On July 15, Shenzhen Housing and Construction Bureau and other eight departments jointly issued the Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market in Our City (hereinafter referred to as the Notice), which strengthened the regulation of the property market from eight aspects, including purchase restriction, loan restriction and tax adjustment. Among them, one of the most powerful measures considered by the market is to tighten the qualification of household registration residents to buy houses and plug the loophole of "loans settled in real estate speculation".
According to industry analysts, if the above-mentioned control measures can be strictly implemented, Shenzhen housing prices will start to drop sharply in the second half of the year, with an estimated drop of more than 5%.
Shenzhen's "eight-sided attack" regulates the property market and blocks the loophole of "settling in real estate speculation"
Since April this year, the real estate market in Shenzhen has been active, and the price of second-hand houses has risen too fast. In some hot spots, the phenomenon of snapping up new houses and inflating the listing price of second-hand houses has aroused widespread concern.
On July 15, Shenzhen issued the Notice, which strengthened the regulation and control of the property market from eight aspects, such as adjusting the limited purchase period of commercial housing, improving differentiated housing credit measures, giving play to the role of tax regulation and refining the standard of ordinary housing.
The New Deal of Shenzhen property market is considered as a "heavy blow" to real estate speculators. Among them, the "heaviest punch" is to tighten the housing conditions of registered residents, from "you can buy a house when you settle down" to "you can buy a commercial house after you have settled in this city for three years and paid taxes or social security for 36 months".
Shenzhen Housing and Construction Bureau introduced the background of this policy: in recent years, people can buy houses when they settle in Shenzhen, which has aggravated the contradiction between supply and demand in the market to a certain extent, which is unfair to citizens who have settled in Shenzhen and worked in Shenzhen for many years in the early days. Therefore, in the context of tight housing supply and demand, the housing purchase policy of registered residents should be appropriately tightened to effectively support reasonable self-occupation demand.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, told China Net Finance that Shenzhen is the "leader" of the latest round of property market rise in China, and the upgrading of regulatory policies is expected. Moreover, the speculative atmosphere in Shenzhen property market is strong, and the introduction of policies will obviously hit investment demand.
Zhang Dawei said that in the past, it was relatively easy to obtain the qualification of buying a house in Shenzhen, and most real estate speculators obtained the qualification of the first home loan by settling in Shenzhen. This policy upgrade requires social security for three years, which will effectively crack down on some real estate speculators.
"The content of the New Deal covers many aspects such as taxes and fees, housing purchase qualifications and credit policies. If strictly implemented, it will have a great impact on the Shenzhen property market. " Zhang Dawei said that if the policy is strictly implemented, it is expected that in the next six months, the proportion of investment houses in Shenzhen will plummet, and house prices will start to drop sharply, with a drop of more than 5%.
Since the second half of the year, many cities have stepped up the regulation of the property market, and the Shenzhen New Deal has released an important "signal"
In the first half of this year, in order to hedge the impact of the epidemic, the property market policy focused on "saving enterprises", "helping enterprises" and loose funds. In addition, the demand for buying houses accumulated during the epidemic was released when the epidemic prevention and control situation improved, and the property market went out of a wave of warming in May and June.
However, in the second half of the year, new changes have taken place in the regulation of the property market.
Since July, in just a few days, Hangzhou, Dongguan, Ningbo and other cities have stepped up the regulation of the property market. Hangzhou has standardized the relevant requirements for high-level talents to give priority to the purchase of houses, and made it clear that newly-built commercial houses purchased by high-level talent families in this city shall not be listed and traded within five years from the date of online purchase. Dongguan restarted the "price limit" for new houses, intensified efforts to crack down on property hoarding, and strictly regulated the subscription of commercial housing. Ningbo expands the scope of restricted purchase areas and strictly controls floor land prices.
"In general, the common point of the policies introduced by these cities is that the property market is hot, house prices have risen significantly, and there has been a hype atmosphere." Zhang Dawei said.
First-tier cities have always been regarded as the "wind vane" of the national property market. The industry believes that the New Deal in Shenzhen property market has a "strong signal significance".
Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that the new policy of Shenzhen property market indicates the future policy direction. Although affected by the epidemic this year, real estate transactions are under great pressure. However, we should also see that housing prices in some cities have risen too fast, which is not in line with the policy orientation of "housing and not speculating".
Yan Yuejin believes that the purpose of the new regulatory policy is to further promote market stability and prevent speculation. Other cities where house prices have risen too fast will also have regulatory policies.