The real estate regulation and control is deepening, and the pattern of all-round control is more and more obvious.
Since February 2021, Shenzhen has been taking the first “reference price for second-hand housing transaction” as the wind vane. Many cities follow up the policy. The real estate regulation and control is continuing to deepen, and the pattern of all-round control is more obvious.
According to incomplete statistics, and Wuxi City, which announced the second-hand housing transaction reference price mechanism on July 26, has implemented the second-hand housing reference price system in seven cities, including Shenzhen, Ningbo, Chengdu, Xi’an, Shanghai, Shaoxing and Wuxi.
In addition, yanyuejin, research director of think tank center of the Research Institute of Yiju Research Institute, told reporters that at least nine cities in the country have focused on the regulation and control of the price of used housing, which involves severe beating the behavior of owners to bid up the house price, establishing the information release mechanism of used housing price, and increasing the price information verification.
From the “four limits” (price limit, purchase restriction, loan restriction and sale restriction) of new houses to “price limit” of second-hand houses, it means that the regulatory policy begins to bite down the hard bone of the second-hand housing market, which is “no grasp, no tools and difficult to supervise”.
Several analysts reported to the 21st century economy that the promotion of the reference price system for second-hand housing transactions has become the most important policy in the stock market this year. Considering the good effect of the previous urban policy, it is not excluded that the subsequent landing in more hot cities will be excluded. In the future, the national house prices may fluctuate in a narrow range.
The Yihan think tank further pointed out that the real estate control policy in the first half of 2021 has a parallel length and a clear trend of all-round and systematic. That is, the long-term mechanism of real estate market regulation and control is constantly landing, and the short-term control tools are gradually systematized, and overall, it will develop into all-round management and control.
Heat control with two pipes
“New housing price limit often leads to the hot city to appear a second-hand floor price plate upside down.” Ping An Securities analyst Yang Kan said that unlike the government can limit the price of new houses in the acquisition of new housing pre-sale certificate or land transfer, the ownership of second-hand houses lies in residents, and the listed and transaction prices cannot be restricted through the above policies.
The difference between the two leads to the stimulation of “buy as you earn”, a large number of demand for just need, improvement demand release in advance, and the demand for overlapping investment in the market, further promoting the market heat of new housing. Since this year, Xi’an, Hangzhou and other hot cities are more than the phenomenon of “shaking the number of thousands of people” in new houses.
And it’s a vicious circle. In the hot new housing market, “difficult to sign”, families unable to meet the demand for purchase, are forced to enter the second-hand housing market, and further promote the price of second-hand housing.
“It is difficult to control the price of new houses without controlling the second-hand houses.” Liyujia, chief researcher of Guangdong housing policy research center, told reporters that the first-hand housing price upside down also contributed to new and speculative speculation.
Two months before Shenzhen issued the reference price for second-hand housing transaction, Shenzhen has seen the community owners issuing collective price hike speech through wechat group, maliciously hyping the second-hand house prices, and the competent departments have interviewed the relevant parties and suspended the online signing procedures of the second-hand houses in the district.
“Considering the traditional control measures such as new house price limit, it is difficult to suppress the market heat of second-hand housing, and the second-hand housing market needs to be standardized.” Yang Kan said that after the implementation of the reference price mechanism for second-hand housing transactions, Shenzhen’s second-hand housing transactions fell sharply, and the heat of the property market stabilized.
Shenzhen second-hand housing listing index fell 74% month on month in February, although there was Spring Festival holiday in February, from the performance of the following months, the second-hand housing listing index remained very low.
Second hand residential transactions also dropped significantly, with the volume of 237000 square meters in June, which was significantly lower than the average of 683000 square meters last year, down 73.8% year on year.
Statistics from the Institute of housing change show that in January, Shenzhen’s second-hand housing transaction price was the highest, or 72436 yuan / m2. With the promotion of the reference price system for second-hand housing transaction, by June, the price of the second-hand housing transaction was 61500 yuan / m2, and the transaction price of the second-hand housing decreased by 15%.