The property market in the two major online celebrity cities is now loose! You can buy a house for six months without an account.

The warm wind of policy continues. Recently, dozens of cities have loosened the property market, and the policy content is more comprehensive, but the overall energy level of cities still needs to be improved.

Suzhou recently issued a signal that the real estate control policy is loose. In terms of purchase restriction, the purchase conditions of non-local registered households have been adjusted from 24 months of accumulated social security payment in the previous three years to 6 months of continuous social security payment; In terms of sales restriction, the transfer period of new houses was adjusted from 3 years to 2 years, and the transfer period of second-hand houses was adjusted from 3 years to no longer limit the number of years. This news was confirmed by Suzhou Real Estate Transaction Management Center.

The fine-tuning policy of Changsha, another popular city, has lowered the threshold for improving home purchase. The interval between families buying a second set of commercial housing in the restricted purchase area of Changsha is calculated by four years. The determination of the time of buying a house not only recognizes the online signing for the record, but also recognizes the registration of ownership. Previously, the policy restriction was that the real estate ownership certificate of the first commercial house in the family had been purchased for 4 years or the house transaction contract was signed online.

Changchun, which has experienced a round of epidemic, has issued 20 policies and measures, involving five aspects: adjusting credit policies, reducing the financial pressure of enterprises, supporting green channels, promoting market transactions, and strengthening market supervision, including reducing the down payment ratio of provident fund loans in stages, encouraging commercial banks to explore the issuance of real estate trust and investment funds (REITs) products, and adjusting the supervision policies for pre-sale funds of commercial housing.

In addition, nearly 20 cities such as Lianyungang, Shangrao, Meizhou, Zhuzhou, Yueyang and Ganzhou have also loosened their policies recently. From the perspective of regional distribution, the energy levels of these cities are not high, except Suzhou, Changsha and Changchun, which are mainly in third-and fourth-tier cities.

The policy content embodies the characteristics of "combination boxing", involving down payment, adjustment of mortgage identification standards, reduction of mortgage interest rate, relaxation of provident fund, housing subsidies, optimization of pre-sale fund supervision and so on. Cinda Securities Research Report pointed out that local policies have been relaxed since this year, but the relaxation policies introduced by more cities are relatively simple. After the recent Politburo meeting supported local governments to improve their real estate policies according to local conditions, Luoyang, Zhongshan and Leshan successively introduced comprehensive relaxation policies.

According to the incomplete statistics of the Central Reference Institute, since 2022, more than 100 cities in China have made more than 200 optimization and adjustment of real estate policies. Especially since April, the pace of introducing policies in various places has obviously accelerated. In April, more than 70 cities issued policies more than 100 times, which was significantly higher than that in1-March. The policies were further extended to optimize restrictions on purchases, loans and sales, and hot first-tier and second-tier cities also joined the ranks of policies.

However, the Central Reference Institute believes that the overall policies of hot-spot first-and second-tier cities are not strong, and the restrictions on purchases and loans are relaxed for some regions or specific groups, with narrow coverage and limited boost to the market; Most third-and fourth-tier cities are not limited to purchase. This year's optimization policy is more about adjusting the provident fund, granting housing subsidies, and relaxing the settlement. The boosting effect on the market is not obvious.

At the central level, the central bank, China Banking Regulatory Commission, Shenzhen Stock Exchange and Shanghai Stock Exchange have made intensive statements recently. The central bank said that it will implement the macro-prudential management system of real estate finance; The China Banking Regulatory Commission said that it will not blindly lend, cut off loans, and suppress loans, keep real estate financing stable and orderly, and do a good job in financial services for mergers and acquisitions of risk disposal projects of key real estate enterprises; The two exchanges also indicated that they should support the reasonable financing needs of real estate enterprises.

It will take time for the policy effect to be transmitted, and the recent property market sales are still light, continuing the downward trend. According to the research data of Ke Rui, the transaction area of commercial housing in 30 key monitoring cities decreased by 18% in April, and the year-on-year decline expanded to 58%. During the May Day holiday, the cumulative turnover of 50 key monitoring cities was 447,500 square meters, down 80% year-on-year. At the enterprise level, the overall performance scale of the top 100 real estate enterprises in May 438+0-April decreased by 50.2% year-on-year, and the decline was further expanded compared with the first quarter.

Kerry research believes that whether the real estate market can really stabilize depends on the implementation of more stimulating policies, especially the down payment ratio of second homes in core cities, in order to effectively activate relatively abundant improved housing consumption. It is expected that the core city market will bottom out in the third quarter, and the adjustment cycle of third-and fourth-tier cities will be longer. Only when the markets of first-and second-tier cities are stable can third-and fourth-tier cities be stable.

The warm wind of policy continues. Recently, dozens of cities have loosened the property market, and the policy content is more comprehensive, but the overall energy level of cities still needs to be improved.