Fully liberalize the purchase restrictions on the property market
It has become the hottest topic at present
Relevant monitoring data shows:
current
There are only Hainan, Beijing, Guangzhou, Shenzhen, and Tianjin left in the country
and 7 places including Hengqin District, Zhuhai
Housing purchase restrictions to varying degrees are still being implemented
You can settle down when you buy a house
Hangzhou's new policy has attracted market attention
On May 9, Hangzhou's new policy of completely canceling housing purchase restrictions attracted great attention from the market. The "Notice on Optimizing and Adjusting the Real Estate Market Regulation and Control Policy" issued by the Office of the Leading Group for the Stable and Healthy Development of the Real Estate Market in Hangzhou proposes to completely cancel the housing purchase restrictions. From the date of issuance of the "Notice", the purchase of housing within the scope of Hangzhou will no longer be subject to the examination of housing qualifications.
👉 In terms of settlement policy, the "Notice" proposes that non-registered persons who have obtained legal property rights in Hangzhou can apply for settlement.
👉 In terms of credit support, the "Notice" states that if the buyer does not have a house within the urban area of the purchased housing, or has only one house within the urban area of the purchased housing and is being put up for sale, it can be recognized as the first house when applying for a mortgage loan for the new housing.
👉 In terms of notary lottery sales measures, the "Notice" proposes to optimize the notary lottery sales measures. For newly built commercial housing projects where the number of registered families with the intention to purchase houses is less than or equal to the number of houses allowed for sale, the notarization lottery sales requirement will be cancelled, and the development enterprises will sell them independently.
The executive vice president of the East China Region of the China Index Research Institute told reporters that Hangzhou's comprehensive liberalization of purchase restrictions, coupled with other supporting policies, will be conducive to the active release of effective demand. On the one hand, you can settle down by buying a house and absorb more new demand in the province or abroad; On the other hand, the demand for local improvement may be accelerated. If there is no house or a second-hand house listed in the purchase area, it can be identified as the first house, which undoubtedly reduces the cost of improving the purchase cost of the customer group, promotes the release of demand, and the chain of selling the old and buying the new will be greatly smooth.
Xi'an's new policy is not lacking in innovation
It has a certain reference significance
On May 9, Xi'an also issued the "Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market", which completely canceled the housing purchase restrictions in Xi'an, and residents will no longer review the qualifications for purchasing new commercial housing and second-hand housing in the city. In addition, when selling commercial housing projects, if the ratio of the number of registered households to the number of housing listings is less than 1.5:1, the notary lottery will no longer be implemented. Housing with a construction area of more than 144 square meters will no longer be given priority to "rigid needs" when selecting houses by lottery.
What has attracted more attention from the market is
Xi'an's new policy has been very supportive of developers
It has aroused heated discussions in the industry
The Notice mainly mentions four aspects:
First, the self-owned rental housing of the enterprise agreed in the original land transfer contract shall be applied for by the enterprise, and after being reviewed by the housing and construction and resource planning departments and accounting for the relevant fees, it can be converted into commercial housing for listing and trading.
The second is to scientifically calculate the relevant expenses of the enterprise, and the amount of underground parking spaces and civil air defense projects that are not counted is not calculated when the land transfer fee is apportioned.
The third is to allow enterprises, public institutions, and social entities to purchase second-hand housing and the remaining newly built commercial housing after the registration and selection of housing by residents. Encourage qualified enterprises, public institutions, and social entities to lease or purchase relatively concentrated second-hand housing, and use it for staff dormitories, home-based hotels, homestays, and other operations after micro-transformation, so as to revitalize idle housing resources and create a diversified housing market.
The fourth is to establish and improve the coordination mechanism for real estate financing in Xi'an, promote the normalization of the "white list system", meet the reasonable financing needs of real estate enterprises of different ownership without discrimination, and promote a virtuous cycle of finance and real estate.
Shi Rui, general manager of Xi'an Company of the China Index Research Institute, told reporters that after the full cancellation of purchase restrictions, it will be beneficial to second-hand housing replacement transactions, and the transaction volume is bound to continue to rise this year. This move is also to fully open up the channel for foreign buyers to buy houses, attract the surrounding areas and even the five northwest provinces to buy houses, and inject new impetus into the market. She judged that after the full lifting of purchase restrictions, the base of buyers has been broadened, and the choice of buyers has become wider at the same time, and the transaction volume of new homes in May and the entire second quarter will improve.
In the view of Yan Yuejin, research director of the E-House Research Institute, Xi'an's policy is not lacking in innovation, such as self-owned properties can also be sold, enterprises are encouraged to acquire second-hand houses and carry out micro-transformation, and rental housing can be converted into commercial housing, etc., which are not mentioned in other cities, which are the first in Xi'an and have certain reference significance.
There are only 7 places in the country that still have purchase restriction policies
The relaxation of purchase restrictions will be the general trend
According to the monitoring data of the China Index Research Institute, up to now, a total of 24 cities across the country have completely canceled purchase restrictions, 35 cities have relaxed purchase restrictions, in addition, more than 160 cities have introduced policies including relaxing provident fund loan policies, housing purchase subsidies, canceling the lower limit of the first home commercial loan interest rate, and "white list" project financing support. At present, only 7 places in the country, including Hainan, Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Hengqin District of Zhuhai, still have limited purchase policies.
The complete relaxation of purchase restrictions has become the mainstream choice in many places. So, as a landmark policy of real estate regulation in mainland China, is the property market purchase restriction policy, which has been implemented for more than 10 years, completely withdrawn from the market?
