Industry experts summed up five policies that may stimulate the property market. You can't miss buying a house in Yulin!
Notice of Buying a House in Yulin: The Most Possible Property Market Policy Article 5: The government purchases commercial houses as affordable housing.
Effect: ★★★★
Landing time: anytime
Theoretically, the purchase of commercial housing as affordable housing can effectively reduce the short-term inventory of cities with large inventory. However, the policy requires higher financial strength of the government, and the demand for affordable housing in cities with high inventory pressure is relatively small, so the effect of the policy may be average.
Fourth place: the city implements the policy of "limited supply" of land supply.
Effect: ★★★★★☆.
Landing time: anytime
Third-and fourth-tier cities with excessive inventory should be controlled from the source of land. It is suggested that all cities whose inventory digestion cycle is more than two years should suspend land supply, and cities whose digestion cycle is reduced to less than 18 months can resume land supply. Every quarter, the Ministry of Land and Resources will publish a list of "suspended cities" and "resumed cities" to strictly control the source of commercial housing supply.
Third place: migrant workers are fully integrated into the preferential system of urban housing purchase.
Effect: ★★★★★
Landing time: anytime, anywhere on demand.
Cities at all levels should treat migrant workers equally in policies, including: 1. Accelerate the reform of the household registration system, and solve the safety threshold and psychological attribution of migrant workers entering the city. 2. Incorporate migrant workers into the provident fund payment system. 3. Individual cities give preferential taxes and fees to migrant workers to buy houses. Once the above policies are implemented, they will play a great role in increasing effective demand and promoting the long-term stability of the property market.
Second place: the mortgage interest is deducted from the tax.
Effect: ★★★★★★★
Landing time: the earliest second half of the year
This policy can effectively improve the purchasing power of buyers, especially the stimulation of improved demand. In the short term, once implemented, it will detonate the property market in first-and second-tier cities, which will obviously promote destocking.
First place: the down payment ratio of the first suite was reduced to 10%.
Effect: ★★★★★★☆.
Landing time: anytime
Downpayment reduction can activate rigid demand to the greatest extent, and it has the most significant role in promoting the destocking of the property market. Regarding the concerns of all parties in the market, I think China is a savings-oriented country, and the possibility of subprime mortgage crisis is very small, and the possibility of credit crisis in the first suite is even less. Therefore, reducing the down payment of the first suite to 10% will be the ultimate move to destock the property market!