The property market is big news again!
After "lowering the mortgage interest rate", "recognising the house but not the loan", "partially canceling the purchase restriction", etc., the city finally let go of all the "reserve" and announced the complete cancellation of the property market purchase restrictions.
On November 15, Xiamen issued the Notice on Further Optimizing Policies Related to the Real Estate Market.
The notice clarifies the adjustment of the property market control measures in Siming District and Huli District:
In Siming District and Huli District, the qualifications of buyers will no longer be reviewed (unless otherwise agreed in the land transfer contract for commercial housing projects), and the down payment ratio and the lower limit of interest rates for the first house in these two districts will also be adjusted to optimize the determination of the number of family housing units.
As early as September this year, Xiamen has canceled the purchase restrictions in the four districts outside the island (Jimei District, Haicang District, Tong'an District, and Xiang'an District). Now the purchase restrictions in the two districts of the island have also been lifted, which means that Xiamen has completely canceled the housing purchase restrictions.
As an observer and researcher of the long-term real estate market, I will not be surprised to see that Xiamen has completely lifted purchase restrictions. This is basically the only way for most cities to regulate the property market policy, and it cannot be released all at once, but the sluggish market makes the previous measures not have much value for existence, so it can only be slowly released.
In the previous article "The Situation of the Property Market", the relevant data of the operation of the domestic property market in the first three quarters of this year were listed, including the amount of real estate development investment, the construction area and new construction area of commercial housing, the sales area and sales of commercial housing, etc., these data are basically down across the board, and some data indicators have fallen to a large extent.
The downward trend of the market is already very obvious, and it is impossible to turn a blind eye to it, so since the end of last year, the support policies for the property market have been continuously introduced. But even after many support measures were put in place, the market quickly fell back into a downturn after an impulsive rally. This is obviously not ideal, and it may be necessary to continue to introduce some support measures to help the property market stabilize. In addition to providing support in terms of credit, it is also urgent to adjust the previous property market measures.
In fact, with the decline of the market, the value of the original regulatory measures is not large, and not many people are willing to buy houses, so "purchase restrictions" and "price limits" naturally lack practical significance. Therefore, since the beginning of this year, one of the key points of the property market support policies introduced by major cities is the adjustment of the previous regulatory policies.
Xiamen as a city with a separate plan, its comprehensive cancellation of the property market "purchase restrictions" for other large cities must have a reference role, or that point of view, the current stage of the situation is that as long as there are cities to take the lead, there is a high probability that there will be cities to follow up, after all, everyone's situation is not far behind, are not very good.
In previous years, domestic housing prices were rising more and more regulated, and now it seems to have a similar taste, but the direction is reversed. However, I still hope that the property market can jump out of this strange circle, after all, the risk of the property market continuing to decline, which has precipitated most of the wealth of the Chinese people, may be greater than we imagined.