China's current property market regulation and control policy presents a very contradictory state, on the one hand, the introduction of a variety of property market regulation and control policies, increase the regulation of real estate to cool down the property market, and on the other hand, it has introduced a restriction order to prevent house prices from shrinking significantly in a short period of time.
Since the beginning of this year, local governments at all levels have begun to frequently introduce various measures to curb the rise in housing prices and crack down on speculation. For example, Beijing cracked down on the adoption of "fake divorce" to buy houses, and strived to regulate the sale of new houses as much as possible; Shanghai is constantly reducing the scale of housing loans and adopting the "three prices are low" loan amount approval method. Data show that as of August this year, the total number of various policies to regulate the property market at all levels at all levels exceeded 400, and the intensity of instructions and policies refreshed China's historical record.
And what makes people wonder is that some cities in China are also introducing a limit order to reduce mortgage interest rates, aimed at preventing house prices from falling, the first financial data show that as of November 15, 21 cities across the country have implemented the "house price limit order" through various means and channels, some cities directly take administrative orders to prohibit housing enterprises from reducing prices, while some cities increase the sales costs of housing enterprises in disguise by not giving housing enterprises online signatures, thereby slowing down the trend of house prices.
The reason why China frequently regulates the property market is actually because in our country the house is not simply used for living, it involves a wide range of aspects, whether it is a surge in house prices or a sharp fall, it can have a significant impact on China's economy. The house can no longer be simply regarded as a commodity, real estate is related to the national economy and people's livelihood, so the state must carry out a large and continuous regulation of this.
Talking about this, we can not fail to mention Japan, in the 90s of the last century, Japan's real estate bubble is also too large, it is said that the houses in the United States at that time can be added together to be equivalent to the market value of a district in Tokyo, Japan, it is conceivable that the real estate bubble was how big it was at that time, based on this, the Japanese government began to strictly regulate real estate, increased real estate interest rates, cracked down on speculators, controlled the scale of housing loans and other measures together, the result was a rapid decline in Japanese house prices by 70%, and the real estate bubble soon burst.
It seems that Japan is not very worried about the consequences of the sharp decline in house prices, on the contrary, in our country, after the fall in house prices, the introduction of a limit order, house prices rose sharply on the introduction of relevant policies to curb the rise in house prices, the severity of real estate regulation and control measures is far less than Japan, China has its own judgment on the house price range, can not be too high nor too low, is very cautious, why Japan and Our practices are different?
Real estate is too hot will lead to people putting all their money on real estate, which will naturally affect the development of other industries and the accumulation of resources. Its inhibition of economic development is obvious. Therefore, Japan must suppress house prices, but because there were too many people speculating in Japan at that time, there were too many people speculating in houses, there was no money to borrow money to speculate, so it was impossible for the Japanese government to keep house prices for a long time, since it could not be saved, instead of waiting for the real estate bubble to become bigger and bigger, the consequences of self-bursting were becoming more and more serious, it was better to take the initiative to break it now.
However, it is worth mentioning that the consequences of the Japanese real estate bubble being actively punctured by the Japanese government are very serious, Japan's GDP has stagnated for 30 consecutive years, and the public is also talking about the discoloration of the house.
Although the impact has now been reduced a lot, but the impact is still there, some experts pointed out that because the real estate bubble bursting on the impact of enterprises, banks and consumers is very large, so the Japanese economy will still have a problem of insufficient domestic demand until now.
Real estate as China's pillar industry, and the impact of the national economy is more close, so it can not be operated like Japan, the best way is still to let the house price achieve a soft landing, which is the most correct means for China's national conditions.