Original title: Hefei completely cancels purchase restrictions and sales restrictions. Industry: It may lead the recovery of other second-tier cities.
After Zhengzhou, Jinan, Qingdao, Shenyang, and Dalian completely lifted purchase restrictions, another second-tier city, Hefei, followed suit and completely lifted purchase restrictions. On September 15, the Hefei Municipal People’s Government issued the “Notice on Further Optimizing Real Estate Regulatory Policies” (hereinafter referred to as the “Notice”), clearly adjusting the purchase restriction policy, sales restriction policy, credit policy, and price policy.
Zhang Hongwei, founder of Jingjian Consulting, believes that Hefei is one of the first and second-tier cities in the country with less inventory pressure on the property market, and the relationship between supply and demand is relatively healthy. After the purchase and sale restrictions are completely lifted, Hefei’s property market is expected to recover first, ahead of other second-tier cities.
According to industry insiders, after the purchase and sale restrictions are completely lifted, Hefei’s property market may be the first to recover and recover ahead of other second-tier cities. Picture/IC photo
The above-mentioned “Notice” shows that ordinary home buyers who purchase housing (including second-hand housing) in Hefei urban area will no longer be reviewed for home purchase qualifications. At the same time, the sales restriction policy has also been adjusted. Properties whose sales registration start time is after the announcement of the notice (including the day) can be listed for trading after obtaining the real estate certificate. However, if commercial housing in special circumstances such as talent apartments needs to be listed and traded, it will still be implemented in accordance with relevant policies and contracts.
Regarding Hefei, Zhang Hongwei said that Hefei is a potential stock from the perspective of urban development, and Hefei’s property market will definitely be a potential stock in the next round of market recovery. As far as Hefei’s current property market is concerned, it is one of the first and second-tier cities in the country with less inventory pressure on the property market, and the relationship between supply and demand is relatively healthy. Coupled with the upgrading of Hefei’s industrial structure and the continuous upgrading of urban energy levels, Hefei’s population siphon effect on surrounding cities has become increasingly obvious.
“After Hefei lifts purchase and sale restrictions, it is expected to lead the recovery and recovery ahead of other second-tier cities. The supply and demand relationship in Binhu District is the most tense and is expected to lead the rise in the new round of market recovery.” Zhang Hongwei said.
At the same time, the “Notice” emphasizes the implementation of the latest requirements of the national credit policy, adjusts and optimizes the differentiated housing credit policy, reduces the existing first-home loan interest rate; gives full play to the regulatory role of the market, encourages high quality and low prices, and cancels the floor price difference limit for commercial housing.
“Adjusting the price policy is also a good thing for Hefei’s property market. High-quality projects are no longer subject to the price difference policy, which will drive the recovery of Hefei’s property market.” Zhang Hongwei said, “Of course, Hefei also has areas with greater destocking pressure, such as Changfeng Outlying counties such as Feidong and Feidong are under the greatest pressure, followed by Feixi and Xinzhan. Other regions do not have such great destocking pressure.”
In addition, in terms of strengthening housing security, the “Notice” mentioned that on the basis of giving full play to the basic security role of existing public rental housing and affordable rental housing, plan and build affordable housing to promote the stable and healthy development of the real estate market and the improvement of people’s livelihood.
Relaxing purchase restrictions will help restore market expectations
Although Hefei’s market performance among second-tier cities has been relatively good, it is still facing considerable market pressure this year. According to housing price data for 70 cities in August released by the National Bureau of Statistics on September 15, the sales price of new homes in Hefei fell by 0.2% month-on-month and increased by 2.3% year-on-year in August; the sales price of second-hand houses in Hefei fell by 0.3% month-on-month and decreased by 1.8% year-on-year in August. .
In this regard, analysts from the China Index Research Institute believe that the Hefei land market was in a period of vacancy in August. Only one high-quality residential land parcel in Luyang District was sold, and both supply and demand in the land market dropped significantly. At the same time, the Hefei property market in August The overall sluggish trend continues. The pace of new home supply has increased significantly. However, customers have insufficient confidence in home buying. The transaction volume continues to hover at a low level. Although hot projects represented by Binhu District and Baohe District continue to trigger lotteries, the overall opening sales rate has dropped significantly. The market The phenomenon of “hot and cold” differentiation has further intensified.
Although positive real estate policy signals have been continuously released since the end of August, and the policies of “recognizing houses but not loans” and lowering interest rates on existing mortgages have been implemented, the Hefei real estate market has yet to show signs of full recovery.
It is reported that Hefei’s last purchase restriction policy is Hefei’s “Eight New Deals” issued in 2021, which means that households with registered residence in the city who own two or more houses within the urban area are suspended from purchasing in Binhu New District, Government Affairs and Culture New District, and High-tech Industrial Development Zone. Purchase second-hand housing within the school district of designated schools and other areas. However, Hefei’s purchase restriction policy has been “relaxed” several times since then. Before the introduction of this new policy, the areas involving purchase restrictions included the Government District, Binhu District, High-tech Zone, as well as Economic Development Zone, Luyang, Shushan, and Baohe.
Regarding the complete cancellation of purchase restrictions in Hefei, local industry insiders believe that this is expected. The comprehensive lifting of purchase restrictions will help boost market confidence and restore market expectations. It is expected that the favorable policies will be reflected in the weekend market.
It is worth noting that an increasing number of cities have recently lifted purchase restriction policies. According to incomplete statistics from the Zhuge Data Research Center, nearly 30 cities across the country have relaxed purchase restriction policies so far. Among them, 11 cities including Dongguan, Foshan, Shenyang, Jiaxing, Dalian, Nanjing, Lanzhou, Jinan, Qingdao, Zhengzhou, and Hefei have completely canceled purchase restriction policies. Nearly 20 cities, including Suzhou, Tianjin, Changsha, Hangzhou, and Wuhan, have implemented relaxations for local areas, groups or housing types, and it is expected that more cities will join this ranks in the future.Return to Sohu to see more