Stabilize market expectations
On July 8, the Xi Housing and Urban-Rural Development Bureau issued the Notice on Establishing a Reference Price Release Mechanism for Second-hand Housing Transactions, clarifying that real estate brokers and real estate sales service personnel are not allowed to speculate on housing prices in the name of "school district housing" or "degree housing"; Relevant institutions involved in all aspects of second-hand housing transactions should take the reference price of second-hand housing transactions as the reference basis.
At the same time, real estate intermediaries and real estate network information publishing platforms are required to remove second-hand housing with inflated prices; Xi real estate transaction management center takes residential quarters as a unit, fully refers to the transaction price and evaluation price of second-hand houses, and forms the reference price of second-hand houses through investigation and analysis.
On the same day, Chengdu announced the reference price of the second batch of second-hand housing transactions in residential areas.
On July 9, Shanghai added price information verification based on the implementation of housing verification. The relevant person in charge of Shanghai Housing Management Bureau said that the implementation of second-hand housing price verification is an important measure to further standardize and rectify the business behavior of real estate brokerage institutions and real estate information service platform enterprises and strengthen the regulation and supervision of the real estate market.
In early February this year, Shenzhen launched the second-hand housing reference price mechanism. Regarding the reason why Xi 'an established a reference price release mechanism for second-hand housing transactions, Xi Housing and Construction Bureau said that it would guide the rational transaction of second-hand housing and stabilize market expectations.
Judging from the situation in Shenzhen, in early February, a document was issued to establish a mechanism for releasing the reference price of second-hand housing transactions, and at the same time, the reference price of second-hand housing transactions in 3595 residential quarters in Shenzhen was released, which was later used as a reference for mortgage loans by many banks.
Ping An Securities pointed out that since Shenzhen implemented the guidance price in February, the monthly turnover of second-hand houses has fallen for three consecutive days. In June, the transaction volume fell below 3,000 sets, down nearly 80% year-on-year. Generally speaking, this mechanism has an obvious effect on restraining the excessive rise of house prices and stabilizing market expectations. It is not excluded that more hot cities will introduce the second-hand housing reference price mechanism.
Strengthen supervision
According to the monitoring data of Zhuge Housing Search Data Research Center, in June, the average price of second-hand houses in 100 key cities increased by 0. 19% month-on-month and 1.95% year-on-year. Compared with May, there were 13 cities with month-on-month increase, and the average increase rate narrowed by 0. 1 percentage point.
From the perspective of specific cities, Ordos ranked first with a month-on-month increase of 2.74%, while Wuhu, Taizhou, Xi 'an and Shanghai rose by 2.7 1%, 2.4 1%, 2. 16% and 2.06% respectively. Top 10 cities are mainly concentrated in the Yangtze River Delta, Pearl River Delta and Northwest China, and the second and third tier cities have increased significantly from the previous month.
The data shows that in June, the average price of first-tier cities rose by 0. 14%, while Shanghai and Beijing rose by 2.06% and 0.29% respectively. The average price of second-tier cities increased by 0.07% month-on-month, and the growth rate narrowed by 0.47 percentage points compared with May.
Zhuge Housing Search Data Research Center said that since the second quarter, the heat of the second-hand housing market has risen, and prices have risen for three consecutive months. Overall, the average price of the second-hand housing market has risen steadily.
According to institutional statistics, in the first five months of this year, the real estate industry was regulated more than 234 times, and the second-hand housing market policies were intensively introduced to promote the stable and healthy development of the property market. Some analysts said that the second-hand housing market may usher in cooling down by superimposing the reference price mechanism.
Lian Ping, chief economist of Zhixin Investment and dean of the research institute, said recently that mortgage loans have been tightened and local government regulation has been strengthened. It is expected that the upward trend of house prices will weaken in the second half of the year.
Mortgage interest rate rises
Recently, some banks in Hangzhou, Guangzhou and other cities have raised mortgage interest rates, and the lending cycle has also been extended. TF Securities pointed out that the real estate market was hot in the first quarter of this year, and the demand for second-hand houses represented by school districts was released by buyers in core cities, and the property market was hot. The rapid growth of second-hand housing market transactions has led to credit expansion.
Xicheng District, Beijing recently asked all institutions to strengthen the management of housing release, and not to release housing with school districts as selling points; Standardize the management of business undertaking, and do not accept the entrustment that the price is obviously higher than the market price; Strengthen the management and training of employees, organize learning in time, strictly implement relevant regulations, and shall not participate in any activities that speculate on school districts.
It is worth mentioning that Shenzhen Housing and Construction Bureau recently issued the "Shenzhen Housing Development 20021Year Implementation Plan", which plans to pre-sell and sell commercial housing in 20021year with an area of 6 million square meters, about 60,000 sets. The document clearly states that we will continue to strictly implement the "New Shenzhen Eight Articles" control policy, and strictly implement the "Five Limits" policy of restricting purchases, sales, loans and apartment types to ensure that all control measures are put in place. At the same time, strengthen the linkage control of second-hand housing to ensure that the reference price policy for second-hand housing transactions is in place.