2014-07-30

Wenzhou Ends Buying Restrictions

In Wenzhou, non-residents will be treated equally with residents when it comes to purchasing real estate.

温州楼市限购全面解禁 外地户籍与本地待遇同等
Known as an important barometer of China's property market in Wenzhou, known officially fully liberalized property purchase .

"Wenzhou Metropolis" official microblogging news shows, July 29 afternoon, the Wenzhou Municipal Construction Committee held a news conference to announce the purchase of Wenzhou release housing policies, housing transactions are no longer registered in the verification of existing housing situation, the policy from introduced after the conference.

This is also in Zhejiang province, following Hangzhou release official position after the second purchase of the city. It is understood that, as early as in 2011 when, 11 prefecture-level city in Zhejiang Province, Hangzhou, Wenzhou, there are eight announced the implementation of the " restriction order . " "Wenzhou property market declined almost bottomed out, then release the restriction to normal." Real Estate Institute of Zhejiang Province Academy of Social Sciences researcher Wang too on " Daily Economic News "reporter, said other cities in Zhejiang Province will continue to release publicly.

According to the official news release microblogging Wenzhou Metropolis Daily, except real estate transaction registration without verification of existing housing situation, the "outside Wenzhou" and "new Wenzhou" In the warm purchase permanent residents enjoy the same treatment in Wenzhou City, Wenzhou will also actively seek financial institutions to support the implementation of the first home loan deals.

In fact, last August, for the purchase of Wenzhou had a modest relaxation. According to its provisions, within the policy framework for the purchase of the State Council, Wenzhou, the local version of the restriction order to be adjusted to allow a local family residence in the city to buy second homes.

March 26 this year, investment in private enterprises in Zhejiang Province president Zhou German federation had said: "after two sessions, I heard that the municipal (Wenzhou) Construction Committee, led the drafting of a comprehensive program, has been reported to the provincial government."

"Later, Zhejiang authorities following statement is not supported nor opposed by the Wenzhou themselves decide." Wenzhou, a leading developer of local executives to the "Daily Economic News" reporter, said so.

Thereafter, on July 22, for the purchase of the property market in Wenzhou deregulation, the newspaper had published an article entitled "the purchase of the property market in Wenzhou quietly let developers waiting in the wings to take to prepare food," the article coverage.

It is understood that in the pre-purchase the full liberalization of the property market, the Wenzhou government departments had met study. Wenzhou Daily reports indicate that on July 28, the Wenzhou city government held its fifth plenary meeting, Wenzhou will release the "restriction" policy director Zhou Wenzhou Municipal Construction Committee also made it clear that the right to keep, Wenzhou want to make the purchase of the policy according to the actual situation some adjustments, mainly to support the needs of buyers of public improvements.

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