Analysts at Guojin Securities told reporters that the current general trend is to gradually fade out of some of the overly restrictive measures in the overheating stage of real estate. However, as far as each city is concerned, it will still adhere to the principle of "one city, one policy", which can also be seen from the adjustment of various cities in recent times. "The actual situation of each city is different, including the operation of the real estate market, as well as the resource endowment, urban positioning and function of each city, etc., so the city's policies are more pragmatic. For example, Beijing's policy adjustment before May Day has been refined to one district and one policy. ”
Gao Yuansheng expects that at present, there are still some cities with purchase restrictions that will continue to optimize the purchase restriction policy in the future, especially in second-tier cities, the pace of adjustment of the purchase restriction policy may be accelerated, and at the same time, policies such as reducing the proportion of down payments, reducing mortgage interest rates, and reducing transaction taxes and fees in core cities are also expected to be adjusted.
Industry insiders believe that the relaxation of purchase restrictions is the trend of the times, and the relationship between supply and demand in the mainland real estate market has undergone major changes. At present, there are still a small number of cities that are partially implementing the purchase restriction policy, which is due to the serious differentiation of the mainland real estate market, and the urgent need for city-specific policies and one city-one policy. Cities with oversupply in the market and insufficient capacity can choose to completely cancel purchase restrictions, but dynamic adjustment will be a trend in key cities due to the involvement of settlement policies.
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📍 Beijing: Non-Beijing families are limited to 1 suite within the 5th Ring Road
After the "double limit" in Tongzhou was relaxed and one more house purchase was allowed outside the Fifth Ring Road, Beijing still implemented a relatively strict house purchase restriction policy. Within the 5th Ring Road, married families in Beijing can buy up to 2 sets, and non-Beijing families can buy up to 1 set. Outside the Fifth Ring Road, a Beijing married family can buy up to 3 sets, and a non-Beijing family can buy up to 2 sets. In terms of qualifications, non-Beijing families need to pay social insurance or individual income tax in Beijing for more than 5 consecutive years (inclusive) to buy a house.
📍 Shanghai: There are still restrictions on the area, the number of units to buy and the number of years of social security
On January 30, Shanghai lifted the 10-year single purchase restriction policy, and non-Shanghai residents who have paid social insurance or individual income tax for 5 consecutive years or more in Shanghai can purchase 1 house (including newly built commercial housing and second-hand housing) in areas outside the outer ring (except Chongming District). Shanghai Qingpu New Town and Fengxian New Town have reduced the requirements for social security and individual income tax from the past 5 years to 3 years. In addition, Shanghai still maintains a strict housing purchase policy, non-Shanghai household registration has a 5-year social security or individual income tax limit, in terms of the number of housing units, Shanghai household registration marriage families, Shanghai household registration single people, non-Shanghai household registration marriage families, non-Shanghai household registration single people have different restrictions on the number of house purchase units.
📍 Shenzhen: In some regions, the social security period still requires 3 years
After the implementation of the zoning optimization purchase restriction policy on May 6, non-Shenzhen household registration households and adult single persons (including divorced) are limited to purchasing one house. For the purchase of housing in Yantian District, Bao'an District (excluding Xin'an Street and Xixiang Street), Longgang District, Longhua District, Pingshan District, Guangming District and Dapeng New District, the payment period of individual income tax and social insurance has been adjusted from 3 years to 1 year; For the purchase of housing within other scopes, the requirement for the payment period of individual income tax and social insurance is still 3 years.
📍 Guangzhou: Purchases are still restricted in some areas
In January, Guangzhou introduced a new policy, and the purchasing power of units of more than 120 square meters in the purchase restriction area was fully released. At present, Guangzhou's purchase restriction areas are Yuexiu, Haizhu, Liwan, Tianhe, Baiyun (excluding Jianggao Town, Taihe Town, Renhe Town, Zhongluotan Town), Nansha, and households with household registration in the city are limited to 2 houses; Households that are not registered residents of the city can provide proof of continuous payment of individual income tax or social insurance in the city for 2 years before the date of purchase, and are limited to purchasing 1 house.
📍 Tianjin: The six districts in the city are still limited to purchases
After the purchase restrictions were lifted in areas other than the six districts in Tianjin, the purchase threshold for people in Beijing and Hebei was relaxed, and the purchase restrictions on newly built commercial housing of more than 120 square meters in the six districts of the city were lifted, the six districts in Tianjin still maintained the purchase restriction policy.
📍 Zhuhai: Restricted purchase in Hengqin only
In addition to Hengqin, other areas in Zhuhai have withdrawn from the purchase restriction policy. In the Hengqin area, there is a limit of 2 properties for non-resident households (including Hong Kong, Macao and Taiwan residents).
📍 Hainan Province: Implement the "global purchase restriction" but some relaxation
On April 22, 2018, Hainan implemented a "global purchase restriction": the housing built in the four central ecological core areas of Wuzhishan, Baoting, Qiongzhong and Baisha can only be sold to households in the city and county. In Haikou, Sanya and Qionghai areas where purchase restrictions have been implemented, non-resident households with household registration in Hainan Province who purchase housing must provide proof of individual income tax or social insurance payment of at least one family member in Hainan Province for a cumulative period of 60 months or more. Outside the above-mentioned areas, households that are not registered residents of Hainan Province to purchase housing must provide proof of individual income tax or social insurance payment by at least one family member in Hainan Province for a cumulative period of 24 months or more. Since the beginning of this year, many cities in Hainan have loosened the restrictions on the property market on a small scale, such as non-Hainan residents buying houses in Haikou's non-main urban area, and the social security or individual income tax period has been changed from 5 years to 2 years.
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Produced by the New Media Editorial Department of China Consumer Daily
Source/China Consumer Daily, China Consumer Network
Reporter/Sun Wei
Editor/Li Xiaoyu
Producer/He Yongpeng, Ren Zhenyu