Just after the meeting of the Political Bureau of the CPC Central Committee made it clear that "support all localities to improve real estate policies from local realities", there was a move to enlarge the city.
On April 29, Shenyang fully liberalized the purchase restriction policy, and outsiders did not need social security or individual income tax certificates to buy new houses in the purchase restriction area. This is another relaxation of the purchase policy in Shenyang after the "5 to 2" exemption period of value-added tax on second-hand houses was changed on April 26.
on the same day, Dongguan housing and Urban Rural Development Bureau updated the new house purchase policy on its "Dongguan e subscription" applet. Among them, the restrictions on the purchase of foreign talents were relaxed, and the requirements for individual income tax or social security were reduced. From the previous "continuous monthly payment" to "cumulative payment"
Industry insiders believe that compared with some other cities in China, Shenyang has directly cancelled the purchase restriction policy, which is more thorough and direct, and will be more effective in activating the demand of the real estate market. It is expected that under the guidance of the spirit of the meeting of the Political Bureau of the CPC Central Committee, the pace of policy relaxation in various regions will be more open in May, which will help to promote the recovery of market transactions.
Shenyang purchase restriction policy fully liberalized
On April 29, Shenyang real estate bureau, Shenyang natural resources bureau and housing provident fund management center jointly issued the notice on optimizing the purchase services of outsiders in Shenyang, which made it clear that outsiders would purchase new houses in the purchase restricted area, implement the purchase policy of locals, and no longer provide individual income tax and social security certificates for six consecutive months or more in two years. At the same time, outsiders can apply for housing provident fund purchase loans in Shenyang according to regulations.
For the reasons why Shenyang issued the policy, the notice said that in order to build a national central city, speed up the construction of Shenyang metropolitan area, facilitate outsiders to work and live in Shenyang and solve the housing problem.
In this regard, Yan Yuejin, research director of the think tank center of E-House Research Institute, believes that Shenyang has cancelled the payment requirements of six-month social security, which actually reduces the house purchase constraints of migrant population. Compared with some other cities in China, some deregulation is not complete, and there are still some requirements for the social security of foreigners. Shenyang has directly cancelled the purchase restriction policy this time, which is more thorough and direct, which will be more effective for activating the demand of the real estate market.
Yan Yuejin expects that there will be more relaxation in May. Especially after the meeting of the Political Bureau of the CPC Central Committee on April 29, the pace of policy relaxation in various regions will be more open, which will help to promote the recovery of market transactions.
Dongguan relaxes restrictions on talent purchase
On April 29, the "Dongguan e subscription" applet under the Dongguan Municipal Bureau of housing and urban rural development updated the new policy on house purchase. From May 1, 2022, if a non registered residence resident family has a bachelor's degree or above, or a junior professional title or above, or a technician or above qualification, it can provide a certificate of social security or individual income tax paid in the city for more than 6 months in the two years before the date of house purchase, and can purchase the first commercial housing in the city; For the purchase of the second commercial housing, the certificate of social security or individual income tax paid for more than 24 months in the city within 3 years before the date of purchase must be provided. In addition, you can buy a house at home; In addition to social security, you can buy a house with an individual income tax certificate.
This means that after Foshan and Zhongshan, Dongguan has also relaxed purchase restrictions.
The chief researcher of Guangdong Housing Policy Research Center said in an interview with a Chinese reporter from a securities firm that it is relatively loose for non registered residence talents to provide social security or individual income tax certificates for the first set of housing within two years and two years; It is quite strict to provide social security or individual income tax certificates for 24 months within 3 years when purchasing 2 suites. But overall, the policy has been greatly relaxed. In addition, except Guangzhou, the first tier cities have social security requirements for house purchase, and other cities can buy houses. Dongguan is a measure taken to crack down on home speculation because house prices rise too fast after 2020. After the correction of the real estate market, the restrictions on home purchase should be relaxed.
"The decline rate of Dongguan property market is the largest in Guangdong province or the Pearl River Delta, so this policy is moderately adjusted according to the market situation, mainly for the stability of the market." Li Yujia said.
support the improvement of real estate policies based on local conditions
on April 29, 4, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work
Among them, in terms of real estate, the meeting stressed the need to effectively control key risks and hold the bottom line of no systemic risk. We should adhere to the positioning that houses are used for living rather than speculation, support all localities to improve real estate policies based on local conditions, support rigid and improved housing demand, optimize the supervision of commercial housing pre-sale funds, and promote the steady and healthy development of the real estate market.
Different from the "implementation of policies for the city" expressed in previous meetings, this meeting clearly proposed to "support all localities to improve real estate policies based on local conditions".
In this regard, Li Yujia said in an interview with a Chinese reporter from a securities firm that proceeding from the local reality means that the urban implementation policies will be further refined and the local authority to implement policies and adjust policies will be increased. In April, the property market went down further, and the month on month decline increased, exceeding expectations, affecting the stability of the industry, investment, employment and the strategy of "stable growth", and promoting the further improvement of policies. Therefore, the policy rescue has changed from non hot cities to hot cities, and restrictive policies such as purchase, loan and sales restrictions may be adjusted flexibly.
"Supporting all localities to improve their real estate policies based on reality means that the central government has recognized all kinds of local relaxation policies in recent months. At the same time, policies can be made as long as they support rigid demand and improve demand, whether at the local or national level." Yang Hongxu, vice president of Shanghai E-House Real Estate Research Institute, said in an interview with Chinese reporters from securities companies.
However, Li Yujia also pointed out that the meeting once again stressed that adhering to the principle of "housing, housing and non speculation" means that policies can be loosened and adjusted, but will not condone no bottom line to stimulate the property market. Because the current downturn of the real estate market is largely related to the impact of the epidemic. The policy should not be short-term because of the short-term impact of the epidemic. The policy should be small and fast, do something and do nothing. It should be combined with the long-term mechanism to gradually guide the market to stabilize and expected improvement.
The China Index Research Institute also believes that, on the one hand, the tone of "housing without speculation" remains unchanged. On the other hand, the word "support" in "supporting all localities to improve real estate policies based on local actual conditions" more fully reflects the current central government's attitude towards local urban policies. All localities have opened the space to optimize real estate policies in combination with local actual conditions. It is expected that all localities will continue to increase credit support, reduce down payment and mortgage interest rate, and appropriately optimize and adjust policies such as purchase restriction, sales restriction and price restriction to promote the recovery of sales.
