Since the second half of this year, various “thresholds” and fancy “hammer” methods for the real estate market have sent the real estate market regulation policies of many cities to hot search again and again. Whether it is from the high-level focus for many times, or around the rectification of intermediaries, the establishment of second-hand housing guide prices, the optimization of land auction rules, the containment of divorce and house purchase, all indicate that there is no sign of relaxation in the regulation of the real estate market.
“The current real estate market regulation is obviously different.” Zhang Dawei, chief analyst of Zhongyuan Real estate, said that if most of the previous real estate market regulation policies were repeated, the recent real estate market regulation undoubtedly began to “move seriously”, and some regulation loopholes were “patched”.
For example, on August 5, Beijing announced that since August 5, if the husband and wife divorced and the number of housing units owned by the original family before the divorce did not meet the provisions of the city’s commodity housing purchase restriction policy, neither party shall purchase commodity housing in the city within three years from the date of divorce. It is worth noting that although Beijing tightened the divorce house purchase policy as early as 2017, the restrictions at that time focused more on the credit policy and did not regulate the house purchase qualification.
According to the relevant person in charge of the Beijing housing and Urban Rural Development Commission, only recently, about 14% of housing transactions belong to divorced families. This may not only affect the regulation effect of the real estate market, but also easily produce a series of legal risks and moral risks.
Zhang Bo, President of anjuke Real Estate Research Institute branch, said that in the past two years, many cities have blocked the loophole of “divorce to buy a house”. With the improvement of Beijing’s “divorce to buy a house” policy from the purchase qualification, it indicates that its regulation is being tightened rhythmically.
On August 5, Hangzhou and Chengdu offered a “double cannon” in terms of optimizing house purchase qualifications. Specifically, Hangzhou further strengthens the regulation of the real estate market mainly from three aspects: strengthening the purchase restriction of housing, improving the sales management of new commercial housing and standardizing the market order; Chengdu is for the masses to reflect that “preventing registered residence through the transfer of household registration, social security access to the same position, as well as the way to get the purchase qualification through the gift” and other circumstances, strengthen the management of gifts, optimize the qualification review of housing, and standardize the behavior of taking the purchase of qualifications.
“On the whole, the new policies in Beijing, Hangzhou and Chengdu are aimed at improving real estate transaction rules and blocking speculative loopholes, which are more protective than restrictive for ordinary home buyers.”
Yang Kewei, deputy general manager of Kerui Research Center, told the Securities Daily that from the recent local regulation policies, the rules are becoming more and more specific, and show the characteristics of targeted governance and dynamic regulation. That is, if the policy effect is less than expected, it will be added in time, which makes the current real estate market regulation tend to be high-frequency. For example, since the beginning of 2021, Chengdu has issued six new property market policies, and Shanghai has increased its weight nine times.
According to the statistics of Zhongyuan Real Estate Research Center, in the first seven months of this year, the national real estate regulation reached 352 times, with an average of 50 times per month.
The above-mentioned experts interviewed said that from the content of the regulation policy, in addition to continuously optimizing the purchase qualification, in the new measures of continuous innovation in the real estate market regulation this year, the transaction reference price mechanism of second-hand houses is expected to become the wind vane of the real estate market regulation. According to the reporter’s incomplete statistics, up to now, 10 cities such as Shenzhen, Chengdu, Xi’an, Shanghai, Ningbo, Shaoxing, Wuxi, Dongguan, Jinhua and Quzhou have successively implemented the second-hand housing reference price system.
Yang Kewei said that based on the judgment that the regulation and control policies tend to be refined and high-frequency, for the hot cities that have introduced the new regulation and control policy in the early stage, if the effect after its implementation fails to reach the target, or new situations and problems arise, it is not impossible to further strengthen the regulation and supervision.