2017 is about to pass, and the regulation policies of the real estate market in 2018 have become a topic of public concern. On the 23rd, Minister of Housing and Urban Rural Development Wang Menghui stated at the National Conference on Housing and Urban Rural Development that differentiated regulation policies will be implemented next year to meet various needs, support the improvement of demand, and curb speculation in housing. At the same time, the task of destocking is deepening and entering a new stage of county-level destocking.
Unrelaxed regulatory efforts: maintaining policy continuity
In 2017, according to statistics from the Zhongyuan Real Estate Research Center, as of now, 110 cities in China have issued more than 250 regulatory policies.
Through measures such as purchase restrictions, loan restrictions, price increases, sales restrictions, and commercial restrictions, the national real estate market has cooled down and remained stable this year. According to data from the National Bureau of Statistics, starting from May, Shanghai and Beijing experienced zero month on month growth in housing prices, while Shenzhen experienced a month on month decline in housing prices; In November, new house prices in 11 hot cities fell back to a year ago, and the cooling of transactions in these cities was even more pronounced.
Implement the latest deployment of the Central Economic Work Conference. When it comes to the regulation of the real estate market next year, Wang Menghui emphasized that we must adhere to unwavering regulatory goals and unwavering efforts, improve long-term mechanisms to promote the stable and healthy development of the real estate market, maintain the continuity and stability of real estate market regulation policies, focus on classified regulation of the real estate market, and promote the stable and healthy development of the real estate market.
"The regulatory goal of balanced development in the real estate market will not change." Lou Jianbo, director of the Real Estate Law Research Center at Peking University, told China News Network reporters that only by implementing differentiated regulation based on "city specific policies" can the continuity and stability of regulatory policies be achieved, and specific measures will be moderately adjusted according to market trends.
The National Conference on Housing and Urban Rural Construction proposed to increase efforts to regulate and rectify the real estate market order, strengthen market monitoring and analysis, improve the ability and level of precise regulation, and further strengthen the main responsibility of local governments.
Differentiated regulation policies: supporting demand improvement and curbing speculation in real estate
When emphasizing that "we will not waver in our regulatory goals and do not relax our efforts," Wang Menghui stated that next year, differentiated regulatory policies will be implemented for various needs, to meet the needs of first-time buyers, support improvement needs, and curb speculation and speculation in real estate.
Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute, predicts that the policy of meeting the first set of essential needs will remain unchanged, and supporting improvement needs may be slightly relaxed. It is not ruled out that there may be policy adjustments in the recognition of the first and second sets of housing, as well as the division of ordinary and non ordinary housing.
Strict purchase and loan restrictions became the standard means for many cities to tighten the real estate market in 2017. According to statistics from Zhongyuan Real Estate, more than 50 cities have joined the camp of purchase and loan restrictions this year, and some cities have even experienced multiple rounds of policy upgrades.
Taking Beijing as an example, the current down payment for the first home is not less than 35%, and the first non ordinary self occupied housing is not less than 40%; The down payment for a second home is not less than 60% for ordinary self occupied housing and not less than 80% for non ordinary self occupied housing; The maximum loan term is 25 years. Meanwhile, the mainstream commercial loan interest rate for the first home is 1.1 times the benchmark interest rate, while for the second home