Don’t be surprised that Beijing, Guangzhou and other hot cities issued their property market regulation policies on the 17th.
On the morning of the 18th, the National Bureau of statistics released the February property market data of 70 large and medium-sized cities.数据显示，这些楼市调控政策升级的城市新建商品房或二手房价格已触及“环比不涨”的红线。
From the current local policies, Beijing, Shanghai, Guangzhou, Shenzhen four first tier cities and Hefei, Xiamen, Nanjing, Suzhou, Nanchang five second tier cities have adopted the policy of “housing and loan recognition”.
Rising house prices in third tier cities
According to the Statistics Bureau, in February, the price of new commercial housing in the first tier cities rose slightly by 0.1% month on month, the second tier cities rose by 0.3%, and the third tier cities rose by 0.4%.In terms of cities, the housing prices in the third tier cities are leading the increase in the month on month.
According to the year-on-year data, the year-on-year increase in the price of new commercial housing in the third tier cities expanded slightly, with an increase of 0.3 percentage point in February compared with January.In the same period, the year-on-year increase of new housing in first tier cities and second tier cities showed a downward trend.
Xia Dan, researcher of Bank of communications Financial Research Center, said that in addition to the support of loose policy environment, the more direct factor for the rise of house prices in the third tier cities is to undertake the spillover demand after the regulation of core cities.
It is worth noting that recently, more and more third – and fourth tier cities have joined the army of purchase restriction.Since April, the proportion of down payment has been increased in cities such as Jiaxing in Jiangxi Province, Chuzhou in Anhui Province, and Sanya in Anhui Province.These hot third and fourth tier cities have a common feature, which are provincial sub central cities or distributed around the core cities in the urban circle.
According to the rough statistics of Shanghai Securities News, so far in March, 17 cities have launched or upgraded the purchase restriction policy.However, analysts generally believe that the scope of purchase restriction will continue to expand, and the implementation of regulatory policies may also be further enhanced.
Xia Dan said that the market should not underestimate the determination of real estate regulation.From the current situation, maintaining reasonable price elasticity is the primary task.Whether it is the first, second, third or fourth tier cities, any situation that deviates from the housing demand and the housing price rises sharply may lead to the rapid follow-up of regulatory measures.
She believes that the cities with the highest house price increase and the hot spots in the third and fourth tier cities and counties (especially the cities and counties in Hebei around Beijing, Dongguan and Huizhou around Shenzhen, Kunshan and Jiaxing around Shanghai, etc.) where the overflow effect of urban circle leads to the obvious increase of house price rise pressure have the possibility of upgrading the purchase and loan restrictions.