Another hot city joined the relaxation of purchase restrictions.
On April 12, in response to the rumor that Nanjing has liberalized the purchase restriction, the reporter of the Securities Times called the Nanjing real estate management department and learned that the purchase restriction policy in the main urban area of Nanjing has not changed, and the purchase of the first house by outsiders still needs 24 months of social security certificate within 3 years; The purchase restriction policies of Lishui district and Liuhe District have been optimized, and people from other places do not need to provide social security certificates to purchase the first suite.
On the same day, it was reported that four places in Hubei, including Xianning, Jingmen, Huangshi and Yichang, lowered the mortgage interest rate by up to 56 basis points.
According to the reporter of the securities times, if the above four cities reduce the mortgage interest rate, since April, 14 cities such as Quzhou, Qinhuangdao, Dalian, Mianyang, Lanzhou, Lishui, Taizhou, Anshun, Suzhou and Nanjing have relaxed the house purchase policy, involving purchase restriction, loan restriction, sales restriction, provident fund loan, mortgage interest rate and so on.
Industry insiders believe that the Yangtze River Delta has always been a “barometer” of the real estate market, and Suzhou and Nanjing relax the purchase restrictions or become the wind vane of the real estate market policies of hot cities. In the future, the second tier cities with high downward pressure may follow suit and relax locally, or even cancel the “four restrictions” (purchase, loan, sale and price). Cities with high downward pressure will be stimulated on the demand side.
Nanjing Liuhe and Lishui districts relax purchase restrictions
On April 12, in response to the rumors of Nanjing liberalizing the purchase restriction, the reporter of the Securities Times asked the Nanjing housing security and real estate bureau for confirmation. The relevant staff told the reporter that the purchase restriction policy in the main urban area of Nanjing has not changed, and it still takes 24 months for outsiders to purchase the first suite within three years.
Subsequently, the reporter of the Securities Times called the real estate management departments of Lishui district and Liuhe District of Nanjing respectively. The relevant staff said that the purchase restriction policy was optimized, and outsiders did not need to provide social security certificates to purchase the first suite.
Among them, the relevant staff of the housing security and real estate bureau of Liuhe District told the securities times that when foreigners buy houses in Liuhe District, married people need to provide the ID card, marriage certificate, household register, birth certificate and household register of minor children of both husband and wife; Unmarried persons need to provide ID card and household register, and can open a house purchase certificate in Liuhe District, but only if they can’t have a house in Nanjing.
The relevant staff of Lishui district housing security and real estate bureau also told the securities times that when foreigners open a house purchase certificate in Lishui District, married people need to provide both husband and wife’s ID card, marriage certificate, household register, birth certificate and household register of minor children; Unmarried persons shall provide ID card and household register. “I’ll bring the materials into the system and see if the system can pass.” She said.
Previously, the overall house purchase policy of Nanjing stipulated that outsiders need to provide social security certificates for a total of 24 months within three years to buy their first house. Now, when outsiders buy houses in Liuhe District and Lishui District, they only need to provide information such as ID card and household register, and no longer need social security certificate, which means that the purchase restrictions in these two districts have been relaxed.
Li Yujia, senior researcher of Guangdong housing policy research center, said in an interview with the securities times that Nanjing, as a hot city, the loosening of purchase restrictions in the two peripheral districts represents the situation of policy adjustment in this type of city. Now the regulation of hot cities is required to follow the state of “doing something and not doing something”. This time, Nanjing will first release the peripheral demand, gradually increase the market, guide the expectation, and then look at the epidemic situation, market expectation and the recovery of purchasing power, and then take the next step. Generally speaking, the loosening of the periphery of hot cities is an inevitable trend.
hot cities join the army of deregulation
Since this year, many places across the country have intensively introduced loose real estate policies. According to the statistics of Zhongyuan Real Estate Research Center, more than 70 cities have issued new policies to stabilize the property market in 2022.
It is worth noting that recently, Suzhou, Nanjing and other hot cities have also joined the army of policy deregulation.
On April 11, the sales and purchase restrictions in Suzhou were relaxed. Among them, the sales restriction of second-hand houses is adjusted from 5 years to 3 years, and the sales restriction period of new houses remains unchanged; If a foreigner buys a house in Suzhou, the social security (individual income tax) can be accumulated for two years, and it is no longer necessary to pay for two consecutive years within three years.
“Suzhou, as a major economic city, has recently been affected by the epidemic. The overall property market is very depressed, especially the transaction of second-hand houses is depressed, the price has been reduced, and the supply of new houses has remained high. Therefore, from the perspective of Suzhou, the introduction of loose regulation and control policies is mainly to stabilize the real estate market.” Zhang Dawei, chief analyst of Zhongyuan Real estate, said.
Ding Zuyu, executive director of Shanghai E-House Real Estate Research Institute, believes that the relaxation of the restrictions on the sale of second-hand houses in Suzhou, coupled with the easing of financial and credit policies, has released a positive market signal for repairing market confidence. In addition, the relaxation of the purchase restriction threshold and the reduction of the threshold for outsiders to buy a house will play a certain role in increasing the purchase demand of foreign customers in Suzhou.
In addition, on April 12, it was reported that four places in Hubei, including Xianning, Jingmen, Huangshi and Yichang, lowered the mortgage interest rate by up to 56 basis points.
According to the reporter of the securities times, if the above four cities reduce the mortgage interest rate, since April, 14 cities such as Quzhou, Qinhuangdao, Dalian, Mianyang, Lanzhou, Lishui, Taizhou, Anshun, Suzhou and Nanjing have relaxed the house purchase policy, involving purchase restriction, loan restriction, sales restriction, provident fund loan, mortgage interest rate and so on.
For the trend of policy deregulation since this year, Li Yujia believes that recently, the strength and scope of the property market rescue policy have been significantly expanded, from the previous purchase subsidies and increasing the amount of provident fund to the deregulation or cancellation of purchase and sale restrictions, and the “leverage” has been restored. For example, the recognition standard of the first house has changed from “house and loan” to “house and loan”; From the third and fourth tier cities to cities with higher energy levels, such as Zhengzhou, Fuzhou, Lanzhou, Harbin, Suzhou and Nanjing.
For hot cities to join the deregulation army, Ding Zuyu believes that the Yangtze River Delta has always been a “barometer” of the real estate market, and the relaxation of purchase restrictions in Suzhou and Nanjing may become the wind vane of the real estate market policy of hot cities. In the future, second tier cities with high downward pressure may follow suit to relax locally or even cancel the “four restrictions”, and cities with high downward pressure in the market will be stimulated on the demand side. With the continuous release of relatively abundant improvement demand, the real estate market in all tier cities is expected to turn and stabilize, and the market heat will be transmitted from the first tier cities to the second tier cities, and finally the third and fourth tier cities.
