-Rural Development Bureau show that in March 2022, 6,591 units of new commercial housing were sold in Foshan City, and 3,459 units of existing commercial housing were sold, a year-on-year decrease of 46% and 39% respectively.

The repeated epidemics have also affected the performance of the property market. Looking at the property market in Langfang and Yanjiao, which is close to Beijing, in addition to relaxing the purchase restriction policy, the Beijing Subway No. 22 passing through Yanjiao has also started construction. In early April, Yanjiao and other areas also had Mortgage interest rates were further reduced. However, coupled with the reality of epidemic control and long queues for inspections in Beijing, the above-mentioned favorable policies have not been fed back to the property market level.