Will Quzhou house purchase restriction policy be cancelled?

On April 2nd, the Quzhou Municipal Government of Zhejiang Province published the Notice on Promoting the Healthy Development of Urban Real Estate Industry. Quzhou cancels the policy of restricting purchases and sales. The strength of Quzhou's relaxation this time is largely related to the market situation in Quzhou and previous policies. From the policy point of view, Quzhou is a city that has frequently tightened its policies in recent years, even more severe than Jinhua in the surrounding area.

1, the purchase restriction policy. In the past, foreigners needed 1 year social security to buy a house, and enterprises were prohibited from buying a house. However, according to the new policy, this restriction was cancelled, that is, they enjoyed the same rights and opportunities as local registered buyers.

2. In terms of the sales restriction policy, the five-year sales period was cancelled, that is, in the past, the subscription of large-sized units would have a five-year sales period, but now it does not exist. The cancellation of the "two limits" in Quzhou this time reflects the direction of loosening the local market, which will further reduce the concerns of buyers, promote the activity of the housing market, and have a positive effect on the destocking of housing enterprises.

What do you mean by canceling the purchase restriction?

The purchase restriction means that local household registration units cannot buy a third suite, and foreign household registration units cannot buy a second suite. Foreign household registration units shall provide social security or tax payment certificates for several consecutive years, and the specific years shall be implemented according to local policies. Cancelling the purchase restriction naturally means canceling this policy.

The cancellation of the property market purchase restriction is indeed a consideration to boost the local economy. It is a natural choice to activate the real estate market and let real estate drive the recovery of downstream industries. Other provinces also face similar growth challenges to varying degrees. However, this does not mean that the property market will inevitably see extensive growth again.

People's purchasing power will not be improved because of the cancellation of the property market purchase restriction. People who have the ability to buy a house can buy a house through other channels even if they don't cancel the purchase restriction. Those who can't afford a house can only look down on the property market. The high threshold of property market transactions limits its transaction volume, and the stimulating effect of canceling the purchase restriction on people's purchase may be less than that of implementing the purchase restriction. If the transaction volume cannot rise, the prosperity of the real estate market will be limited.