On April 22, the Beijing News reporter learned that Huai 'an, Jiangsu Province relaxed the purchase restriction, and foreigners no longer need to provide a tax or social security certificate when buying a house in Huai 'an. But after only one day, the local government changed its mind. The staff of Huai 'an municipal government hotline 12345 said, "The previous policy is still being implemented. Foreigners who buy a house in Huai 'an still need to provide tax payment or social security certificates of 1 year or above. "
According to the incomplete statistics of the Beijing News reporter, since the beginning of this year, real estate-related regulatory policies have been issued hundreds of times throughout the country. Among them, the "loosening" policies such as lowering the threshold for talents to settle down, adjusting the provident fund policy, and adjusting the threshold for purchase restrictions have become the mainstream.
With the improvement of the epidemic, the property market has shown signs of recovery recently. According to statistics from the Bureau of Statistics, from June 5438 to March, the sales area of commercial housing was 219.78 million square meters, down 26.3% year-on-year, and the decline was narrower than that in February 13.6 percentage points. At the same time, the national real estate development investment was 2196.3 billion yuan, down 7.7% year-on-year, and the decline rate was 8.6 percentage points lower than that in1-February.
Huatai Securities Research Report believes that the recovery of the property market in April and the second quarter is expected, but considering the impact of the epidemic on the economy and residents' income, and the epidemic control may continue in the medium term, it is expected that after the recovery in the second quarter, there will still be pressure in the second half of the year, so under the expectation of "three stability", the space for policy improvement will continue.
Some cities have lowered the threshold for buying houses, while Shanghai and Shenzhen still strictly control housing credit.
Since the outbreak of the epidemic, many cities have accelerated the return of blood in the real estate market by lowering down payment and lowering the threshold for talents to settle down.
In the middle of this month, Lanzhou issued a policy saying that due to local policies and precise regulation, the down payment ratio of commercial real estate loans will be adjusted from the current 70% to 50% according to the market operation.
Some places have also adjusted their provident fund loan policies. On April 22, Hunan Housing Provident Fund Management Center issued a notice saying that the time for borrowers to apply for loans for the purchase, construction, renovation and overhaul of their own houses was adjusted from two years before applying for loans to 1 year. At the same time, if the borrower purchases a second-hand house to apply for a housing provident fund loan and applies for a bank mortgage loan to be converted into a provident fund loan, the age of the mortgaged property will no longer be limited, and the sum of the age of the mortgaged property and the loan period will no longer be limited.
The new provident fund policy implemented in Dongguan in March 1 also lowered the conditions for applying for a maximum loan period of 30 years. In the past, only first-hand houses with a building area of less than 90 square meters could apply for a loan period of up to 30 years. Now, only the land use right of the mortgaged house needs to be audited after the statutory retirement age of employees is not more than 5 years.
It is noteworthy that in the first quarter of this year, 50 cities have issued talent policies, including many hot cities such as Nanjing and Hangzhou. Taking Nanjing as an example, the policy released in April further lowered the threshold for talents to settle down. Talents with bachelor's degree will be relaxed from 40 to 45, and those with junior college degree under 40 can settle down in Nanjing after 6 months of employment and insurance.
Many housing policies in these cities are very "friendly" to settled people, and even some people can buy houses as long as they have registered permanent residence. Therefore, the so-called talent policy actually lowers the threshold for foreigners to buy houses in the local market.
However, not all urban policies are "relaxed", and some hot cities are tightened due to the hot market. The most typical example is Shenzhen. In March, Vanke Star City adopted the online opening mode. In just 7 minutes and 30 seconds, 288 sets of preferential houses in 4 buildings were all sold out. Recently, the Shenzhen Central Sub-branch of the People's Bank of China issued a document saying that it will resolutely implement the work requirements of "staying in the house without speculation" and "making policy according to the city", maintain the stability, continuity and consistency of the real estate financial policy, compact the responsibility of commercial banks, and strictly prohibit the illegal use of credit funds to purchase houses.
On April 23, the Shanghai headquarters of the central bank held a symposium on real estate credit in Shanghai. The meeting demanded that we should adhere to the orientation of "housing and not speculating", strictly prohibit using real estate as risk collateral, break through the credit policy requirements in disguised form through personal consumption loans and business loans, and provide funds to buyers in violation of regulations, which will affect the stable and healthy development of the real estate market.
Experts in the "first move and retreat" of the new property market in 8 places said that the market was seriously disturbed.
In fact, the Central Economic Work Conference (65438+2008) held in February last year has set the direction of the real estate policy this year. The meeting decided to fully implement the long-term management and regulation mechanism of stabilizing land prices, housing prices and expectations due to the city's policy, and promote the stable and healthy development of the real estate market.
