To this end, 2 1 Century Business Herald reporter called Dongguan Housing and Construction Bureau, and the staff said that foreign registered residents buy houses in non-restricted areas, which is consistent with the implementation policy of registered residents in this city, and there is no need to verify the qualification for buying houses.
Non-local residents can buy houses in non-restricted areas. Dongguan is not the first city to adjust this purchase restriction policy. Previously, Wuhan, Chengdu, Jinan, Dalian and other places also introduced similar policies.
Hefei, Qingdao, Hangzhou, Shenyang, Quzhou and other cities directly relax or cancel the social security and individual tax requirements for foreign registered residents to buy houses locally, lowering their threshold for buying houses. Zhangzhou, Pingshan, Xiangtan and other places encourage foreign residents to buy houses by granting subsidies or adding additional concessions.
Non-local residents can buy houses in non-restricted areas. Dongguan is not the first city to adjust this purchase restriction policy. Previously, Wuhan, Chengdu, Jinan, Dalian and other places also introduced similar policies.
"Localization" of Foreigners' House Purchase
Wuhan, Jinan, Dalian and other places lifted the purchase restriction in non-central areas. 2 1 Century Business Herald called the relevant local departments to confirm the qualifications of foreign registered residents to buy houses in the non-restricted areas of these three cities, and all the staff responded that foreign registered residents can buy houses in the non-restricted areas without restrictions.
Comparatively speaking, Hefei, Qingdao, Hangzhou, Shenyang, Quzhou and other cities have more clear regulations on lowering the threshold for foreign residents to buy houses, that is, by canceling the provision of social security and tax payment certificates, or shortening the continuous payment time of social security and tax payment, or allowing social security and tax payment, the threshold for foreign residents to buy houses is lowered.
If Hefei is clear, from June 24, non-Hefei residents can buy houses by paying social security and individual taxes. Hangzhou's "5 17" New Deal shortened the social security or individual tax payment requirement for non-Hangzhou registered residents to 12 months from 48 months. On April 29th, Shenyang issued a document announcing that if foreigners buy new houses in Shenyang, they will implement the policy of purchasing houses for registered families in Shenyang and cancel the social security requirements.
Similarly, second-tier capital cities lower the threshold for foreigners to buy houses, and different cities have different policies. For example, Shenyang policy focuses on the new housing market, while Hangzhou policy focuses on the second-hand housing market.
Jin Xichan, an expert from China Institute of Housing and Real Estate of Zhejiang University of Technology and vice president of Good Life Institute of Zhejiang University of Technology, told 2 1 Century Business Herald that different policies were introduced in different places because they followed the idea of "supporting local governments to improve real estate policies from local realities and supporting rigid and improved housing demand" and started regulation according to local actual conditions.
Jin Xixiang pointed out that the second-hand housing market in Hangzhou was in a downturn, so the government optimized the second-hand housing purchase policy in Hangzhou on the basis of maintaining the original policy of restricting purchases and loans as a whole. This can not only meet the rigid housing needs of non-local residents who have flowed into Hangzhou in recent years, but also promote the second-hand housing market in Hangzhou. Shenyang, on the other hand, is not optimistic about the new housing market, thus reducing the demand of foreign residents to buy new houses.
Unlike the aforementioned cities that lower the threshold for foreign residents to buy houses, Zhangzhou, Pingshan, Xiangtan and other places directly encourage foreign residents to buy houses by providing subsidies or extra concessions.
On June 20th, Zhangzhou issued a new policy on the property market, which clearly stipulated that non-Zhangzhou registered residents who came to Zhangzhou to buy new houses should be subsidized according to 0.7% of the total amount of each house transaction contract, and the maximum subsidy amount should not exceed 20,000 yuan. On June 28th, Pingshan proposed in the New Deal that non-Pingshan registered house buyers should be given a one-time subsidy of 100 yuan/square meter, with a maximum of10.5 million yuan per household. Xiangtan proposed in the New Deal released on May 20 that foreign registered residents and other groups buy new houses in Xiangtan for the first time, and housing enterprises can increase the discount floating promotion by no more than 5% on the basis of the original regulations.
On the whole, Jin Xihan believes that there are two main reasons why the government has introduced relevant measures to support foreign registered residents to buy houses. First, the current real estate market situation is not optimistic. By relaxing the purchase of houses by foreign registered residents, it will help boost the local real estate market; Second, major cities hope to attract and retain people by introducing relevant measures.
The policy effect varies from city to city.
According to incomplete statistics, by July 1 day, more than 180 cities and regions had issued policies to support the property market for nearly 500 times, among which
In May and June, the frequency of regulation in various places totaled nearly 300 times.
The measures introduced by some cities, such as optimizing or lifting the purchase restriction in some areas, reducing the down payment ratio, lowering the mortgage interest rate, and increasing the amount of provident fund loans, are objectively conducive to reducing the pressure on local residents and foreign residents to buy houses. However, from the perspective of policy content, it is more attractive to lower the threshold for foreign residents to buy houses and even provide subsidies or additional concessions for foreign residents to buy houses.
