In 2011, Hohhot, Mongolia issued a purchase restriction policy

In 2011, a large-scale "purchase restriction order" policy swept across the country, and property market panic suddenly appeared all over the country. Hohhot, the provincial capital of Inner Mongolia, naturally followed the national call. Join this "limited purchase team".

On March 31, 2011, Hohhot City, Inner Mongolia, officially issued a purchase restriction order: for families registered as residents in this city (including families with some family members registered as residents in this city, including both husband and wife) who already have one house. and minor children), households not registered in this city are limited to purchasing one house (including newly built commercial housing and second-hand housing). The policy also stipulates that residents within the scope of the "Hobao-Baotou Urban Agglomeration Planning (2010-2020)" enjoy the policies of this city's residents when buying houses in the city's urban area.

On April 18, 2012, at a symposium on urban construction investment and healthy development of the real estate market in the Inner Mongolia Autonomous Region, the Hohhot Municipal Government planned to supplement the housing purchase restriction policy to encourage owner-occupied housing and curb speculative investment. For the purpose of purchasing a house, residents registered in the autonomous region will be treated as residents registered in this city.

For those who bring in various types of professional and technical personnel from outside the area to purchase houses, they must provide proof of social security payment instead of proof of employment in the city; apply for inheritance, bequest, gift, demolished house relocation and resettlement, Housing reform, divorce and property settlement, and court-adjudicated housing are not subject to the housing purchase restriction policy. At the same time, the utilization rate of the housing provident fund and the loan limit will be increased. The loan limit for a single employee will be increased from 300,000 yuan to 400,000 yuan, and the loan limit for a dual-income family will be increased from 400,000 yuan to 500,000 yuan, thereby improving residents' ability to purchase houses.

What is the effect of the purchase restriction policy implemented in Hohhot, Inner Mongolia?

View from Yu Guangjun, Director of the Economic Research Institute of the Inner Mongolia Academy of Social Sciences: Restricting large-scale real estate speculation

Purchase restrictions are just one of the country's various financial policies. The Huban purchase restriction order actually only restricts large-scale real estate speculation, or sets up some obstacles to large-scale real estate speculation. However, with the overall background trend currently, will there be a huge influx of money into the real estate sector? This restriction makes no sense.

The current property market situation in Hohhot City, judging from our research methods, if it is just a purchase restriction without other policy intervention, the purchase restriction order issued at the end of March 2011 is obviously not a purchase restriction policy. Judging from the specific requirements, urban residents within the Hohhot-Baotou urban agglomeration who come to Hohhot to buy houses are treated as residents of Hohhot and enjoy the policies of residents of this city. This basically shows that most people in the western part of the autonomous region can buy houses in Hohhot. Suite housing. This time, the proposed supplement to the housing purchase restriction policy will treat residents with household registration in the autonomous region as residents of this city. In the past, when people in these places bought a house in Hohhot, they had to think about whether Hohhot would allow it. Now they can buy with confidence. How many people are there? It’s hard to think whether the market is popular or not! In addition, people across the country can buy a house in Hohhot and enjoy first-time home loans and other benefits. So, the purchase restriction only applies to second-hand houses.

As far as this policy is concerned, by the end of 2011, the country was shrinking, banks were tightening credit, raising the reserve ratio and other control measures. The overall economic growth slowed down and many companies were in recession. , another social capital is highly tight, causing the property market to be in a wait-and-see state.

In addition, after the promulgation of the "eight national regulations", a series of regulatory policies such as price limits, purchase restrictions, loan restrictions, and interest rate increases have been launched in turn. Real estate regulation has entered a deep water zone, and the game between buyers and sellers has begun a "tug of war." ". In particular, the property tax policy, as part of the policy control package, has a certain overlap with the purchase restriction order. Since its introduction, it has had a certain impact on the purchasing psychology of the property market. These policies reflect the country's attitude. From this attitude, we can see that purchase restrictions are only a means.

(The above answer was published on 2013-06-28, please refer to the actual relevant current house purchase policies)

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