On March 1, the Beijing Municipal Commission of Housing and Urban-Rural Development issued the Notice on Optimizing and Adjusting the City's Housing Purchase Restriction Policy, which clarified that from March 3, 2021, residents who already own housing that have reached the purchase limit will be allowed to purchase a new house outside the Fifth Ring Road.
This policy adjustment is based on the special situation of Beijing's real estate market, to meet the needs of residents for improved housing, and also to conform to Beijing's new urban development pattern.
So why does Beijing's housing policy need to be adjusted?
What are the principles for the adjustment of housing policy?
1. Dynamic adjustment of housing policy.
Housing is an important part of people's lives, and for a city, the prosperity of the housing market is also one of the important factors affecting urban development.
In the mainland, the development of the housing market is affected by many factors, including the level of regional economic development, population mobility, land resource supply, and so on.
Therefore, the formulation of housing policy is also a process of dynamic adjustment, which needs to be combined with factors such as economic development and population flow to maintain the flexibility and adaptability of the policy.
In mainland China, housing policies are generally formulated by the state, and local governments carry out specific implementation work, but the specific policy content is formulated by local governments according to their own market conditions.
Adjustments to the housing policy require the approval of the state before they can be implemented.
Housing policy adjustments are usually made in the following situations:
First, when there are major changes in the market, resulting in the policy has been unable to meet the market demand, the policy needs to be adjusted to adapt to the changes in the market.
Second, when some new problems arise in the market, and the existing policies cannot solve these problems well, the policies need to be adjusted to solve the existing problems.
Third, when there are some new situations in the market, resulting in some loopholes in the original policy, it is necessary to improve the policy to reduce the loopholes in the policy.
2. Adjustment of housing policy.
The adjustment of housing policy needs to be integrated with the development strategy and functional orientation of the city to ensure the effectiveness and sustainability of the policy.
Since 2011, Beijing has imposed strict housing purchase restrictions aimed at curbing speculation and guiding housing demand.
The adjustment of the housing policy is based on the special situation of the Beijing market and is to meet the needs of residents for improved housing.
Before 2011, Beijing's housing policy was "limited housing, giving priority to residence permit holders", but after 2011, Beijing began to implement a housing purchase restriction policy, which imposed strict restrictions on the identity of buyers and the number of houses purchased.
The identity of the buyers is divided into two categories: "resident households" and "non-resident households", where "resident households" refer to families with permanent residence in Beijing, while "non-resident households" refer to families without permanent residence in Beijing.
For "resident families", the current restrictions on the number of houses purchased are: for resident families with houses, they can only buy houses again after 5 years from the date of applying for the real estate certificate, but they must apply for the original real estate certificate under the premise that the original real estate certificate has been issued;
For households without housing, they can only buy a house again after 3 years from the date of application for the property ownership certificate, but the application must be made on the premise that the original property ownership certificate has been issued.
For "non-resident families", they need to pay social security or individual income tax in Beijing for 5 consecutive years before they can buy a house, and they must apply on the premise that the original real estate certificate has been issued.
For example, some outsiders may choose to return to their hometown after a period of time after working and buying a house in Beijing, so in this case, they need to follow the "non-resident family" restriction when buying a house again.
This is the first time that Beijing has implemented a housing purchase restriction policy for 13 years since 2011.
The reason for the implementation of the housing purchase restriction policy in 2011 was that there was a phenomenon of speculation in Beijing's real estate market at that time, and a large number of artificial price increases, making it increasingly difficult for buyers to buy the houses they need.
Therefore, Beijing has chosen to introduce a housing purchase restriction policy to curb speculation and guide housing demand.
The implementation of the housing purchase restriction policy is also to ensure the housing needs of low-income groups, so that more "just-needed" buyers can buy the houses they need.
3. Principles for the adjustment of housing policies.
However, since 2011, Beijing's population inflow has been increasing, and the housing purchase restriction policy has imposed strict restrictions on the purchase of housing by outsiders, which has led to the demand for housing from non-residents not being well met in the Beijing market.
Therefore, the adjustment of Beijing's housing policy is to solve this problem by allowing households that already own a house to meet the purchase limit to buy a new house outside the Fifth Ring Road.
The adjustment of housing policy needs to pay attention to the following principles:
First, when adjusting the policy, it needs to be carried out according to the actual situation of the market, and cannot be easily adjusted, so as not to cause some speculation;
Second, while promoting the development of the housing market, it is also necessary to pay attention to the stability of the real estate market and avoid market bubbles and risks;
Third, when adjusting the policy, it is necessary to restrict the identity, number and qualification of buyers to avoid speculation;
Fourth, the construction of affordable housing and the transformation of urban villages are also important measures, which can alleviate market pressure and meet the housing needs of low-income groups;
Fifth, focusing on improving the quality of housing supply is the key, promoting the construction of high-quality housing and improving the quality of regional living, which will help enhance the city's image and attract talents.
The adjustment of Beijing's housing policy is to better meet the housing needs of residents, but it is also necessary to pay attention to the implementation of the policy when implementing it to avoid the phenomenon of speculation and speculation.
At the same time, it is also necessary to pay attention to the stability of the real estate market to avoid market bubbles and risks.