Do not provide proof of purchase for the first home! Multiple regions continue to launch new strategies, while another provincial capital relaxes purchase restrictions

Continue to optimize real estate policies in multiple regions.

On September 22nd, Changsha relaxed its real estate purchase and sales restrictions. Among them, the restrictions on the first set of commercial housing in restricted areas were lifted. Residents who do not have housing in the restricted areas in Changsha can directly purchase their first set of housing without providing proof of household registration, social security, personal income tax, etc. At the same time, the sales restriction policy has been adjusted to allow for the transfer of commercial housing after 4 years of online signing and filing.

On the same day, Huizhou also introduced a new policy to stabilize the real estate market, which proposed implementing policies such as "recognizing houses but not loans" and gradually relaxing the lower limit of interest rates for commercial personal housing loans for first homes; For families with multiple children who purchase their first self owned housing and receive their first provident fund loan, the maximum loan amount will be increased by 20%; Promote the "mortgage transfer" model for second-hand houses, etc.

Industry insiders believe that the adjustment of purchase restrictions in Changsha is different from other cities, as it only cancels the purchase restriction on first homes, while the sales restriction policy continues to be implemented, with only a slight relaxation of the duration. On the one hand, this will avoid short-term speculation after the deregulation of non local registered residence purchase restrictions. On the other hand, the sales restriction policy will continue to be implemented, and it will also prevent the listing of a large number of second-hand houses in other cities from affecting the sales of new houses. This policy, along with measures such as reducing the down payment ratio for first homes, will help Changsha attract first-time homebuyers from surrounding cities to purchase properties in Changsha, and help reduce inventory in the real estate market, especially in areas with significant pressure from external destocking.

Changsha optimizes purchase restriction policies

On September 22, the Changsha Housing and Urban Rural Development Bureau issued a notice on optimizing real estate regulation policies.

It is proposed that residents who purchase their first commercial housing in Changsha no longer need to provide proof of purchase. At the same time, commercial housing in Changsha can be transferred after being signed and filed online by the housing and construction department for at least 4 years.

In addition, we must adhere to the principle of promoting supply based on demand, ensuring supply and demand, linking supply and demand, and balancing the system to ensure the supply of rigid and improved housing.

This notice shall come into effect on September 22 and be valid for 5 years.

The relevant person in charge of the Changsha Housing and Urban Rural Development Bureau stated that this policy optimization aims to adhere to the requirements of implementing policies tailored to the city and precise regulation, better meet the demand for rigid and improved housing, and promote the stable and healthy development of the real estate market.

The relevant person in charge of the Changsha Housing and Urban Rural Development Bureau introduced that this round of real estate policy optimization focuses on the two dimensions of "purchase restriction and sales restriction", and follows the idea of "precise policy implementation and sustained stability" to optimize and promote the construction of a stable, accurate, and rational "Changsha path" for real estate regulation. Regarding the purchase restriction policy, this optimization allows households to purchase their first commercial housing in Changsha without the need to provide proof of purchase. This means that residents who do not have housing in the restricted purchase area in Changsha can directly purchase their first home without the need to provide proof of household registration, social security, personal income tax, etc. Previously, it was required that "newly settled citizens+12 months of social security or individual income tax; non registered residence households+2 years of social security or individual income tax" can purchase houses. The lifting of restrictions on the purchase of first commercial housing in restricted areas will better meet the demand for reasonable housing purchases. Support living and working in peace, employment and entrepreneurship.

Regarding the sales restriction policy, the person in charge mentioned above stated that this optimization is to allow for the transfer of commercial housing online signatures that have been filed for at least 4 years. Previously, it was required that the real estate ownership certificate must be obtained for at least 4 years before it can be transferred. After optimization, it can better meet the demand for improved housing such as "exchanging small for large" and "exchanging old for new".

Zhang Hongwei, the founder of Jingjian Consulting, believes that the purchase restriction adjustment in Changsha is different from that in other cities. Changsha just cancels the purchase restriction on the first set of housing, including the purchase restriction on the first set of housing by foreigners. However, the purchase of two or more sets of housing purchased by non local registered residence is still restricted in Changsha, and we still adhere to the principle of "no speculation in housing" to avoid multiple investors entering the market. At the same time as the adjustment of the purchase restriction policy, the sales restriction policy will continue to be implemented, from the original "real estate certificate can only be listed for trading after 4 years" to "online signing can be sold after 4 years". This adjustment, on the one hand, avoids short-term speculation after the deregulation of non local registered residence purchase restrictions; on the other hand, the sales restriction policy continues to be implemented, and also avoids the listing of a large number of second-hand houses, so as to avoid the surge in the number of second-hand houses listed in other cities affecting the sales of new houses. This policy, along with measures such as reducing the down payment ratio for first homes, will help Changsha attract first-time homebuyers from surrounding cities to purchase properties in Changsha, and help reduce inventory in the real estate market, especially in areas with significant pressure from external destocking.

Huizhou introduces 13 new policies to stabilize the real estate market

On September 22, according to the news on the official account of "Huizhou Housing Construction", Huizhou City issued 13 measures to promote the steady and healthy development of the real estate market, including increasing financial credit support, increasing housing provident fund support, optimizing housing transaction process, carrying out housing group purchase activities, further improving the price guidance system of commercial housing, optimizing pre-sale fund supervision, adjusting the time for developers to pay special maintenance funds for housing, etc.

It is proposed to increase financial credit support. Implementing the policy of "recognizing houses but not loans" and gradually relaxing the lower limit of interest rates for commercial personal housing loans for first homes, to better meet the reasonable financing needs of buyers of rigid and improved housing. Encourage commercial banks to adjust the interest rates of existing personal housing loans in an orderly manner in accordance with the law, guide the downward trend of interest rates and down payment ratios of personal housing loans, and stabilize consumer expectations.

At the same time, increase support for housing provident fund. For families of employees who have two or more children and purchase their first self occupied housing and apply for personal housing provident fund loans for the first time, the maximum loan amount shall be increased by 20% on the basis of the maximum loan amount stipulated in the Notice on the Maximum Loan Amount of Housing Provident Fund Loans in Our City.

In addition, optimize the housing transaction process. Promote the "mortgage transfer" model for second-hand houses and explore new models for "mortgage transfer" for first-hand houses. Standardize the intermediary services for second-hand housing transactions, strictly implement the clear pricing system of brokerage agencies, strictly prohibit illegal fees for brokerage services, and encourage real estate brokerage agencies to provide one-stop services and one-time fees.

In addition, carry out housing group buying activities. Encourage real estate development enterprises in each county to organize group buying activities for purchasing houses to the public, guide housing consumption expectations, and the preferential prices for group buying by real estate development enterprises may not be included in the range of the decline in the recorded prices of commercial housing. The marketing expenses incurred by real estate development enterprises in promoting housing consumption activities shall be applied for and disbursed in accordance with the relevant provisions of the Huizhou City Measures for the Supervision and Administration of Pre sale Funds of Commercial Housing.