On January 30, the Shanghai Municipal Housing and Urban-Rural Development Management Committee and the Shanghai Municipal Housing Administration jointly issued the Notice on Optimizing the Housing Purchase Restriction Policy in the City, stipulating that from January 31, non-residents with household registration in the city who have paid social insurance or individual income tax for five consecutive years or more can purchase one house in areas outside the outer ring (except Chongming District).
Released in Shanghai.
Previously, non-Shanghai household registration singles needed to meet the "5-year social security + married" condition to buy a house, but now the "married" condition has been cancelled.
The person in charge of a leading real estate brokerage in Shanghai told Blue Whale Finance, "The area outside the outer ring accounts for about 60% of the city's ** volume and transaction volume, and there is sufficient space for buying houses, which can better meet the needs of relevant groups for the first home or just need a house." ”
Previously, Shanghai had successively relaxed the property market purchase restrictions in Fengxian District, Qingpu District, Jinshan District, and Lingang New Area, among the five major new cities.
On the same day, Blue Whale Finance learned from the Suzhou Municipal Bureau of Housing and Urban-Rural Development that from now on, there will be no restrictions on the area and number of units for buying new and second-hand houses in Suzhou, and the qualification review will no longer be done for house purchases.
It is worth noting that the two-year sales restriction policy for new houses in Suzhou is still being implemented after obtaining the property certificate.
In fact, from September 2023, Suzhou has implemented an "unlimited purchase" policy for commercial houses with an area of more than 120 square meters, and new and second-hand houses in the six districts of the main city and the surrounding four districts are not limited to purchases with an area of 120 square meters, and only three sets of properties below 120 square meters can be bought.
The unlimited purchase is more favorable to buyers with improved and high-end improvement needs, driving the transaction volume of more than 120 square meters in the fourth quarter of 2023 **month-on-month**. Jin Ke, a senior analyst at the Suzhou Branch of the China Index Research Institute, expects that the opening of the purchase restriction will open up the demand side and have a certain positive effect on Suzhou to attract more foreign talents.
In the view of Wang Xiaochang, chief analyst of Zhuge Data Research Center, Suzhou's comprehensive liberalization of purchase restrictions is based on its own market conditions, "Suzhou is an industrialized city, and the foreign population accounts for a large proportion, and the full liberalization of purchase restrictions has enhanced the activity of the local market and promoted the stable and healthy development of the overall property market." ”
Wang Xiaochang predicts that the complete cancellation of purchase restrictions in Suzhou has released a great positive signal, and more hot second-tier cities will follow up in the future.
From the perspective of market performance, Suzhou has entered the era of stock housing, and the transaction scale of second-hand houses is greater than that of new houses. According to the monitoring data of Zhuge Data Research Center, a total of 42,410 new houses (residential) in Suzhou will be traded in 2023, a year-on-year decrease of 3954%；64,558 second-hand residential units were sold, up 26% month-on-month46%, overall, new and second-hand homes will fall by 117%。
As of January 30, 2024, the number of second-hand housing listings in Suzhou exceeded 220,000 units. From the perspective of housing price level, Suzhou housing prices are also showing a trend, and the average market price in Suzhou in December 2023 is 28,437 yuan square meters, down 07%, down 343%。
The complete cancellation of the purchase restriction in Suzhou is also in response to the previous meeting of the Ministry of Housing and Urban-Rural Development to let cities adjust their real estate policies according to local conditions.
On January 26, the Ministry of Housing and Urban-Rural Development held a meeting on the deployment of the urban real estate financing coordination mechanism, which required that the new situation of major changes in the supply and demand relationship of the real estate market should be adapted, and the construction of a new model of real estate development should be accelerated. It is necessary to adhere to city-specific policies, precise policies, and one city, make good use of the policy toolbox, fully give urban real estate regulation and control autonomy, and cities can adjust real estate policies according to local conditions.
The following day, on January 27, Guangzhou issued a notice to further optimize the policies and measures for the stable and healthy development of the city's real estate market, and the purchase of housing with a construction area of more than 120 square meters (excluding 120 square meters) within the scope of the purchase restriction area is not included in the scope of the purchase restriction. This is also another first-tier city that has relaxed housing purchase restrictions after Fengxian District and Qingpu District in Shanghai relaxed restrictions on talent purchases.
Data**: Middle Finger Hospital.
According to the statistics of the China Index Research Institute, only Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Tianjin, Xi'an, Hangzhou, Hainan Province and other places still maintain purchase restrictions, and some cities such as Guangzhou and Chengdu implement purchase restrictions in the area segment.
Jin Ke expects that in the future, all localities will continue to optimize demand-side policies, and Beijing, Shanghai and Shenzhen are expected to refer to Guangzhou and Chengdu to optimize the purchase restriction policy for large areas, and optimize the purchase restriction in accordance with the way of implementing policies according to the region and needs; Core second-tier cities may completely cancel purchase restrictions; More low-energy cities may promote the release of housing demand through the issuance of housing purchase subsidies and other means.