Subsequently, Weibo, the official "Hubei Publishing" and the official WeChat account-the official WeChat published news that Wuhan has introduced the latest measures to support reasonable housing demand, including that families registered in this city with parents or children and two or three children can buy a suite in the restricted area, and the tax or social security period for foreigners to buy a house for the first time in the restricted area is adjusted from 2 years to 1 year.
This means that Wuhan's urban purchase restriction policy has been loosened.
The insiders interviewed by China, a broker of Securities Times, believe that this fully shows that policy relaxation in hot second-tier cities or new first-tier cities has become a general trend. After the loosening of cities such as Nanjing, Hangzhou and Chengdu, expectations and voices for the loosening of Wuhan are higher, and this loosening is in line with expectations. However, judging from the suspension of the cancellation of the second-hand housing purchase restriction policy in Nanjing, although the withdrawal of regulatory policies or the rescue of the property market is the main policy tone of the current property market, we must adhere to the bottom line of "staying in the house and not speculating".
Wuhan relaxes purchase restriction
On the afternoon of May 22nd, the official Tik Tok account of Hubei Provincial People's Government announced that all the four remote areas of Wuhan, namely Jiangxia District, Dongxihu District, Economic Development Zone and huangpi district, had been lifted. At the same time, these four distant cities are no longer in the qualification verification area.
Subsequently, the official "Hubei Release" Weibo announced that Wuhan has introduced the latest measures to support reasonable housing demand.
There are three specific measures:
Families of registered residents in this city whose parents come to Han to take refuge with their parents or whose children come to Han to take refuge with their parents can buy 1 house in the restricted area if they already have 2 houses in Wuhan;
For households registered in this city who have given birth to two or three children in line with the national birth policy and already own two houses in Wuhan, they can buy 1 house in the restricted purchase area;
For non-local households who purchase ordinary housing for the first time in the restricted area, the period of paying social security or individual tax in this city is adjusted from 2 years to 1 year.
Then, the official account of WeChat, the official "Hubei Publishing" also issued a document saying that Wuhan introduced the latest measures to support reasonable housing demand. In addition to the above three measures, the article also stated that on May 15, the central bank and the China Banking Regulatory Commission issued a number of financial support measures, such as adjusting the interest rate of the first home loan by 20 basis points as follows. In China Bank, the new commercial personal housing loan interest rate will be lowered in accordance with the principle of marketization.
In addition to the above measures to support rigid and improved housing demand, the New Deal also includes a number of measures to support the reasonable financing needs of real estate development enterprises, including:
Guide financial institutions to support the reasonable financing needs of real estate development enterprises on the premise of preventing risks, and steadily increase the investment in real estate development loans in the city;
Increase investment in individual housing loans, shorten the period of loan approval and issuance, and actively support the reasonable housing fund needs of households;
Increase financial support for the long-term rental market and the construction of affordable housing;
At the same time, maintain the order of the mortgage market, strengthen the management of consumer loans and operating loans, and prevent credit funds from illegally flowing into the real estate market.
Policy relaxation in hot second-tier cities has become a trend.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, told the Securities Times China that this fully shows that the policy relaxation in hot second-tier cities or new first-tier cities has become a general trend. After the relaxation in Nanjing, Hangzhou, Chengdu and other cities, the expectations and voices for Wuhan's relaxation are very high, and this relaxation is in line with expectations. Wuhan released a positive signal to the three groups to relax the purchase restriction and the suburbs to lift the purchase restriction.
Yan Yuejin believes that the lifting of the purchase restriction in the suburbs of Wuhan will objectively help promote the destocking of market projects in the suburbs of Wuhan and help boost the market. At the same time, Wuhan has relaxed the purchase restriction for three groups: families with relatives, families with many children and non-local families, which has a positive effect on increasing the qualifications of relevant groups and reducing the cost of buying houses.
"This time, Wuhan's targeted relaxation of various groups of people concerned by the current society, especially the relaxation of the policy of buying houses for families with many children, is the mainstream practice of policy relaxation in various places." Yan Yuejin said that Nanjing, Wuxi, Dongguan, Hangzhou and so on. Previously, the policy of buying houses for families with many children has been relaxed, and all localities will implement it in combination with the policy of relaxing the purchase restriction. This is a trend, which not only increases the birth scale of the population, but also reduces the cost of buying houses for families with many children, objectively making the real estate development of such cities face new opportunities and helping to promote the short-term activity of the real estate market.
Yan Yuejin also said that the current relaxation of such policies and the superposition of other policies will have a positive effect. In other words, under the "five-limit lifting+mortgage interest rate reduction+other policies", the real estate market does have the possibility of getting out of the bottom and trough of the market. Moreover, the policy relaxation of such provincial capital cities also has a very good demonstration effect, which is conducive to the subsequent adjustment of market sentiment in surrounding cities and prefecture-level cities. With the continuous relaxation of local policies, it should be said that the development environment of the real estate market tends to improve, and the pace of buyers entering the market will also accelerate. The improvement of real estate transaction data will also lead to the improvement of sales and business data of real estate enterprises, which are worth looking forward to.
It is worth noting that although many cities have relaxed the purchase restriction policy, there has also been the first city where the loosening policy has been stopped.
On May 20th, Nanjing completely canceled the second-hand housing purchase restriction policy, which caused widespread concern. However, from the afternoon notice to cancel the purchase restriction, there is no need to provide proof of purchase for second-hand housing transactions. In the evening, the "official announcement" article of Nanjing Housing Society was deleted, and an intermediary confirmed to the reporter of Securities Times and Broker China that the purchase restriction was resumed. The whole journey was only half a day, and Nanjing cancelled the "half-day tour" of the second-hand housing purchase restriction policy.
In this regard, Yan Yuejin said that the cancellation of the purchase restriction of second-hand houses in Nanjing was stopped, indicating that some new situations and new problems have emerged in the current policy relaxation. From the perspective of second-hand housing, similar migrants can buy houses without restrictions, which may lead to a new round of speculation and even increase the demand for real estate speculation. Therefore, when local policies are relaxed, we must also stick to a basic red line, that is, "housing is not speculation." We should pay close attention to the market's absorption and feedback of policies, and prevent all kinds of speculative demand from suddenly increasing, which will interfere with the stable and healthy development of the real estate market.
Li, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Planning Institute, also told the China reporter of the Securities Times that Nanjing's loosening policy was stopped because it caused a lot of public opinion and touched the bottom line of "no speculation in housing". The withdrawal or rescue of regulatory policies is the main policy tone of the current property market. However, it is necessary to stick to the bottom line of "housing and not speculating", gradually promote policy loosening and bail-out, and not run out of food at once.
"Recently, the central bank first lowered the lower limit of the first home loan interest rate, and then lowered the LPR. The interest rate quickly dropped from 5.4% to 4.4%, which is already very strong. In addition, a package of policies to rescue the city and a number of policies to rescue the property market have been introduced in the early stage. In order to prevent the package of policies from overlapping and pushing up housing prices, especially after the epidemic is completely controlled in the second half of the year, the overlapping effect of the previous policies will be obvious, and cities should strengthen the guidance of regulatory policies. " Li said to him.