According to the national cumulative data, in 2022, more than 80 cities have issued new policies to stabilize the property market, including second-and third-tier hotspot cities such as Suzhou, Fuzhou, Zhengzhou, Harbin, Qingdao and Guangzhou.
"Compared with the overall tightening of real estate regulation in the first quarter of 2002/KLOC-0, the property market policy in 2022 was obviously relaxed." Analyst Zhang Dawei believes that the main content of this policy is to promote the release of just-needed and improved demand. However, from the effect point of view, the confidence of buyers has not fully recovered, and the market activity is still insufficient.
On the whole, the real estate control policy in early 2022 continued the policy direction in the fourth quarter of last year. With the stability of credit policies, policies to stabilize the real estate market have been issued frequently. The most typical policy content is to reduce credit down payment, loose provident fund policy, talent subsidy and housing subsidy.
This policy direction can be roughly divided into six categories: emphasizing support for reasonable housing demand and reasonable capital demand; Direct subsidies for buying houses, including talents, migrant workers and new citizens; Loose provident fund has become a market trend, and more than 10 cities such as Fuzhou, Zhuzhou and Beihai have adjusted their provident fund policies. Attract talents and directly relax restrictions on settlement; Some cities began to pay 20% down payment for the first suite; The policies of restricting purchases and sales in some cities have also begun to be adjusted.
"With the gradual stabilization of the policy, the personal mortgage data has stopped falling, which is expected to gradually stabilize the market." Zhang Dawei said.
The data shows that in the first quarter, the sales amount decreased more than the sales area, and the sales area and amount in the eastern region decreased by 20.9% and 27.7% respectively, which were 6.9 percentage points and 5 percentage points higher than the national level. "This shows that the decline in property market transactions in the eastern region is more obvious, leading to a structural decline in house prices." Li, an expert in the property market, believes that the average price of commercial housing in China in the first quarter was 9552 yuan/square meter, which has been continuously 1 1030 yuan/square meter decreased 14 months. Among them, there are factors such as the general price reduction of new houses and the price limit of hot cities, as well as structural price decline caused by the decline in transactions in the eastern region.
"Top-down rescue policies followed, and hot cities began to rescue developers, stimulate demand, and loosen external purchase restrictions. Bank credit lines are increasing, interest rates are still falling, and commercial housing sales will show a stable trend in the second quarter. " Li analyzed.