Third-Tier Cities Tighten Real Estate Regulations

iFeng: 七地发楼市新政 多限新购房再上市
Another wave of market regulation policies, and shift focus from a second-tier cities to second and third tier cities. September 22 to 23 in the afternoon, there have been Nanchang, Xi'an, Chongqing, Nanning, Changsha, Guiyang, Shijiazhuang 7 cities introduce new market regulation policies, Chongqing, Nanchang, Nanning, Changsha, Guiyang, Shijiazhuang 6 cities are new then make a limited purchase of housing on the market, ranging from 2-5 years time.

Asia-Pacific Urban Development Branch President Chen will keep the real estate yesterday in an interview with Beijing News reporter, he said that second-tier cities housing prices rose significantly, intensive introduction of restrictions on sale and other control measures, mainly in order to curb price gains.
Xinhua interprets: 新华社:2天8城楼市调控加码,释放什么信号?
So why these eight cities to be overweight regulation? Industry insiders believe that this round of regulation with a precision, "where prices rose significantly, points to where the regulation."

Reporters noted that this regulation to raise the capital city does not belong to more than 15 first- and second-tier cities hot spots, but recently a new round of price and trading volume rose city. These cities are mostly net inflow of population, there is upward pressure on prices, regulation of further tightening reasonable.

..."To give the market a clear signal that the market regulation will not relax for a period of time, will help guide market expectations." President Yang Research Institute is now home chain collar said.

Keer Rui Research Center analyst Yang Kewei that the impact of policies on the demand side restricted the biggest change is that the previous "urgent urgent buy sell" short-term psychological hold, by reducing transaction frequency, eliminating the short-term profit mentality, in order to curb investment speculative demand, in line with the central "room to live not fried" spirit.

Yang Kewei is expected in the short term, it will result in restricted or down real estate turnover, with elongated period of regulation, the possibility of some local developers to cut prices to take the amount of the increase is expected to more projects will accelerate the market.

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