Langfang officials to cancel the purchase restrictions and restrictions, can it be beneficial to the Beijing property market?

21st Century Business Herald Reporter Kong Haili Beijing report

New changes have ushered in the highly watched Huanjing property market.

Recently, the official website of Langfang Municipal Government released the "Langfang's solidly promoting a package of measures and supporting policies to promote the stable and healthy development of the city". ) Some, clearly cancel the qualifications for the current real estate market situation in the current situation of the real estate market, which clarifies the eligibility conditions of the current real estate market situation. Housing limited sale period requirements for residents' families.

The 21st Century Economic Herald reporter called Langfang City Housing and Construction Bureau on August 9 to obtain confirmation that Langfang City did completely abolish the real estate purchase restriction policy. Foreign household registrations were no longer limited by qualifications such as household registration, social security or individual taxes in Langfang. However, the staff responded further: "The specific implementation time of each county may have certain differences."

Regarding restrictions on sales measures such as "North Three County" and key areas (cities) around the Xiong'an New District, Langfang City Housing and Urban Construction Bureau staff also confirmed: "'North Three County' and Xiong'an's surrounding area of ​​the house buying houses. There is a demand for a limited sale, and there is no such problem now. "

Looking back at the development curve of the Huaying property market in recent years, from 2015 and 2016, the concept of "Huanjing" and the influx of large quantities of "speculators" was quickly heated up. By the high point in 2017, house prices doubled to nearly 40,000 After the introduction of the Langfang restriction policy, the transaction and price declined after the introduction of Langfang's purchase restriction policy. According to data from the Shell Research Institute, the average price of second -hand housing transactions in Langfang in July this year was nearly 60 % of the average price at the high point in 2017.

"Purchasing exit is no longer suitable for the current situation of purchase and restrictions, which is of positive significance." Industry insiders analyzed that Langfang's cancellation of purchase restrictions is a necessary measure to promote the stable and healthy development of the local real estate market in the context of the city's policy.

At the same time, when the current investment demand has exited, the recovery of transaction volume brought about by purchase restrictions will not cause the rapid rise in the Beijing property market. The level before the purchase ".

Lift the purchase restriction and end up

As early as April this year, the news of Langfang abolished the purchase restriction. It is reported that the Langfang Municipal Government abolished the "Langfang Municipal People's Government Office on the Implementation Opinions of Further Promoting the Stable and Healthy Development of the City" (hereinafter referred to as the "Opinions").

The "Opinions" was officially issued in June 2017, which is the policy issued by Langfang when upgrading the purchase restriction. The threshold for buying a housing purchase threshold for "3 years and above social insurance payments or taxation certificates" was set up. Local household registration families with more than or above housing are suspended to buy housing locally. At the same time, the minimum down payment ratio of the first house is 30%, and the minimum down payment ratio of the second house is 50%.

In response to this rumor, the 21st Century Economic Herald reporter called Langfang City Housing and Urban Construction Bureau on April 27 for verification. The staff said that he did not hear the above news and did not receive similar notifications. The relevant departments of the People's Government of Langfang City also stated that they did not receive similar notifications.

The 21st Century Economic Herald reporters have long followed the Langfang property market and found that in fact, the Langfang Municipal Government announced on June 17 the "Langfang's solidly promoting a package of measures and supporting policies for the city's economy and healthy development" The provisions have not been disclosed to the public, and it was not officially marked in the interpretation until August 5.

What is the implementation level?

Many real estate agents and new real estate salespersons in Langfang told reporters: "In fact, it was lifted in May this year, but it has not been officially announced recently." The above person said that the foreign household registration since May has been in To buy housing in Langfang, it is no longer necessary to submit social security or individual tax certificates.

This means that Langfang has implemented a five -year purchase restriction policy and officially ended its mission.

"Policies such as purchase restrictions and sales are the camera choices. When the property market is relatively hot and the investment demand is strong, these policies are started. On the contrary, it is normal to withdraw from these policies." Li Yujia, chief researcher at the Research Center, said that the phased withdrawal of Langfang withdrawing from purchase restrictions and sales restrictions has a positive significance of stable markets.

In addition to canceling the purchase restriction policy, the "Six Policies and Measures" also requires the reduction of the down payment ratio of the first house to 20%and lowered the mortgage interest rate. According to the reporter's understanding, the current down payment ratio of the first house in Langfang City is 20%, the mortgage interest rate is 4.25%, the down payment ratio of the second suite is 30%, and the mortgage interest rate is performed by 5.05%.

The property market around Beijing continues to decline

There have been "carnival" in the Beijing property market.

From 2016 to 2017, the property market around Beijing relied on Beijing to spill on self -occupation and investment needs. House transactions and house prices have rapidly heating up in a short period of time.

