The first city in China to relax the "two restrictions" at the same time was born. In 2022, more than 60 cities have loosened the regulation of the property market.

Quzhou Municipal People's Government reported on April 1 day that the Office of the Coordination Group for Sustainable and Healthy Development of Quzhou Real Estate Market issued the Notice on Promoting the Healthy Development of Urban Real Estate Industry (hereinafter referred to as the Notice), canceling the purchase restriction and loosening the sales restriction policy.

This is the first city in China where the policy of restricting purchases and sales is optimized at the same time, which has a strong signal significance.

On the same day, Qinhuangdao also issued a policy to lift the purchase restriction. Since April 2nd, the buyers who purchase the stock houses (second-hand houses) will only provide their valid identity documents when applying for qualification verification.

Since March, six cities, including Zhengzhou, Harbin, Qingdao, Fuzhou, Quzhou and Qinhuangdao, have loosened or cancelled the policy of restricting purchases and sales, which fully shows that the deregulation has entered a new stage, that is, from the previous practice of reducing down payment to the loosening of the "five-limit" policy.

Why Quzhou?

The "Notice" pointed out that it supports reasonable housing demand. Enterprises invested or controlled by non-registered families, individual industrial and commercial households and natural persons in this city shall be regarded as the registered families in this city to implement relevant purchase policies.

In terms of optimizing the regional sales restriction policy, the notice stated that after the issuance of this notice, the new commercial housing in the newly sold plots in urban areas and the new commercial housing of 144 square meters or above in the sold plots will not be restricted, unless there is a special agreement in the land transfer announcement.

Liu, head of investment in Jinliqu Film Industry of COFCO Real Estate, told the reporter of National Business Daily that the policy was unsealed last August. From July to August, 2002/KLOC-0, in less than a month, Quzhou increased its control policy twice, aiming at curbing speculative real estate speculation.

Liu told reporters that the Quzhou market is characterized by weak local residents' investment, mainly based on just-needed customers. It can be said that this is a city dominated by investors and just-needed customers.

When the property market in Quzhou was the craziest, a civil servant family (both husband and wife were civil servants) even sold the house, split it into three down payments, and used the provident fund to repay the monthly payment.

A local agent in Quzhou told the reporter that after the policy came out, there was a project in Wanda section of Zhangzhou Chengnan Railway Station, which had a low total price, with an average price of10.5 million yuan/square meter, and the supporting facilities and school districts were relatively mature. However, after the project entered the market, the sales volume could not be improved, which was caused by the withdrawal of investors and has not been sold yet.

"At that time, 500 sets were pushed at the opening, and 100 sets were changed in half a month."

A person in charge of the top 20 real estate enterprises in Zhangzhou told reporters that this project is the first strategic entrance of the two companies. At the beginning, it was a land with zero profit. I originally wanted to take cash flow. Unexpectedly, as soon as the policy came out, the project stopped moving.

Many insiders pointed out to reporters that after August last year, the whole Zhangzhou began to turn cold.

According to the relevant data of the Central Reference Institute, in March of 20021year, the Quzhou market reached its peak, and new houses 13 13 sets were signed online in a single month, ranking first in the annual sales volume; In April, the market continued to be hot, and the new house network signed 1 175 sets, ranking second in monthly sales; Then the market began to fall, and the transaction of new houses also went down. In August, there were only 402 sets of new house online signing data, which was the lowest month in a year; 65438+February, the market rebounded slowly, with 746 sets of online signing transactions.

This situation did not improve in the first quarter of 2022. According to the data of the middle finger, the transaction area of commercial housing in Quzhou decreased by over 70% year-on-year. In March, only 300 sets of new houses in Quzhou were sold, while in normal years, 1000- 1800 sets were sold in a month, and the annual turnover was about 165438+ 10,000 square meters.

Liu told reporters that at present, the Quzhou market is going downhill, and the pace of developers taking certificates and pushing plates is slowing down, and the market performance is even colder.