The real estate policies introduced by the above-mentioned provinces and cities are all concrete manifestations of the city's policy, but some places have been taken back after the policy was introduced due to excessive market reaction. "One-day tour" and "two-day tour" are not uncommon.
In addition to the aforementioned "one-day tour" of Huai 'an's new house purchase policy, Zhang Dawei, chief analyst of Zhongyuan Real Estate, told reporters that there have been "several-day tours" in seven cities including Qingdao, Haining, Guangzhou, Jinan, Baoji and Zhumadian.
Taking Jingzhou as an example, it issued a notice on April 22, saying that the municipal government decided to stop implementing the Opinions of Jingzhou Municipal People's Government on Effectively Responding to the Epidemic Situation and Promoting the Stable and Healthy Operation of the Real Estate Industry as of the date of issuing the notice because it was inconsistent with some provisions in the Notice of the General Office of Hubei Provincial People's Government on Printing and Distributing Several Measures to Promote the Stable and Healthy Development of the Construction Industry and the Real Estate Market.
It is reported that the contents of this opinion mainly include reducing the down payment ratio of the first suite to 20%, the down payment of the second suite to 30%, increasing the maximum amount of personal housing provident fund loans, and exempting the deed tax for a limited time.
Previously, Qingdao, Shandong Province and Haining, Zhejiang Province also relaxed the purchase restriction in stages. For example, the news released by Haining said that from March 25 to April 24, the policy of "non-Haining registered population restricting the purchase of a house in Haining" was suspended, but these policies were soon withdrawn or revised.
Zhang Dawei told reporters that the above practices of local governments have seriously interfered with the market. Under the epidemic situation, the macro-economic changes, under the guidance of the principle of city-specific policies, the real estate policy can be adjusted, especially under the principle of adhering to the principle of housing and not speculating, and introducing certain policies for people who just need and improve housing, which does not violate the principle of property market regulation and control, and will not have much impact on the market, but there are problems with the loosening policy, including significantly reducing the down payment.
"At present, most of the adjustments to the purchase restriction policy, talent policy and provident fund policy can be implemented, but most of the policies related to reducing the down payment changes of residents' housing credit have been withdrawn. In the long run, subsequent policy adjustments in the property market will continue to occur, and the temptation of loose policies in various cities will still appear frequently. " Zhang Dawei said.
The central government has repeatedly stressed that "housing is not speculation", and the stable and healthy development of the property market is still the main tone.
Since the beginning of this year, affected by the epidemic, the monetary environment has been relatively loose. According to the announcement of China Money Network on April 20th, the LPR (quoted interest rate of loan market) in April 1 year was reported to be 3.85%, down 20 basis points from the last time; The LPR over five years was 4.65%, down by 10 basis point compared with the previous one, which was the second "interest rate cut" in the year.
For customers with a mortgage term of more than 5 years, refer to the LPR of loan principal 1 10,000, and match the mortgage with principal and interest of 30 years. After two interest rate cuts during the year, the accumulated monthly payment can save about 90 yuan.
However, whether it is "interest rate reduction" or the city's policy, it does not mean that the overall real estate market regulation is relaxed. On April 17, the meeting of the Political Bureau of the Communist Party of China * * * once again stressed the need to adhere to the positioning that houses are used for living, not for speculation, and promote the stable and healthy development of the real estate market.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that three characteristics can be seen from this statement. First of all, despite the sharp decline in GDP in the first quarter, the real estate market still insists on housing and not speculating, which further shows that the existing real estate control ideas remain unchanged and the demand for all kinds of real estate speculation still needs to be controlled. Secondly, the expressions of "not using real estate as a short-term means to stimulate the economy" and "implementing the main responsibility of local governments" did not appear, which may indicate that there is still more room for local real estate policies to play under the big framework of housing and not speculating. In addition, the policy clearly promotes the stable and healthy development of the real estate market and continues to emphasize the orientation of real estate development. Judging from the current real estate market, the biggest unstable factor is the rapid decline of transaction volume, so it is expected that stabilizing market transaction volume will become the focus of all localities.
China Merchants Bank International Securities Research Institute also believes that the the Political Bureau of the Communist Party of China (CPC) Central Committee meeting reiterated that housing is not speculation. Therefore, we don't expect the government to further introduce stimulus policies to support the purchase of houses, such as canceling the purchase restriction or substantially reducing the down payment for second homes. "Although we are cautious about the policy of buyers, we believe that the government will ensure the stable development of real estate enterprises to avoid a large number of bankruptcies and unemployment. For example, the government will provide more land for developers. Secondly, we believe that the financing channels of developers with stable business will be improved. "