Take Yanjiao, a town under the jurisdiction of Sanhe City as an example. The status is about 30 kilometers east to the east of Beijing. Because many young people working in Beijing choose to live here, also known as "Beijing -Chongzhong Town", and some cannot bear Beijing Young people with house prices will also choose to "buy business" in Yanjiao.

At the time of the hottest Beijing property market, Yanjiao has a new opening project and even "one price a day". Several typical projects such as Seoul Sweet Castle, Tianyang City, Ouyi Waterfront, etc. have a significant average price. In 2017, the overall average price of Yanjiao doubled from about 15,000 yuan in 2015 to nearly 30,000 yuan, and the unit price of new residential housing for individual projects even reached 40,000 yuan. Not only the Yanjiao, the "North Three County" including the Sanhe, the Da Factory and the Xianghe, as well as the city of Langfang City, as well as Gu'an County, Yongqing County and other places.

The watershed appeared in June 2017. At that time, Langfang announced the upgrading of the purchase restriction policy.

According to the monitoring data of the Zhuge Housing Data Research Center, in 2016, 49820 units were sold in the newly -built commercial housing in the main urban area of ​​Langfang, and the transactions of the later year remained at about 10,000 units. Since the beginning of this year, the transactions of Huanjing Gu'an and Xianghe are sluggish. In the first half of the year, Langfang's transaction volume was only 6,763, only 40%of the transaction level last year.

In terms of housing prices, the monitoring data of Shell Research Institute shows that the average transaction price of second -hand housing in Langfang City in July this year was about 13,000 yuan/square meter, which was 15%from the average price of the same period last year. Essence At the end of March 2022, the average transaction price of Yanjiao residences was about 16,000 yuan. Compared with the unit price of nearly 40,000 yuan in 2017, it also shrunk significantly.

On August 9th, a new house project staff in the Tianyang City Business District of Yanjiao told reporters that his average price of his real estate is less than 20,000 yuan. There are many owners who buy houses when there are high house prices, waiting for the market to recover.

According to the data of the China Finger Research Institute, in June of this year, the average price of newly built houses in Langfang was 11697 yuan/square meter, a decrease of 0.37%month -on -month, a decrease of 0.15 percentage points from the previous month, a year -on -year decrease of 3.42%; the average price of second -hand housing was 11991 yuan/square meter Mi, a decrease of 0.23%month -on -month, narrowed by 0.09 percentage points from the previous month, a decrease of 2.09%year -on -year.

Tang Yan, a senior analyst at the Shell Research Institute, believes that the policies of the property market on the Beijing -Beijing property market have strictly superimposed the epidemic, which has led to the continued downturn of the Langfang real estate market. Previously, the regulation and control policy of the property market was not adapted to the current situation. Adjusting the restrictions on housing transactions was conducive to the real estate market. And the stable and healthy development of the overall economy.

The effect of heating back?

Talking about the cancellation of the impact of the purchase restriction on the transaction, the aforementioned Langfang real estate agent told the 21st Century Business Herald reporter that the transaction volume of new houses and second -hand housing has increased significantly, but the price has not changed.

"Before canceling the purchase restriction, the monthly trading volume of each agent in our store may be only one set. Now there is no restriction on buying a house in foreign countries. Some young people working in Beijing will consider coming to buy a house." The agent said.

The people who have already been in Huanjing Real Estate are indeed looking forward to the cancellation of the purchase restrictions. However, the industry in the industry is not optimistic about the recovery of whether the purchase restriction can bring back.

Zhang Dawei, the chief market analyst of Zhongyuan Real Estate, believes that the relaxation of the purchase restriction policy will indeed bring some heat to the Beijing property market such as Yanjiao, but it cannot completely reverse the overall trend of the Yanjiao market.

Chen Wenjing, director of market research director of the Index Division of the Medium Finger Research Institute, said that in recent years, Beijing housing supply has gradually increased, the cross -city commuting of Beijing has been affected to some extent, and the demand for spillover Beijing has gradually decreased. During the downlink, the rhythm of the market just to enter the market has also slowed down. "Even if the policy of restrictions on purchases is canceled, the boost effect on the trading market may be limited."

"The current market is fragile and is not optimistic about the future housing prices in the Beijing property market." Li Yujia also believes that Langfang's cancellation of purchase restrictions is difficult to bring substantial and trending demand to rebound.

It is worth noting that on July 28th, the Politburo Conference emphasized that "the real estate market must be stabilized, and the house insists on the positioning of the house to live and not to speculate. Sexual housing demand, compacting the responsibilities of local government, keeping the building and stabilizing the people's livelihood ", Langfang canceled the measures for purchase restrictions, and also echoed the trend of" the policy boxes were used to use a good policy tool box ".

"Langfang's cancellation of the purchase signal is of great significance. It is expected that in August, there may be more measures to use a good policy toolbox to land in August." Guojin Securities Analyst Du Haozhen said.

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