Sanya, Hainan Province, one of the regions with the strictest real estate regulation and control policies, recently heard the news that the purchase policy has been relaxed. The local new talent policy stipulates that full-time talents with college education or above can provide proof of working in Sanya, and I can apply for buying a suite without settling down. Compared with the previous property market purchase restriction policy that foreign buyers had to pay five years of social security or individual tax in Sanya, the new talent purchase policy greatly lowered the threshold for buying houses.
In addition to Sanya, Tianjin and Nanjing Liuhe District also introduced talent policies last week, partially relaxing the purchase policy. For example, the adjustment of the purchase restriction policy for foreigners in Liuhe District, Nanjing: as long as you have a college degree or above and provide a residence permit and academic certificate in Nanjing, you can issue a certificate of purchase in Liuhe Real Estate Registration Center, and you no longer need to pay two years of social security or individual tax certificates in the past three years. In June this year, Gaochun District of Nanjing has cancelled the requirement that foreigners need to "pay two years of social security or individual tax certificates in three years" when buying a house.
Although the purpose of the policy is to introduce talents, local governments have not directly relaxed the housing purchase restriction, but these policies have actually lowered the local purchase threshold and are expected to boost the property market.
According to the statistics of Ke Rui Research Center, since September, nearly 30 cities across the country, including Xinxiang, Luohe, Jincheng and Yichang, Hubei, have announced the cancellation of the restrictions on the settlement of talents, and the Shanghai Lingang Free Trade Zone has also lowered the threshold for talents to buy houses.
According to the statistics of Central Plains Real Estate Research Center, since 20 19, more than 150 cities in China have issued various talent policies, an increase of more than 40% over the same period of 20 18. Most of these policies are related to the household registration system, which reduces the threshold for local housing purchase to varying degrees.
Yang Kewei, deputy general manager of Ke Rui Research Center, pointed out that lowering the threshold for settling in Shanghai and Tianjin and relaxing the purchase restriction conditions are aimed at certain groups, and its core purpose is mainly to attract talents to enhance the competitiveness of the port area and better undertake Beijing's non-capital functional relief projects. Of course, with the activation of the demand for housing purchase by relevant groups, it also promotes regional real estate transactions.
However, some urban talent policies also have the meaning of "trusting the property market". Yang Kewei believes that most second-and third-tier cities, such as Shijiazhuang, Nanjing Liuhe, Henan Xinxiang, Shanxi Luohe, Jincheng, Hubei Yichang, etc., have implemented zero thresholds or lowered the threshold for buying houses, that is, "trusting the property market".
In addition to the talent policy, Chengdu, Wuhan, Yangzhou, Quzhou and other cities have relaxed the loan period or loan quota of the provident fund policy, slightly reducing the pressure on the property market.
Of course, under the control of "one city, one policy", policy relaxation is not the only direction. In late September, Beihai, Wuxi and other cities lowered the amount of provident fund loans, and the policies were slightly tightened.
It is worth noting that there are also rumors of relaxing the purchase restriction in Yanjiao and other places around Beijing. Rumors and fine-tuning are generally considered as signals of intensified game. Local governments are increasingly "scratching the ball" and testing the loose boundaries of supervision; Developers wait and see policy trends, hesitant to reduce prices to recover funds; Property buyers are also watching the policy trends and waiting for the opportunity to enter the market.
Industry insiders predict that the new housing market in many places is still in a stalemate. If the regulation is not obviously loosened, by the end of this year or early next year, there may really be a larger-scale price reduction promotion, which will drive a sharp drop in house prices.