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Two Or Three Line Property Market At The End Of August Restricted &Nbsp; Some Cities Have Panic Buying Houses.

2011/8/17 8:38:00 31

Two Or Three Line Purchase Panic Buying At The End Of August

"Golden nine silver ten" is the most powerful real estate market.

Sales season

In 9-11 months and three months, sales in many cities are nearly half that of the whole year.

However, there is a professional agency analysis, the government will by the end of August, the two or three line city real estate market implementation of "restriction", to suppress the possible property market "golden nine silver ten" market rebound.


According to the Central Plains of Beijing revealed that, according to the requirements of the Ministry of construction, before August 20th, the provincial housing office needs to submit the report on the real estate market regulation in the first half of the city to the Ministry of housing, and whether necessary measures are taken.

Home purchase restrictions

It will also be included in this report.


Jiangsu provincial housing and construction department responsible person confirmed that by the end of July, the Ministry of housing has issued notices to the provincial, municipal and autonomous region's real estate authorities, asking all localities to check the "five criteria" first, and to draw up a list of two or three line cities that need to be included in the restriction scope.

Its "five criteria" are: according to the 70 big and medium cities housing price index released by the National Bureau of statistics, the cities in the forefront of rising house prices; all cities in the province will have a relatively high housing price in June this year compared with the housing price at the end of last year; the cities with higher two or three cities in the first half of this year; the cities with higher volume of year-on-year turnover; the cities with higher proportion of foreigners buying houses; the cities where the masses react strongly to the local housing prices, and think that the regulation policies are not implemented effectively or not.


In response to the "restriction" problem, Zhongyuan Real Estate recently made a survey of 50 cities in 15 provinces and two or three cities that have not yet been "restricted".

The survey shows that, since most of the 50 two or three tier cities are still in the initial stage or rising stage of the real estate market development, the demand for home ownership is still the main demand of these cities. Therefore, the volume and paction price of these cities in the first half of 2011 are less affected by the current round of regulation and control, and the market remains the original development trajectory.


But it is noteworthy that in the 50 cities surveyed, no one city's housing prices have fallen.

The housing prices of 37 cities rose slightly, while the prices of the remaining 13 cities were basically flat. The 13 cities in the same level were distributed in 7 provinces, namely, Jiangsu, Liaoning, Shandong, Zhejiang, Hubei, Hunan and Yunnan provinces respectively.


Limited by the surrounding core cities

policy

Some of the two or three tier cities have undertaken some investment or home demand from these core cities.

For example, as Xiamen of Fujian province introduced the policy of "restriction on purchase", some investment demand turned to Quanzhou. Because of the restriction policy of Beijing, some foreign workers could not buy a house in Beijing, instead, they turned their attention to Langfang, Yanjiao and other places in Hebei.


Another notable problem is that the proportion of unrestricted investment in cities is too high.

The proportion of local property investment in 18 cities with 50 non restricted cities is more than 20%, and the proportion of investment in cities between 10%-20% is 14. The proportion of local investment in the remaining 18 cities is less than 10%.

The 18 cities with more than 20% investment share are two or three tier cities in economically developed provinces, including Changzhou, Zhenjiang, Kunshan and Taicang in Jiangsu province; Weifang, Weihai, Yantai and Zibo in Shandong province;

50 out of the "restricted" cities, 14 cities outsiders purchase more than 20% of the proportion, the proportion of outsiders purchase 10%-20% accounted for 12 cities, the remaining 24 cities outsiders purchase proportion less than 10%.


At present, it is generally believed that the introduction of the restriction policy is already a "nail in the face". However, the policy of the two or three tier cities' property purchase has not been landed yet, and the society has already talked about it. Obviously, the restriction policy of the two or three line cities will directly reflect the final result of the game between the local interests and the regulators.

Analysis of the industry, if the regulation policy to maintain the status quo, it is likely that the purchase of the city by the purchase of the impact of the rise in the rebound also rebounded.

After the news of the expansion of the restriction policy was issued, panic buying houses have appeared in many cities recently.

In view of the fact that China's two or three tier cities have bigger development in the real estate market.

Diversity

The "purchase restriction" policy should not be "one size fits all", but for the cities with relatively high demand for purely foreign investment, the "restriction" policy should be adopted as soon as possible.


 

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