Suzhou relaxes restrictions on purchases and sales.
On the morning of April 1 1, the news that "Suzhou relaxed its sales restriction policy" was rampant on the Internet. "China Times" reporter saw that some of them posted a second-hand housing sales contract in Wuzhong District, Suzhou from the media. The cover of the contract shows that "the purchaser can not transfer it until three years after obtaining the property right certificate".
Subsequently, the reporter of China Times confirmed this news from Suzhou Real Estate Market and Transaction Management Center: the sales restriction period of second-hand houses in Suzhou was shortened from 5 years to 3 years; The transfer period of the new house remains unchanged, and it shall not be transferred within 3 years from the date of obtaining the certificate of immovable property rights.
At the same time, Suzhou's purchase restriction policy has also been adjusted. When families of non-registered residents apply to buy houses in Suzhou, Kunshan and Taicang 1, the social security period is required to be adjusted from two years of continuous social security payment within three years to two years of accumulated social security payment. According to the data of Ke Rui and other research institutions, the new measure of "foreigners can buy houses directly without social security or tax bills within two years after selling their houses" was also implemented on April 1 1.
The above three measures moderately loosened the Opinions on Further Improving the Stable and Healthy Development of Suzhou Real Estate Market (hereinafter referred to as the Opinions) issued by Suzhou Municipal Government on 20 19.
According to public information, the opinion issued on July 24th, 2065438+2009 suggested that from now on, Suzhou will restrict the transfer of new commercial housing and second-hand housing in Suzhou urban area (including gusu district, Wuzhong District, Xiangcheng District, Wujiang District, Suzhou High-tech Zone and Suzhou Industrial Park). The new commercial housing projects with pre-sale (sales) license in Suzhou city (including those that have obtained pre-sale license but have not started online signing) can be transferred after 3 years from the date of obtaining the property right certificate; Second-hand housing buyers need to obtain new property certificates through market transactions for 5 years before they can be transferred; Commercial housing projects that have newly obtained pre-sale (sales) permits in urban areas, including commercial housing that has obtained pre-sale permits but has not yet applied for initial signing, can only be transferred after three years from the date of obtaining the property right certificate.
At the same time, the opinion stipulates that from July 25, 20 19, non-local households can only apply for the purchase of 1 houses in Suzhou, Kunshan and Taicang. In addition, when applying for the purchase of 1 houses within these ranges, non-registered households should provide proof of payment of personal income tax or social insurance (urban social insurance) for two years or more in Suzhou within the first three years from the date of purchase.
In addition to the loosening of the policy, China Times noted that the interest rate of Suzhou mortgage has also been continuously lowered. According to the statistics of Suzhou, Ke Rui, the mortgage interest rate in Suzhou began to fall from 1 1 last year. Since mid-March this year, the interest rate of Suzhou mortgage has been lowered in an all-round way: at present, the interest rate of the first home loan of Ping An Bank, China Everbright Bank and Jiangsu Bank is 4.65%, and the interest rates of many banks including China Bank, Agricultural Bank, China Construction Bank, Industrial and Commercial Bank and China Merchants Bank are all 4.6%. At the same time, the bank's quota is sufficient, and the lending speed of most banks is controlled within one to two weeks. A few banks can lend money after approval.
Multi-city property market releases positive signals
Although the official documents have not yet landed, as a key city in the Yangtze River Delta, Suzhou's comprehensive relaxation of restrictions on purchases and sales is considered to be quite a weather vane. According to the market view, Suzhou's relaxation of restrictions on the sale of second-hand houses, coupled with the easing of financial and credit policies, will greatly restore market confidence and release positive market signals.
"In general, from the relaxation of restrictions on sales and purchases to the relaxation of the qualifications for buying houses, it can be seen that the government intends to boost the confidence of the real estate industry and has a certain role in promoting the current depressed property market." Suzhou Chang regional general manager, Suzhou real estate appraisal chief analyst believes.
In Govin's view, whether it is the relaxation of sales restriction or purchase restriction policy, in the final analysis, it is "opening the source of demand".
As Governor Wen said, "Since the fourth quarter of last year, both the new and second-hand housing markets in Suzhou have been in a continuous downturn." According to public information, since the second half of 20021,the Suzhou property market has been getting colder. According to the data of Chain Home Network, the inventory of second-hand houses in Suzhou currently exceeds 60,000 sets, and the total transaction volume of second-hand houses in the first quarter was 9,853 sets. In terms of new houses, according to the statistics of real estate appraisal in Suzhou, Ke Rui, the supply area of new commercial housing in Suzhou in March was 47 1.8 million square meters, up 42 1% from the previous month and down 52.4% from the same period last year. The transaction area was 527 1 10,000 square meters, an increase of 77% from the previous month and a decrease of 4 1% from the same period last year.
Govin admits that the change of Suzhou's restricted sales time from five years to three years will have little impact in the short term and will promote the liquidity of Suzhou's second-hand housing market. The relaxation of the purchase restriction threshold has also lowered the threshold for buying houses, which has a certain promoting effect on increasing the demand of foreign customers for buying houses in Suzhou. Foreigners can buy houses directly within 2 years after selling their houses, without social security or tax bills, which can promote foreigners who have invested in Suzhou to further purchase, upgrade and improve their houses.
"The policy adjustment was wrong, leaving room for subsequent adjustments." Li told the reporter of China Times that among Suzhou's three loosening policies, the policy of restricting sales was not as strong as that of restricting purchases, and the impact of loosening on the market was not so great. The sales restriction has not been completely withdrawn, but it has been shortened from five years to three years, which is conducive to releasing the demand for changing houses, increasing market supply and promoting a virtuous circle of new and second-hand houses. "This time, the restriction on sales has not been cancelled, which highlights Suzhou's cautious attitude in policy adjustment. It is a small step and a high frequency, which gradually penetrates into the market and gradually improves expectations. " Li said to him.
It should be noted that Suzhou is only a microcosm of the recent relaxation of purchase restrictions: according to the incomplete statistics of the reporter of China Times, as of April 6, five cities, including Lanzhou and Quzhou, had relaxed their property market regulation policies in the first six days of April.
Li told the reporter of China Times that the strength and scope of the property market rescue policy have been significantly expanded recently, from the previous minor troubles (such as housing subsidies and increasing the amount of provident fund) to loosening or canceling the restrictions on purchases and sales. The standard for the first suite has changed from "recognizing the house and accepting the loan" to "recognizing the house and not accepting the loan". The scope has spread from the third-and fourth-tier cities in the mainland to cities with higher energy levels, such as Zhengzhou, Fuzhou, Lanzhou and Harbin. , including Suzhou this time.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, also pointed out that from the situation of deregulation in cities such as Lanzhou, Nanjing and Suzhou, policy loosening began to enter new first-tier cities from second-tier cities. Previously, Zhengzhou, Harbin, Fuzhou and other cities began to loosen, but they all belonged to weak second-tier cities. "Now it has actually entered a strong second-tier city or a new first-tier city, which is a very important change." Yan Yuejin told the reporter of China Times: "From this perspective, the biggest significance of policy loosening is that the policy coverage is increasing, or it also means that other new first-tier cities or strong second-tier cities will also be loosened."
Li believes that regulation is a short-term measure to "go against the wind and stabilize market fluctuations". Combined with the fundamentals of the property market and the importance of steady growth, there is no doubt that a new round of policy loosening has arrived, and the intensity of loosening, saving the market or stimulating will increase.