Quzhou “loose”, restrictions on purchase and sales are cancelled!What signal?

2022-05-17 0 By

The first quarter property market is still cold performance, local real estate policy frequency blowing warm wind.Quzhou, East China’s Zhejiang province, became the first city in The country to fully lift restrictions on housing sales and purchases, with more than 60 cities releasing easing policies in the first quarter to release demand for home purchases.On April 2, the quzhou Municipal Bureau of Housing and Urban-rural Development issued a notice on promoting the Virtuous Cycle and Healthy Development of the Urban Real Estate Industry (hereinafter referred to as the notice), pledging to support reasonable housing demand.Non-household households, individual industrial and commercial households and enterprises invested or controlled by natural persons shall be regarded as household households of this municipality to implement relevant purchase policies.After the release of the Notice, the newly built commercial housing in the newly sold land in urban areas and the newly built commercial housing of 144 square meters and above in the sold land that has not been signed online are not limited to sale, unless there is a special stipulation in the land transfer announcement.Previously, quzhou implemented the purchase restriction policy from August 7, 2021.According to a notice issued by the Quzhou Housing And Urban-rural Development Bureau at the time, sales of new and second-hand homes will be suspended to non-local households that own one or more houses in quzhou’s urban area.Non-local households without a home must pay social security or individual income tax for 12 consecutive months.In addition, the purchase of 144 square meters or more in the urban area of the new house, five years from the date of online registration can not be transferred.Affected by policy tightening, Quzhou property market in August last year immediately turned cold.According to the Middle East Research Institute, only 402 new houses were registered online in Quzhou in August last year, the lowest in a year.At its peak last March, 1,313 new apartments were signed.In the first quarter of this year, the market is still cold, the residential transaction area decreased by more than 70% year on year, in March, only more than 300 sets of new houses were sold in Quzhou.Yan Yuejin, research director of the e-House Think tank Center, said quzhou’s drastic relaxation is largely related to quzhou’s market and policies.From the market, the real estate market in Jiangsu and Zhejiang cities is really bad this year, compared with last year;From the perspective of policies, quzhou has frequently tightened policies in recent years, and even took the initiative to regulate them than neighboring Jinhua.It is also relaxing some policies that conflict with market performance, which is very similar to what Harbin did before.Recently, local property market regulation and control policies have been relaxed. On April 1, Fuzhou relaxed purchase restrictions and Harbin cancelled sales restrictions.Then, Quzhou, Qinhuangdao, Dalian also follow up one after another.Among them, Qinhuangdao also cancelled purchase restrictions from April 2, Dalian is fully open settlement.Unshackled cities have previously suffered from a lack of confidence among home buyers.Since this year, the scale of new house transaction in Dalian has remained low, and the short-term inventory clearance cycle is more than 20 months, so the inventory destocking pressure is greater.According to the China Real Estate Index System hundred city price Index, Dalian prices are still in a period of volatility, Qinhuangdao new house prices fell for five consecutive months, second-hand house prices fell for 11 consecutive months.Since the end of last year, the local government has gradually become a trend to relax the regulation policy, and the recent performance of the relaxation is bigger and faster.According to incomplete statistics of Middle Finger Research Institute, more than 60 cities issued real estate related policies more than 100 times in the first quarter, mainly involving targeted easing of purchase restriction policies, reducing the down payment ratio, granting housing subsidies, reducing mortgage interest rates, canceling sales restrictions, and providing financial support for housing enterprises. In March, Zhengzhou implemented the requirements of the central government,We introduced 19 new policies with the most extensive coverage and the most intensive policies.The middle Finger Research Institute believes that the stability of the real estate market this year is crucial for stabilizing the economy and preventing risks.Such as dalian, quzhou, qinhuangdao market confidence has not yet recovered, short-term adjustment pressures larger cities, strengthening demand side policy relaxation, is conducive to the release of housing demand, reasonable steady market expectations, the buyers is expected to improve, the market stabilises recovery have a positive role, is expected to follow-up or more cities to follow suit.Since the second half of last year, housing enterprises have frequently encountered liquidity crisis superimposed intensive regulation policies, and the overall cooling of the property market has not been reversed in the first quarter of this year.Crerui research data show that in March 30 key monitoring cities commercial residential transaction area increased by 48%, year-on-year decline expanded to 47%.The overall performance scale of the top 100 housing enterprises also significantly reduced 47% year on year.With the recent policy end of the warm wind frequency blowing, the market is expected to accumulate accumulated backlog demand is expected to be released gradually, the second quarter market stabilization can be expected.Declaration: The copyright of this article belongs to the original author, if there is a source error or infringement of your legitimate rights and interests, you can contact us through the mailbox, we will promptly deal with.Email address: jpbl@jp.jiupainews.com