Following Harbin and Zhengzhou, another provincial capital city issued a new property market policy.
On April 5, Lanzhou City announced that it will lower the threshold for individuals to purchase housing. The minimum down payment ratio for the first home is not less than 20%, and the minimum down payment ratio for the second home is 30%. In addition, it is also clearly stated that it is necessary to relax the restrictions on sales, increase the amount of provident fund loans, and increase the issuance of personal housing mortgage loans.
Lanzhou releases new property market policy
Down payment for second suite dropped to 30%
On April 5, the official website of the Lanzhou Municipal People’s Government announced that in order to implement the strategy of strengthening the provincial capital and further optimize the business environment, Lanzhou recently issued the “Several Measures for Lanzhou to Implement the Strategy of Strengthening the Provincial Capital to Further Optimize the Business Environment (No. 1″) )” (hereinafter referred to as “Several Measures”), requiring the deepening ofConstructionReform the project approval system, strengthen the service guarantee for housing construction projects, support the virtuous circle and healthy development of enterprises, and stimulate market vitality.
The “Several Measures” clarified that the down payment ratio for home purchases will be reduced, housing provident fund support will be increased, and policies on purchase restrictions and loan restrictions will be relaxed in a targeted manner.
1. Personally through businessBankThe minimum down payment ratio for the purchase of the first house with the provident fund loan is not less than 20%, and the minimum down payment ratio for the second house is not less than 30%.
2. To reduce the burden of personal housing consumption.Increase the strength of personal housing mortgage loans, and guide financial institutions to implement loans in accordance with regulatory regulationsinterest ratepreferential policies. For families who own a house and have paid off the house purchase loan, if they apply for a loan to buy a house again in order to improve their living conditions, the financial institution will implement the first-home loan policy.
3. To increase housing provident fund support. Individuals purchase housing through provident fund loans. The maximum provident fund loan amount is 600,000 yuan for single employees and 700,000 yuan for dual employees.
4. To support diverse housing needs. Implementing the “simultaneous development of rental and purchase”, increasing the construction of affordable rental housing, cultivating the housing rental market, and promoting “equal rights for rental and purchase”.
5. To increase housing security for talents. Provide housing guarantees such as physical security, housing subsidy and rental subsidy for newly introduced talents. Promote the construction of “Cuiying Community”, make overall use of various housing sources, speed up the construction of “packed-in” talent apartments, and establish a hierarchical and multi-channel housing security mechanism for talents.
6. To support new citizens to buy houses. Encourage new citizens and flexible employment personnel to establish and deposit housing provident funds, and those who pay housing provident funds in Lanzhou shall handle housing provident fund withdrawal and loan business under the same conditions as employees who pay and deposit housing provident funds in this city.
7. To support the needs of filial piety and care for the elderly. For adults working and living in Lanzhou who need to bring their parents and other close relatives living in different places to live in Lanzhou, support will be given, and their families will be allowed to buy a new house in the purchase-restricted area. For families with two or three children in line with the national fertility policy, they are allowed to buy a new house in the restricted area.
8. To improve the quality of housing. Fully implement green buildings and develop prefabricated buildings. tax on green building projects,creditsales and other aspects to give policy support.
9. To regulate the order of the real estate market.Adhere to “housing and not speculating”, according to “stabilizing land prices, stabilizinghouse priceTo meet the general requirements of “stabilizing expectations”, continue to carry out actions to crack down on violations of laws and regulations to curb the chaos in the real estate market.
In response to the above policies, Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, said that Lanzhou’s policy regulation is comprehensive, which fully reflects the current local restrictions on “five restrictions” (namely, purchase restrictions, loan restrictions, price restrictions, business restrictions, and restrictions). sale) relaxation guide. Among them, the support and guarantee for the demand for improved housing purchases are worth learning from other cities across the country, especially as the current credit environment continues to be loose, it is expected that the policies for the purchase of second homes in various regions will be further relaxed.
Speed up project development and construction
Support the virtuous circle of business
In addition, the “Several Measures” also made specific arrangements for the approval process, land supply, pre-sale funds, and improvement of supporting public facilities.
In terms of land supply, the “Several Measures” pointed out that, starting from April 1, the right to use state-owned construction land will be sold by means of bidding, auction or listing, and the bidding deposit will be implemented at the prescribed minimum ratio (20% of the starting price of listing), and the remaining The funds are transferred from the right to use the state-owned construction landcontractPay within one year after signing. It is necessary to reasonably determine the payment period for the land transfer price and reserve land compensation, and increase project loan support.Encourage financial institutions to develop in a safe and orderly mannerM&ALoans, focusing on supporting high-quality housing enterprises mergers and acquisitions of difficult housing enterprises projects.
In terms of pre-sale funds, it is necessary to improve the efficiency of the use of pre-sale funds. Further optimize the use process of pre-sale funds, shorten the time limit for approval of pre-sale funds, actively promote the use of online application, review and payment services for pre-sale funds, and implement “non-face-to-face” approval to improve the efficiency of pre-sale funds appropriation and use.
Require standardized procedures for mortgage loan access. For real estate projects that have obtained commercial housing pre-sale licenses, financial institutions and housing provident fund management centers should go through the procedures for project mortgage loan access in a timely manner, and may not arbitrarily set access thresholds or collect access deposits from enterprises.
