"Hot City" Home Prices Down YoY, No Widespread Easing Coming

A bit of contrast to the prior story about local governments trying to adjust policy in the face of a bursting bubble.

Caijing: 北京深圳等多城房价低于一年前水平 今年调控基调不变
Recently, the Department of Housing and reiterated, Nanjing, Chengdu and other places relaxed regulatory system misreading, our unwavering goal adhere to the regulation of real estate. This year will strictly implement control policies and measures to crack down on various illegal activities, resolutely curb speculative real estate, further implement the local main responsibility to ensure the stability of the real estate market.

While the tone of the continuation of the regulation, also continues to promote long-term mechanism. Jiang Daming, Minister of Land and Resources recently said that China will study the development of the ownership change, in line with the planning under conditions of non-real estate enterprises to obtain the right to use the land - residential land as a way to deepen the use of land for the construction and operation of rural collective construction of rental housing pilot, promote the establishment of multi-agent supply, hire purchase multiple channels simultaneously protect the housing system, the entire population and housing. The government will no longer be the sole provider of residential land.

No comments:

Post a Comment