After the Spring Festival, the local government's supporting measures and regulatory policies for the property market were released. On February 26, the Nanjing Development and Reform Commission issued "Nanjing adheres to the policy of stable housing price control", proposing that Nanjing has adopted a series of measures to control housing prices during the period of rapid housing price rise to prevent the risk of ups and downs. In the future, we will adhere to the real estate market regulation and control policy and will not relax.
According to statistics from the Kerry Research Center, nearly 20 cities across the country have fine-tuned the regulation of the property market. The characteristics of “because of urban policy and classification guidance†are more prominent.
Since January of this year, cities such as Haikou, Guangzhou, Xi'an, Dalian, and Changzhou have successively issued talent introduction policies. For example, Haikou relaxed the academic age limit for talents to settle in; Xi'an canceled the age limit for the placement of undergraduate students; Guangzhou relaxed the restrictions on the settlement of imported talents. According to industry analysts, the new policies for talent introduction in these cities will have a short-term positive effect on the local real estate market.
Yang Kewei, a researcher at the Kerry Research Center, believes that although the property market policies have been adjusted to varying degrees, the main factors are the local conditions, and the fundamentals of “staying and not speculating†have not changed. Combined with the new policies of settled in various places, the essence is to optimize the population structure and drive the development of the local property market with real living needs.
It is worth mentioning that from the performance of project deconstruction rate in 20 typical cities across the country since February, the decontamination rate of most cities has continued the downward trend, only Wuhan, Nanning, Zhengzhou, Nanjing, Shenzhen, Changzhou, etc. The opening rate of urban projects has been significantly improved.
"With the fine-tuning of some cities' property market regulation, the recovery of local land markets and the retreat of some project prices, some cities have seen a slight rebound in housing prices in the short term and a small number of projects selling well, but it is difficult to change the general trend of downward adjustment of the overall market." Ke Wei said.
In general, the real estate policy in 2019 is basically stable, and the characteristics of “sports and classification guidance†will be more prominent, and market differentiation will be intensified in different cities. Specifically, first- and second-tier cities are expected to stabilize at a low level, and the market performance will be better than that of the third and fourth-tier cities. Some weak second-tier and third- and fourth-tier cities with poor purchasing power, poor economic base and lack of population support will face greater risk of de-conversion.
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