What will happen to the future of the real estate market?, The pace of policy implementation in various regions is significantly accelerating! After lifting purchase restrictions

Release time:Apr 16, 2024 21:06 PM

Recently, the pace of implementing real estate policies in various regions has significantly accelerated. In addition to implementing the policy of "recognizing houses but not loans", there is also a policy optimization and adjustment that has received special attention, which is the comprehensive lifting of purchase and sales restrictions. What changes are happening in the market after the lifting of purchase restrictions? How can we better "implement policies based on the city" next? Let's take a look together.

Nanjing real estate market cancels purchase restrictions

On the night of September 7th, Nanjing released the latest measures to promote the development of the real estate market, announcing that from September 8th, purchasing commercial housing in Xuanwu District, Qinhuai District, Jianye District, and Gulou District of Nanjing no longer requires a purchase certificate. What changes are worth paying attention to after the implementation of the new policy? Watch together.

Strong second tier city Nanjing

Why introduce housing subsidy measures?

Among the six measures introduced by Nanjing City, two involve subsidies. How to understand the starting point of the measures?

Jiang Haiqin, Deputy Director of the Housing Security and Real Estate Bureau of Nanjing City, Jiangsu Province: These two subsidy measures, one is to provide subsidies for the purchase of new houses in the new area, and the other is to provide subsidies for the sale of old houses to buy new ones. These two measures are both taken from the perspective of reducing the burden of purchasing houses for both rigid and improving groups. Subsidies will be provided for the purchase of new houses in the new district, mainly considering that the new district is an industrial agglomeration area in our city, attracting a large number of new residents and young talents to develop here. This measure can effectively promote the integration of industry and city and the balance between work and housing in the new district. Subsidies for "selling old to buy new" are mainly provided through measures to fully support residents in exchanging small for large and old for new, in order to promote the linkage of the primary and secondary housing market and provide support for improving the demand for affordable housing.

What issues does the new policy in Nanjing address?

Which groups of people will benefit from this?

Jiang Haiqin, Deputy Director of the Housing Security and Real Estate Bureau in Nanjing, Jiangsu Province: The development situation of the real estate market in Nanjing is basically the same as the overall situation in the country, and the real estate industry in Nanjing is also facing the problem of transformation and upgrading. The launch of these six measures will mainly help accelerate the high-quality development of the real estate industry, and the policy measures are mainly aimed at meeting the housing needs of different groups at different stages. For example, newly hired young people can choose second-hand houses in the main city that are more convenient for commuting and daily life. Families with multiple children, elderly care, and other improvements can also choose high-quality and environmentally friendly newly-built commercial housing in the new area based on actual conditions, thus forming a reasonable gradient of consumption. Therefore, the biggest beneficiaries of this policy are the rigid and improving homebuyers. From the perspective of "implementing policies based on the city", the introduction of this policy is also a beneficial promotion for the development of the real estate industry in Nanjing. For development enterprises, they can also combine market demand to supply higher quality products. For intermediary enterprises, this new policy will bring vitality and energy to brokerage institutions, the brokerage industry, and brokers. From these two aspects, we can jointly promote a virtuous cycle in the entire real estate industry in Nanjing.

How is the market reaction?

Jiang Haiqin, Deputy Director of the Housing Security and Real Estate Bureau of Nanjing City, Jiangsu Province: In the past week, it should be said that the overall response of all sectors of society to policy measures has been positive, and we also recognize the strength of our policies. From a data perspective, the daily average transaction volume of commercial housing in Nanjing, the number of new customers for second-hand housing, and the number of visitors have all increased, indicating an increase in market activity.

Multiple cities have lifted property purchase restrictions in the real estate market

What impact will it bring?

According to incomplete statistics, at least 10 cities including Nanjing, Qingdao, and Zhengzhou have completely lifted purchase restrictions. Many cities have also optimized their purchase restriction policies for specific regions or groups. What will be the impact of canceling property purchase restrictions in multiple cities?

Yu Xiaofen, Dean of the China Housing and Real Estate Research Institute at Zhejiang University of Technology: The impact of the cancellation of the comprehensive purchase restriction policy is still significant. On the one hand, it sends a strong policy signal that some of the policies we introduced during the overheated stage of the real estate market in the past are no longer suitable for the needs of the market and should be withdrawn in a timely manner. On the other hand, it also eliminates the worries of local governments and opens the policy door for these cities that have not yet introduced corresponding adjustment policies. The adjustment of this policy has released a reasonable demand for housing, which is conducive to stabilizing the real estate market.

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