Another second-tier city relaxes the purchase restriction! What is the impact of Fuzhou's "loosening" on the property market?

Recently, the news of "Fuzhou's purchase restriction is relaxed" on the Internet has attracted attention. On the morning of March 30, the Beijing News reporter verified with Fuzhou Real Estate Registration and Trading Center that the relevant staff said, "The news is true, you can pay attention to the recent official news and may release the news publicly." It is reported that the relaxation of Fuzhou's policy is mainly reflected in the reduction of the corresponding purchase threshold and the increase in the number of available sets.

From this point of view, Fuzhou has become another second-tier city with loose policies after Zhengzhou and Harbin. Compared with Zhengzhou's previous policy of "the old people come to Zhengzhou to support the elderly and are allowed to buy new houses", the adjustment of Fuzhou's purchase restriction policy is even stronger.

Insiders pointed out that in 2022, the real estate policy showed obvious signs of overall easing, which was a positive signal to the market; Whether the "Xiaoyangchun" market in the property market can appear depends on the development of the market and the implementation of the credit policy.

Fuzhou has become another second-tier city with loose policies after Zhengzhou and Harbin. Pictures of Beijing news materials

Loose: Foreign household registration can buy a house in the five districts of Fuzhou.

It is understood that Fuzhou's previous purchase restriction policy was implemented in 20 17 years. On April 20 17, the relevant departments in Fuzhou issued a clear message. Non-five-city registered families (including Hong Kong, Macao and Taiwan) need to provide medical social security or tax payment certificates for the last two years 12 months or settle down when buying houses in the five-city area of Fuzhou, and they can buy a set of ordinary houses below 144 square meters in the five-city area of Fuzhou, and families with five-city registered families can buy two sets of commercial houses. After the purchase, if the registration time is less than two years from the date of listing, it shall not be listed and traded.

On March 30th, the Beijing News reporter learned from Fuzhou Real Estate Trading Center that the above policies in Fuzhou have been liberalized to some extent. The relevant staff of Fuzhou Real Estate Trading Center confirmed to the reporter that on March 18, the center received the relevant notice from Fuzhou Housing Authority. At present, non-five-city household registration families (including Hong Kong, Macao and Taiwan) can buy a set of ordinary houses below 144 square meters in five cities of Fuzhou without providing medical social security or tax payment certificates for nearly two years 12 months or settling down, but after purchase,

In addition, the relevant staff of Fuzhou Real Estate Trading Center also confirmed to reporters that Changle household registration also belongs to Fuzhou local household registration, and buyers with Changle household registration can also buy two houses in the five districts of Fuzhou. At present, the relevant departments of Fuzhou have not announced the details of the policy.

From the current point of view, Fuzhou has liberalized the purchase policy of non-five-city household registration in Fuzhou (including Hong Kong, Macao and Taiwan), which means that its purchase restriction policy that has been implemented for many years is coming to an end.

Impact: Promote reasonable demand and improve the release of housing demand.

It is worth noting that what impact will Fuzhou have on the real estate market if it cancels the non-five-city household registration purchase restriction order?

"Fuzhou's policy relaxation will be reflected in both locals and foreigners, mainly reflected in the reduction of the threshold for buying houses and the increase in the number of units that can be purchased." Yan Yuejin, research director of a think tank center of a residential research institute, explained that Fuzhou has relaxed the purchase restriction policy for foreign residents, that is, they can subscribe for an ordinary house without social security; For Changle population in some areas of Fuzhou, you can buy two houses in Fuzhou.

Yan Yuejin said that similar regulations have relaxed the purchase restriction for both foreigners and locals, which is a very positive signal, fully demonstrating that the relaxation of the purchase restriction policy is becoming a trend.

Zhongyuan Real Estate Research Institute also believes that Fuzhou's purchase restriction policy and sales restriction policy are supporting policies. Foreign household registration needs to be restricted, and the only house with local household registration does not need to be restricted; At the same time, it is difficult to settle in Fuzhou, so the proportion of foreign household registration in Fuzhou is relatively low. However, the cancellation of the purchase restriction policy is still a big plus for the current property market, representing a comprehensive policy shift.

From the market point of view, Meng Xinxin, an analyst of the Index Division of the Central Reference Institute, pointed out that according to the 100-city price index of the China real estate index system, the house prices in Fuzhou are still fluctuating and adjusting in recent months, and the short-term inventory clearing cycle of new houses is still more than 20 months, which puts great pressure on inventory destocking. "The cancellation of this condition is in line with the central government's orientation of" supporting the release of reasonable housing demand. " Meng Xinxin said that optimizing the purchase restriction policy for ordinary residential projects below 1.44 square meters, promoting reasonable demand and improving the release of housing demand are conducive to stabilizing market sentiment and improving the expectations of buyers.

Trend: more cities or follow-up policy relaxation

The relaxation of Fuzhou's purchase restriction policy is not a case. Not long ago, two other second-tier provincial capitals, Zhengzhou, Henan and Harbin, Heilongjiang, also liberalized their control standards from different aspects.

On March 1 day, Zhengzhou City, Henan Province issued the Notice on Promoting the Healthy Development of Real Estate Industry, which involved five measures: supporting reasonable housing demand, improving housing market supply, increasing credit financing support, promoting the construction and renovation of resettlement houses, and optimizing the real estate market environment.

On March 23rd, the website of Harbin Municipal People's Government announced that the Notice of the General Office of Harbin Municipal People's Government on Further Strengthening the Regulation of the Real Estate Market has completed the phased regulation task, and it is planned to be abolished, becoming the first second-tier city to lift the "sales restriction order" this year.

Yan Yuejin pointed out that as far as the purchase restriction policy is concerned, the current second-tier cities have the greatest probability of relaxing the purchase restriction, mainly because of their greater market pressure and more room for relaxation. Relaxed cities are generally cities with weak real estate market performance in recent years, that is, the relaxation of purchase restrictions is closely related to market performance. In view of the relaxation of Fuzhou's policy, it is expected that the possibility of relaxing the purchase restriction in subsequent places will be further increased, and the threshold for buying houses will be moderately lowered, which will also have a positive effect on the activity of buying houses in various places.

According to the statistics of Zhongyuan Real Estate Research Institute, since 2022, in less than three months, more than 60 cities across the country have issued various policies to stabilize the property market for more than 70 times, and the policies issued by overlapping ministries are close to 100 times.

Talking about the future development trend, Zhang Dawei, chief analyst of Zhongyuan Real Estate, believes that in 2022, there will be obvious signs of comprehensive easing of property market policies, and policies to stabilize the property market are being introduced from central ministries to local provinces and cities. From the market point of view, with the emergence of the bottom of the policy, the bottom of the market transaction has gradually begun to approach. Whether "Xiaoyangchun" can appear depends on the development of the market and the implementation of the credit policy.

Beijing News reporter Zhang Jian

Editor Yang proofreads.