Attention!In January 2022, real estate regulation was carried out 66 times nationwide, with stability as the main theme
During the whole month of January, the real estate regulation and control policies were intensive across the country, and the accumulative number of real estate regulation and control policies exceeded 66 times. Please see the details at the end of this article.January 2022 is the largest number of real estate regulation since 2021.This is a 57 percent increase from January 2021, when the number of real estate regulation policies reached 65 in December, the highest number in recent months.There were 56 real estate controls in November, 48 in October and 62 in September.)Overall, the real estate regulation policies at the beginning of 2022 continue the policy direction of the fourth quarter compared with the previous. With the stabilization of credit policies, local real estate policies to stabilize the property market are frequently released. The most typical policies are the loose provident fund policies, talent subsidies and purchase subsidies.On the whole, in January 2022, from the central government to local provinces and cities, all introduced policies to stabilize the property market.From the market, with the emergence of the bottom of the policy, the bottom of the market also gradually began to close.The 66 real estate policies adopted in January 2022, the most recent record, are characterized by the following aspects: First, the central government stresses the importance of housing rather than speculation to fully release the housing demand of residents.The central government has always adhered to the principle of “housing and housing prices not speculation” unchanged, and adhere to the “three goals” of stabilizing land prices, housing prices, and expectations.Promoting supply-side structural reform of housing;Implementing urban renewal initiatives;We will take action to build a beautiful countryside.To achieve carbon neutrality at peak levels;Promote the transformation and upgrading of the construction industry;Promoting reform, innovation and the rule of law;Strengthening party building “eight aspects of work.Second: credit policy gradually began to ease, the housing market rate cut stable market expectations January 20, the central bank announced that China’s January 1-year loan market quoted interest rate (LPR) was 3.7%, 3.8% last month, down 10 basis points.The market quoted rate (LPR) for five-year loans was 4.6 per cent, down 5 basis points from 4.65 per cent last month.Although the rate cut is only 5 basis points, but the overall property market is affected by the rate cut, the market purchase demand gradually reversed the downward trend.There are signs of stabilization in the market.The central emphasis on “housing not speculation” and “three stability” goals, to guard against systemic financial risks of the bottom line appears at the moment the housing market is the most important reason for a comprehensive cliff type decline is credit queuing, buyers of mortgage loans, and developers of development loans, the basic comprehensive tightening, resulting in a cliff type decline in the market.In November and December, including January, the central bank and other departments have recently made intensive statements, and the market expects a return to normal credit performance.Overall, the market mortgage gradually to the direction of stable development.Since the fourth quarter of last year, monthly mortgage policy gradually returned, began to affect the market, the market gradually returned to smooth.Mortgage backlogs eased in most cities.Third: the local government to stabilize the property market, provident fund and other policies are more and more.On January 18, zigong Housing Fund Management Center of Sichuan province issued a notice on adjusting housing fund policy.The “notice” mentioned to relax the number of housing identified policy, the implementation of only recognize loans do not recognize the housing identified standards.Commercial housing loans with neither housing provident fund loan record nor outstanding settlement shall be implemented according to the first house loan policy;If there is one settled housing provident fund loan record or one unfinished commercial housing loan, it shall be implemented according to the loan policy of the second house, and the loan record shall be subject to the credit investigation report. Otherwise, the third house shall not be lent.Nanning raised the cap on provident fund loans to 700,000 yuan.Beijing housing accumulation fund management center and the Beijing housing urban and rural construction committee jointly issued by the housing accumulation fund support for the Beijing notice the comprehensive improvement of the old district of Qingdao city housing accumulation fund management center issued jiaodong economic circle on the optimization and adjustment of housing accumulation fund transferring and foreign loans policy notice of housing accumulation fund refers to state organs, state-owned enterprises, urban collective enterprises,Long-term housing savings deposited by foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions and their on-the-job staff and workers.The definition is very clear, all source is the wage form of the worker entirely, include the direct capture that half is worker salary among them to put, the other half is the unit to put for worker capture.Provident fund policy is the most cost-effective market rescue tool that can be implemented by local governments. In addition to the limited amount, commercial bank loan policy needs to be issued by the central bank, while provident fund policy can be implemented by local governments.The low amount of provident fund will not affect the speculation of home buyers. Most of the provident fund is used for the immediate needs and improvement of home buyers. For local governments, the choice of loose provident fund policy can send a signal of stabilizing the property market to the market.Policies to subsidize rental and purchase of houses in various areas of the country continued to gain momentum. Kunming, Yulin, Zhuhai, Baoding, Huzhou, Bozhou and Luzhou introduced policies to subsidize rental and purchase of houses for talents, migrant workers and new citizens.Restrictions on household registration were relaxed, and the threshold for household registration continued to be relaxed, attracting more people and injecting fresh vitality into the property market.Fifth: Compared with previous years, the adjustment of the real estate market has a long game period, and the real estate market is slow to decline. In this round of market, because many large real estate enterprises are restricted in financing channels, and the mortgage lending at the sales end is slowing down, the adjustment of the real estate market is very fast, which has set a new historical record from the speed of price decline.But with the gradual stability of the policy, especially from October to December, the stabilization of credit policy, the central bank continues to release the stability information, personal mortgage data has stopped falling, for the market, is expected to gradually stabilize, the bottom of the market is expected to accelerate after the bottom of the policy.At present, credit overhang has eased significantly in many cities, and prices are expected to continue to fall in December, but the market is expected to stabilize gradually in the first quarter of 2022 as the biggest factor affecting the housing market recently, mortgage loans, gradually ease.First – and second-tier cities will be the first to emerge from the downturn.