"Policy stimulus is not in place"

However, in the eyes of people who know the Quzhou market, this policy has not been stimulated.

A local intermediary in Quzhou told reporters that the stimulus policy was not in place. The fastest way to release demand in third-and fourth-tier cities is demolition, and at the same time, demolition and reform are combined, especially in Quzhou, a city with single investment. After investors leave, house prices will be suppressed, the purchasing power of some people will be weakened, and the market generally has a strong wait-and-see mood.

In its view, the house purchase restriction under 1.44 square meters has not been lifted this time, which is equivalent to limiting the sales of customers who have just changed in the past, and the actual improvement demand cannot be released.

The previous policy suppressed investors. After the relaxation of this policy, the market is still not saturated enough, and several plates in Quzhou are price-limited, which basically curbed the room for rising house prices. So now the market can only rely on new improvements to buy.

Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that the strength of Quzhou's relaxation is largely related to the Quzhou market and policies.

From the market point of view, the real estate market in cities around Jiangsu and Zhejiang is really bad this year, which is very different from last year.

From the policy point of view, in recent years, Quzhou's policies have been tightened frequently, even taking the initiative to regulate them more than Jinhua.

Jinhua was interviewed before, and the policy was relatively mild. However, Hua Kai, Jiangshan and other cities under the jurisdiction of Quzhou have tightened their policies, which is enough to show the severity of the policies. So now we have relaxed some policies that conflict with market performance, which is very similar to Harbin's previous practice.

Jaco, dean of the branch of 58 Anjuke Real Estate Research Institute, told the reporter that Quzhou has strengthened the pre-sale management, strengthened the normative order of the real estate market and enhanced the control of online public opinion while relaxing the regulatory policies, with the aim of improving the heat of the real estate market while maintaining the healthy and stable development of the market.

Jaco said that from the current regulation of third-and fourth-tier cities, canceling the purchase restriction is the mainstream direction. Moreover, since the investment demand in such cities has almost disappeared, the task of restricting the purchase itself to combat speculative demand has basically come to an end. Even if the purchase restriction is cancelled, the actual increase in the number of buyers is almost owner-occupied. The actual impact of lifting the restrictions on sales on the market is relatively limited, but it can boost market confidence.

Meng Xinxin, an analyst of the Index Division of the Central Reference Institute, also pointed out that in the face of the market that is still in deep adjustment, canceling the purchase restriction is conducive to promoting the release of the demand for just-needed and improved home ownership, restoring market confidence and accelerating the pace of market recovery.

More than 60 cities have been loosened.

Chen Wenjing, director of market research in the Index Division of the Central Academy of Sciences, pointed out that since 2022, the central government has repeatedly emphasized supporting the release of reasonable housing demand, and local governments have intensified their efforts to optimize and adjust policies at both ends of supply and demand due to urban policies.

According to incomplete statistics, more than 60 cities issued real estate-related policies more than 100 times in the first quarter, mainly involving relaxing the purchase restriction policy, reducing the down payment ratio, granting housing subsidies, lowering the mortgage interest rate, canceling the sales restriction, and providing financial support for housing enterprises.

At present, under the background of increasing external instability and uncertainties and repeated domestic epidemics, the downward pressure on China's economy is still relatively large, and "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 Dalian, Quzhou and Qinhuangdao, where market confidence has not been significantly restored and short-term adjustment pressure is high, increasing the relaxation of demand-side policies is conducive to promoting the release of reasonable housing demand and stabilizing market expectations, and has a positive effect on improving buyers' housing expectations and stabilizing and rebounding the market. It is expected that more cities will follow suit in the future.

Since the second half of last year, the property market is expected to be weak as a whole, and the superimposed epidemic has repeatedly led to a continuous downturn in the first quarter. However, the subsequent backlog of demand is expected to be gradually released after the policy is relaxed, which can stabilize the market in April.