From the launch of housing with common property rights in late July to the release of new regulations on local auction at the end of July, Hangzhou has continuously issued regulatory policies in recent January.
On August 5, Hangzhou once again “patched” the regulation of the real estate market, greatly raised the purchase restriction threshold, further improved the sales management of new houses, and standardized the market order.
Hangzhou Housing Authority said that according to estimates, the new deal will reduce the “room ticket” by about 30%. After the introduction of the policy, the reporter learned from many inquiries that the number of wechat house buyers of many popular buildings to be opened in Hangzhou has decreased sharply.
Property market regulation “patching”
According to the new deal, two consecutive years of social security or individual income tax are required for less than five years of settlement, and four consecutive years of social security or individual income tax are required for non Hangzhou local accounts to qualify for house purchase. The purchase loopholes of college students who have been criticized have been blocked, and speculative tenants have to exit.
At the same time, in the new deal, if the buyer provides false information, conceals the real situation or maliciously interferes with the notarized lottery sales, the qualification for house purchase will be cancelled within 3 years.
For developers, even if the intended customers of the project are insufficient, they need to sell houses online according to the ranking of social security or individual income tax payment years, which eliminates illegal transactions such as project bundling sales. As long as there are more than two applicants for LiuYao real estate, they have to enter the notarization lottery process to determine the house selection order. Only the remaining houses can be freely disposed of by the developers, and the market order is more fair and transparent.
In fact, as a new first tier city with rapid development momentum, the transaction price and volume of second-hand houses in Hangzhou have reached a new high; However, since this year, with the heavy attack of policies and the continuous rise of loan interest rates, since April, the trading volume of second-hand houses has continued to decline month on month. In July, the trading volume was only 6314 sets, almost reaching the lowest point in the same period of nearly five years. The cooling of houses in hot areas and school districts is more obvious, and the volume and price have fallen together.
Wang Yuchen, director of Beijing jinv law firm, told the Securities Daily: “the increase of the purchase restriction threshold can cool the property market in Hangzhou to a certain extent. The overheating degree of the property market in Hangzhou is no less than that in other first tier cities. It really needs to take strong measures to cool down.”
E-House Kerui believes that the new deal is neutral as a whole. The main means is to further patch on the basis of purchase restriction, and the main purpose is to guide the market to return to rationality. The target population targeted by the new deal is limited, and there are no more effective measures to “release the guidance price of second-hand housing and include Lin’an into the scope of purchase restriction”. It is difficult to achieve rapid cooling of the market in the short term.
“Red disk” spell social security years
It is worth mentioning that Hangzhou added the social security period to the purchase restriction rules for the first time. This new rule is similar to the “social security points” in the new deal of new house points Yaohao in Shanghai at the beginning of this year.
article links：Hangzhou will pay social security for the first time
Reprint indicated source：Spark Global Limited information