2014-07-07

Many Cities Secretly Considering Buying Restriction Ease

An easing of buying restrictions could come in the second half of the year as many cities are considering taking this step. The article goes on to quote a real estate insider who says the policy gradually lost effectiveness and may only account for about 10% of the market now. The greatest impact will be in how it shapes market expectations.

多地暗中研究放松限购 下半年或现取消限购潮
Hohhot cancel the purchase after successfully pass through a number of cities to see the hope of crossing the red line purchase, explicitly or implicitly adjust to relax the restriction of market regulation policies.

"Policy is expected to purchase more than 30 cities during the year will likely be canceled." Central Plains real estate chief analyst Zhang Dawei said, because the overall economy, a lot of the property status of the city of Hohhot similar restriction relaxation needs are very urgent, in addition to first-tier cities, and more than 10 million purchase of the city's population will continue to exist, the possibility to cancel the purchase of many cities are larger.

In fact, Hohhot June 27 Kusakabe text acquiescence to cancel the purchase, less than a week later, came news of Jinan purchase of deregulation.

In this regard, Jinan Urban and Rural Construction Committee website, responded that "the city to be on the current real estate market regulation policy adjustments. Promote the healthy and stable development of the real estate market in Jinan City, the city is considering the purchase of existing commodity housing policy to adjust the way, to be After determining the implementation. "

At the same time, developers began forwarding mutual Wuhan Housing Authority to relax the restriction of the meeting content screenshots. Specifically: Wuhan City Housing Authority said it would relax the third suite of local residents and outsiders to buy two suites policy; limits of the first set of bank loan interest rate does not fall to undertake mortgage business; while non-malicious developers cut prices to fall 15% to interviews, to fall 20% will stop net signed.

So far, said Zhang Dawei, visible dampen down the lead after the government land sales difficult, relaxed regulation voice is very high. In view of this, overtly or covertly around the deregulation policy after another, the outlook is expected to occur frequently.

It is noteworthy that, want to cancel the purchase of the policy of the city with high inventories, slow import foreign population and other common factors. Jinan example, according to Centaline Property Research Department statistics show, Jinan total contracted residential property market in the first half was 20,753 units, compared with 30,974 units in 2013 down 33% over the same period, while the copy number of new homes available for sale has increased by 10,000 units.

"Since 2011 the implementation of the purchase, the actual effect has been diminishing." Insiders told reporters that the restriction period is one year in many cities to meet this condition is not difficult. From the purchase of the proportion of the factors influencing the market point of view, has been less than 10%. In addition to Beijing and Shanghai cities, other cities are basically settled the difficulty and the ability to match buyers. In this case, third and fourth tier cities, second-tier cities and even the purchase of the policy impact on the market is not large.

Notably, the greater symbolism to cancel the purchase, this "curve bailout" action is likely to be interpreted as steering market expectations, then part of the city, or to stimulate the real estate market.

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