Generally speaking, in addition to relaxing regional purchase restrictions, local policies to support foreign residents to buy houses can be roughly divided into two categories. One is to lower the threshold for foreign residents to buy houses, mainly in second-tier cities such as Hefei, Qingdao, Hangzhou and Shenyang; The second is to provide housing subsidies or additional housing concessions to Zhangzhou, Pingshan and Xiangtan.
Third-and fourth-tier cities are dominant.
Meng Xinxin, an analyst with the Index Division of the Central Reference Institute, told the 2 1 Century Business Herald that, comparatively speaking, second-tier cities have better industrial bases and more attractive populations. Strict policies restrict foreign residents to buy houses, and appropriately lowering their purchase threshold will help release the purchasing power of foreign residents. In third-and fourth-tier cities, the industrial base and population attractiveness are relatively weak. Many cities are in a state of population outflow, the purchase restriction policy is not strict and unrestricted, and the available policy toolbox is limited. Therefore, some cities have increased their support for buying houses and encouraged foreigners to buy houses.
According to the data of the Central Reference Institute, in the first half of 2022, the transaction area of second-line representative urban commercial housing decreased by 42.0% year-on-year, and the transaction area of third-and fourth-line representative urban commercial housing decreased by 43.8% year-on-year; The price of new houses in second-tier cities has picked up, with a cumulative increase of 0.33%. The prices of new houses in third-and fourth-tier cities on behalf of cities continued to be low, and the prices of each month in the first half of the year fell back from the previous month. The market pressure in third-and fourth-tier cities can be seen.
Take Zhangzhou as an example. According to the data of local statistics bureau, the sales volume and sales area of commercial housing in Zhangzhou in May 2022 were 2,265,438+66 million yuan and 235160,000 square meters, respectively, down by 16% and 1.8% year-on-year. In the same period, the area of commercial housing for sale was 4.689 million square meters, a year-on-year increase of 27.6%, and the pressure of destocking increased.
Jin Xixi said that the policy of encouraging foreign residents to buy houses will stimulate the demand for rigid and improved housing to a certain extent, but it can only play a supporting role, and the overall policy effect is closely related to the economic situation.
Judging from interviews and transaction data feedback, the policy effect of supporting foreigners to buy houses varies from city to city. Recently, Huang Hua (pseudonym), a real estate agent in Zhangzhou, told 2 1 Century Business Herald that the real estate market in Zhangzhou is still cold recently. On June 20, Zhangzhou issued a policy to encourage foreign residents to buy houses, and the number of customers looking at houses increased slightly, but overall, the effect of the policy was not obvious.
It has been more than two months since Shenyang introduced the policy of lowering the threshold for foreign residents to buy houses. Tianxing (a pseudonym), a real estate agent in Shenyang, told 2 1 Century Business Herald that since June, the volume of new houses in Shenyang has increased, but house prices have not rebounded so far. According to the data of Shenyang Zhongyuan Research Department, as of July 3, the inventory of commercial housing in Shenyang was15.98 million square meters, and the decontamination cycle was about 2 1 month.
In contrast, the effect of Hangzhou's new policy of relaxing the threshold for foreigners to buy houses is relatively significant. According to the data of Hangzhou RealData, the average daily online signing volume of Hangzhou intermediaries in May increased by 7 1% compared with that before the New Deal. In the 30 days before and after the New Deal, the daily average number of newly listed houses increased by 57%, and second-hand shopping increased by 73%. However, the effect of the New Deal declined in June, and the number of newly listed second-hand houses was basically the same as that in May, down 6% from the previous month.
Under the background that the economy has not fully recovered and the real estate as a whole has not recovered, Jin Xihan believes that efforts can be made from four aspects to promote the stable and healthy development of the industry better and faster. First, some cities still have room to lower the mortgage interest rate, and they can continue to moderately relax the housing mortgage loan policy. Second, some cities can also increase the support for the first set of housing provident fund loans. Third, more cities can further stimulate the demand for buying houses by issuing subsidies for buying houses and deed tax subsidies. Fourth, second-and third-tier cities can combine attracting talents with preferential policies to boost the real estate industry, which is related to talents and urban development.
Legal basis:
Article 45 The pre-sale of commercial housing shall meet the following conditions:
(a) have paid all the leasing fees for land use rights and obtained the certificate of land use rights;
(2) Holding a construction project planning permit;
(three) according to the pre-sale of commercial housing, the investment in development and construction has reached more than 25% of the total investment in engineering construction, and the construction progress and completion delivery date have been determined;
(four) to the real estate management department of the people's government at or above the county level for pre-sale registration, and obtain the pre-sale permit certificate of commercial housing. The pre-sale of commercial housing shall, in accordance with the relevant provisions of the state, report the pre-sale contract to the real estate management department and land management department of the people's government at or above the county level for registration. The proceeds from the pre-sale of commercial housing must be used for related projects.