Towards the end of the year, various regulatory policies for the property market are emerging one after another, among which three policies have attracted great attention from all walks of life: first, first, Beijing, Shanghai and other first-tier cities announced the reduction of down payment ratios, mortgage interest rates, and ordinary residential identification standards. In this regard, some industry insiders said that this policy in first-tier cities not only reduces the threshold and cost of home buyers, but also reduces the pressure of purchasing real estate taxes and fees, which is to encourage everyone to actively buy houses and stimulate the recovery of property market transactions.
Second, after Suzhou fired the "first shot" of restricting the price reduction of real estate companies, Nanjing and Shenzhen also recently announced the release of price limits for developers, allowing developers to decide how much to reduce prices according to their own circumstances. In this way, developers can withdraw funds in a timely manner through substantial price reductions and promotions, so as to avoid a large number of real estate companies from going bankrupt due to the rupture of the capital chain, and reduce the occurrence of debt crises and unfinished buildings.
Third, a new round of housing reform will be launched next year, and unlike the first housing reform in 1998, although the housing reform in 98 years promoted the real estate market, it ignored the low-income group. The new round of housing reform is planned to provide 6 million units of affordable housing in the next five years to meet the housing needs of low- and middle-income families in the city. At that time, the price of affordable housing will be lower than the price of commercial housing, so that the cost of buying a house for low-income families will drop significantly.
As a matter of fact, the decision-making level on the mainland is now making the next big move, and many people do not see it. This time, Beijing, Shanghai and other first-tier cities have reduced the down payment ratio, mortgage interest rate, and ordinary residential recognition standards to encourage everyone to buy a house, which can stabilize the high housing prices in first-tier cities and avoid large fluctuations in the short term, which will lead to systemic financial risks.
In addition, some places have successively lifted the restrictions on developers to cut prices sharply, in order to allow developers to withdraw funds as soon as possible and reduce the occurrence of liquidity crises. Of course, after the launch of the new round of housing reform, the housing problem of low-income groups in the city will be solved by the affordable housing provided by the government, so that low-income groups do not have to worry about the high price of commercial housing and cannot afford to buy a house.
The purpose behind these three policies is to stabilize the commercial housing market and avoid a liquidity crisis for developers by stimulating residents' demand for housing. While resolving the property market crisis, the government has also provided a large number of affordable housing for low-income people to reduce their home purchase costs. The ultimate result is to avoid large fluctuations in the property market in the short term. At the same time, in the case of providing affordable housing to low-income groups, the price of commercial housing will gradually achieve a "soft landing" through the way of exchanging time for space.
In the face of the current trend of the domestic real estate market, some industry insiders have proposed that ordinary people should make two preparations in advance: one is that if you are a family that just needs or improves the purchase of a house, you can take advantage of the developer's sharp price reduction and promotion to pick up leaks in the property market, and maybe there can be unexpected surprises. The other is that if you are a low-income family, you can not buy commercial housing first, you can wait a little longer, and a large number of affordable housing will be launched in various places next year to meet the needs of low-income families. In the future, low-income families can solve their housing needs by purchasing affordable housing, and the cost of buying a house will be greatly reduced.