Recently, first-tier cities such as Guangzhou and Shanghai have successively introduced policies to relax purchase restrictions, which has aroused market attention and heated discussions. Is the introduction of these policies to better meet the reasonable housing needs of residents, or to stimulate the transaction and ** of the property market? What is the impact and prospects of these policies on the property market? This article will analyze the following aspects.
The background of the relaxation of purchase restrictions in first-tier cities is mainly affected by the following factors:
At the national level, the Ministry of Housing and Urban-Rural Development has fully given autonomy to urban real estate regulation and control, and encouraged all localities to implement policies according to the city and formulate reasonable regulation and control measures according to the actual local situation.
At the city level, first-tier cities are facing problems such as population aging, brain drain, and slowing economic growth, and need to optimize housing supply to attract and retain talents, promote industry-city integration, and enhance urban vitality and competitiveness.
At the market level, the property market transaction volume and ** in first-tier cities are showing a downward trend, the demand side is suppressed by policies such as purchase restrictions, loan restrictions, and price restrictions, and the supply side is restricted by resources such as land, capital, and credit, and the market activity and expectations are low.
The relaxation of purchase restrictions in first-tier cities is mainly aimed at the appropriate relaxation of the housing purchase conditions for non-local residents, as follows:
Guangzhou: Since January 27, the purchase restriction on housing over 120 square meters has been lifted, and non-residents with household registration in Guangzhou can purchase one house within the city.
Shanghai: Starting from January 31, non-Shanghai residents who have paid social insurance or individual income tax for five consecutive years or more in Shanghai can purchase one house outside the outer ring (except Chongming District), and the original restriction on single non-Shanghai household registration will be lifted.
Suzhou: Since January 31, the city-wide housing purchase restriction policy has been lifted, and the area and number of units for house purchase are no longer restricted.
The impact and prospects of the relaxation of purchase restrictions in first-tier cities need to be viewed from two dimensions: short-term and long-term.
In the short term, the relaxation of the purchase restriction policy in first-tier cities will have a certain stimulating effect on the transaction and ** of the property market, but it will not cause large fluctuations and speculation. There are several reasons for this:
The relaxation of the purchase restriction policy is mainly aimed at the appropriate relaxation of the housing purchase conditions of non-local household registration residents, rather than the complete cancellation of the purchase restrictions, and there is no major change in the housing purchase needs and ability of local household registration residents.
The relaxation of the purchase restriction policy is only a part of the regulation policy, and other policies such as loan restrictions, price restrictions, and sales restrictions are still effective, which have a certain binding effect on the funds and expectations of home buyers.
The relaxation of the purchase restriction policy has only been adjusted for some areas of first-tier cities, rather than fully liberalized, which has a certain impact on the balance of supply and demand in the market and regional differences.
In the long run, the relaxation of purchase restrictions in first-tier cities will have a certain effect on the development and structure of the property market, but it will not change the fundamentals and trends of the property market. There are several reasons for this:
The relaxation of the purchase restriction policy is to better meet the reasonable housing needs of residents, not to stimulate speculation and speculation in the property market, which is in line with the positioning that houses are for living, not for speculation.
The relaxation of the purchase restriction policy is to promote the regional job-housing balance and industry-city integration, rather than to expand the scale and population of the city, which is in line with the goal of sustainable development and optimization of the city.
The relaxation of purchase restrictions is aimed at attracting and retaining talent, rather than increasing the city's housing prices and incomes, in line with the requirements of the city's vitality and competitiveness.
To sum up, the relaxation of purchase restrictions in first-tier cities is a city-specific policy and precise regulation measure, which is not only conducive to meeting the reasonable housing needs of residents, but also conducive to promoting the sustainable development and optimization of cities. For the impact and prospects of the property market, there may be a certain stimulus in the short term, but it will not cause large fluctuations and speculation; In the long run, it may have a certain promoting effect, but it will not change the fundamentals and trends of the property market. Therefore, for home buyers, it is still necessary to make rational choices and decisions according to their actual situation and needs, and do not blindly follow the trend and impulsiveness.