Today, it is rumored that Suzhou housing and Urban Rural Development Bureau will jointly convene a meeting of some real estate enterprises with multiple departments, and then introduce some real estate support policies.
In this regard, the relevant person of Suzhou housing and Urban Rural Development Bureau told the financial associated press that the Bureau has not issued a document to convene a meeting of real estate enterprises recently.
On whether Suzhou will adjust its real estate policy, the above-mentioned people responded to the information on the official website
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The signal of stabilizing the property market is obvious, and the real estate deregulation policies are frequent in 55 cities
More and more cities have joined the deregulation of the property market.
According to Zhuge's statistics, as of March 8, a total of 55 cities have relaxed the property market policy this year. Most of the policies start from the demand side and cover the aspects of relaxing purchase and loan restrictions, reducing the proportion of down payment, reducing the mortgage interest rate, relaxing provident fund loans, relaxing sales restrictions and house purchase subsidies.
It is worth noting that since 2022, almost all deregulation policies have been implemented smoothly without withdrawal.
Wang Song, chief analyst of capital securities, said that in conjunction with the recent statement by the chairman of the CIRC, Guo Shuqing said that "the momentum of the real estate bubble is turning to finance", and the relevant description of supporting the reasonable housing demand, the relaxation of real estate policy based on risk prevention intention is expected to run through the whole year.
the policy of stabilizing the property market has not been stopped
"Compared with the overall tightening of real estate regulation at the beginning of 2021, there are obvious signs of overall easing of the real estate market policy in 2022, and the central and local governments are making efforts to stabilize the real estate market." Zhang Dawei, chief analyst of Zhongyuan Real estate, said.
In fact, since this year, there have been frequent policies to stabilize the property market, of which the loosening of commercial loans is the most concerned by the outside world. From the perspective of local policies, on the one hand, many cities have reduced the down payment ratio of commercial loans; on the other hand, the identification standard of the first house has been relaxed.
Among them, Heze, Chongqing, Ganzhou, Wenzhou, Nantong and other 11 cities reduced the down payment ratio of commercial loans to a minimum of 20%; Zhengzhou launched the first shot of "recognizing loans but not houses" in commercial loans, and financial institutions implemented the first house loan policy for families who have a house and have settled the corresponding house purchase loans.
"The loosening of commercial loans is a policy with substantial effect. In particular, the cancellation of house and loan recognition in Zhengzhou is of symbolic significance, which provides an effective reference for other cities to relax their regulation and control policies." Analysis by a researcher of Yihan think tank.
In terms of deregulation of provident fund loans, all localities mainly focus on increasing the loan amount, reducing the proportion of down payment and relaxing the identification standards of the first house.
According to the Research Report of Yihan think tank, in terms of increasing the loan amount, Shanxi Jinzhong increased the loan amount for all normal deposit groups, and Sichuan Suining increased the loan amount by 50000 yuan under the same conditions for families with two and three children; In terms of reducing the down payment ratio, the down payment ratio of provident fund loans for second homes in Nanning, Yichang and other cities decreased to 30% and Jinzhong to 20%; In terms of relaxing the recognition standards of real estate, Jinzhong recognizes the number of houses based on the number of times of family provident fund loans, and those without loan records are regarded as the first suite.
In addition, some cities or regions have also loosened their restrictions on purchase, sale and price.
Among them, Zhengzhou allows the elderly to take refuge in their families and buy a new set of real estate, and the purchase restriction policy has targeted marginal loosening. Qingdao Jimo district has relaxed the restriction policy. The new house can be traded after five years after obtaining the real estate property right certificate from the original one, and the second-hand house can be traded after two years after obtaining the certificate.
Overall, in the current round of deregulation of the property market, the city with the greatest rescue effort is Zhengzhou. Many experts interviewed said that as a hot second tier city, Zhengzhou recently released 19 policies to stabilize the property market, which is the first systematic policy to save the property market this year. Zhengzhou property market has stronger policies and wider coverage, which may indicate that the property market has officially entered a substantive easing cycle.
Industry insiders believe that the current round of deregulation of the property market has exceeded expectations. Some third and fourth tier cities have reduced the proportion of down payment, some cities have "recognized loans but not houses", and some provincial capital cities have even revisited the "monetization of shed reform". It is noteworthy that the above policies have not been stopped.
expected more cities to deregulate
From the perspective of policy direction, the central bank first mentioned the "two maintenance" of real estate at the end of September last year, which released a positive signal. Then the policy warm wind blew frequently. On December 3, the cbcirc stated that it would focus on meeting the mortgage needs of the first house and improved housing. After a few years, the regulatory authorities raised the demand for improved housing. On December 6, the management made it clear that "support the commercial housing market to better meet the reasonable housing needs of buyers".
Central China Securities Co.Ltd(601375) analysts pointed out that the real estate regulation in the next stage will highlight the four directions of fine regulation, stable expectation, guaranteed delivery and supporting the bottom line, so as to ensure the demand for rigid housing and meet the reasonable demand for improved housing.
"It is expected that the subsequent loan and purchase restrictions will continue to be relaxed to varying degrees to support the full release of rigid demand and improvement demand, and local governments will make full use of the space for urban policies. Specifically, it is difficult to relax in the first tier and core second tier cities, and the main force of loosening will be carried out in ordinary second tier and lower tier cities." Said the researcher of Yihan think tank.
"In the current market environment, regulators have increased their tolerance for the deregulation policy of the local real estate market. The space for policy relaxation is expanding. Third and fourth tier cities can deregulate policies such as purchase and loan restrictions, and even pick up the sharp tool for destocking of shed reform and monetization resettlement, and the deregulation range of policies in second tier cities can also be moderately increased." Kerry analysts believe.
Zhang Dawei told reporters that from the perspective of trend, it is expected that there will be a blowout in policies aimed at just demand and improving demand. At least 40 cities, including Kunming, Nanning and other cities with great downward pressure on the market, will introduce policies aimed at improving demand.
"It is a more effective policy evolution path to adjust for rigid demand and improved demand." Wang Song said that the effective implementation of the combined boxing policy is expected to make the industry usher in the bottom recovery of growth rate at the end of the second quarter. (source: Cailian)