Lifting purchase restrictions and relaxing loan restrictions in many places
Since March, there have been frequent news of lifting purchase restrictions and relaxing loan restrictions in many places. Up to now, Fuzhou, Zhengzhou, Harbin, Qingdao Jimo, Zhejiang Quzhou and other places have successively cancelled property market restrictive measures such as purchase restrictions and loan restrictions.
In the first quarter of 2022, the real estate market will continue to weaken, and the transaction volume and price will continue to decline.According to the research of Kerui Real Estate, 15 cities across the country have introduced new policies to stimulate housing demand, focusing on loosening purchase restrictions, canceling sales restrictions, issuing housing subsidies, and shantytown reform.currencyplacement, etc.
First, Nanchang and Zhengzhou loosened purchase restrictions in disguise. Persons with a college degree or above in Nanchang can buy a house without changing their household registration, and can provide a lease and education certificate. Both husband and wife can make a marital property agreement no matter how many houses. Zhengzhou encourages the elderly to come to Zheng to invest in their own care, allowing them to buy a new house for their families.
Second, Harbin lifted sales restrictions. Harbin began to implement regional sales restrictions in May 2018. Houses purchased in the six districts of the main city, such as Daoli and Nangang, can only be listed and traded after three years from the signing of the contract. It is reported that the regional sales restrictions are about to expire and be abolished.
Third, 13 cities (districts and counties) including Kunming, Yulin, Yanji and other 13 cities (districts and counties) have been entrusted with finance and taxation to issue housing subsidies to stimulate housing consumption. For example, in Baoding, non-Baoding college graduates who have settled in Baoding City and buy their first home in the central city can enjoy a housing subsidy of 150,000 yuan for a doctoral degree, 60,000 yuan for a master’s degree, and 20,000 yuan for an undergraduate degree.
Fourth, Zhengzhou restarted the monetization of shantytown reform to help the property market destock.Zhengzhou insists on monetized resettlement, promotes the transformation of shanty towns, and at the same time promotes the transformation of resettlement houses.repoleaseback and other methods, and revitalize it into affordable rental housing and shared property housing.
Fifth, Quzhou abolished the “restricted purchase and sales” and fired the first shot of the “two restrictions”. On April 2, the Housing and Urban-Rural Development Bureau of Quzhou City, Zhejiang Province issued the “Notice on Promoting the Virtuous Cycle and Healthy Development of the Urban Real Estate Industry”. In terms of purchase restrictions, the restrictions on household registration purchases and corporate purchases were cancelled, and in terms of sales restrictions, the post-5 No transfer within the year.
Kerui pointed out that the cancellation of restrictive measures such as purchase restrictions and sales restrictions in many places is related to the relatively weak performance of the property market, the strong wait-and-see sentiment in the market, the long-term low transaction volume and price, and the urgent need to solve the dilemma.
Looking forward to the future, Kerui believes that under the framework of one city, one policy, local governments still need to implement the main responsibility of the city, proceed from local reality, and implement city-specific policies to promote the healthy development and virtuous circle of the real estate industry.
The real estate regulation policies in core first- and second-tier cities will still be strictly implemented, and the regulation targets will not be swayed and the intensity will not be loosened. However, considering the real estate market environment and macroeconomic pressures, the frequency of overweight regulatory policies will decrease significantly in the near future. Weak second-tier cities and third- and fourth-tier cities may relax their classification. On the one hand, various measures will be taken to help enterprises, and on the other hand, they will moderately relax regulation in order to stabilize market expectations. Stressed cities may stimulate residents’ home purchase consumption.
The overall housing market performance was dismal in the first quarter
Only the first line continues high fever
In the first quarter of 2022, the overall performance of the property market was dismal, and the overall transaction volume continued to decline. Crane’s statistics show that from the perspective of transaction data, the national commercial housing transaction scale in the first quarter of 2022 is the lowest in recent years. In the first two months, the transaction area of commercial residential buildings in 133 key cities was 54.9 million square meters, a year-on-year decrease of 42% and 21% compared with 2021 and 2019, and a monthly average decrease of 32% compared with the monthly average of the fourth quarter of 2021.
Compared with the new housing market, the transaction situation of the second-hand housing market in the first quarter of 2022 is more severe, and the transaction scale in first-tier cities and strong second-tier cities has both narrowed to historical lows.
The growth rate of house prices also fell to a historical low under the market conditions of “volume and price falling”. On the one hand, house prices are at short-term lows. The price of commercial housing across the country fell year-on-year, the price increase of commercial housing in 70 cities shrank to a new low, and the housing price of third- and fourth-tier commercial housing fell year-on-year. On the other hand, house prices have fallen to the bottom. The average sales price of commercial housing across the country has risen month-on-month. Since February, most cities no longer “exchange price for volume” or even withdraw special housing listings. From the month-on-month change, housing prices in this round have been adjusted to the bottom, and some second- and third-tier cities have fallen.
It is expected that the overall transaction volume of new houses will pick up in the second quarter and will increase month-on-month. However, considering the reasons for the high base last year, it will still decline year-on-year, and the decline will be narrowed. In the second quarter, first-tier cities are expected to continue the heat of transactions, and the supply volume is low, and the overall transaction is expected to continue to increase steadily. The second- and third-tier property market transactions will continue to decline slightly as the supply shrinks, returning to the differentiated market.
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(Article source: Chinafundnewspaper)