Housing Regulations Favor Under 35s in Hefei

iFeng: 没想到，连买房资格也卡在了35岁？央媒发声：是抑炒房还是甩包袱

Every city has a different definition of a buyer who just needs a house. Hefei's regulations are: no house and no real estate transfer record, compliance with the purchase restriction policy, 2 consecutive years of social security payment and under 35 years of age.

...The Hefei Housing Security and Real Estate Administration replied that with regard to the question of the age of buyers who just need a home, as reported by netizens, the Hefei Real Estate Regulation New Deal did not exclude the eligibility of buyers over the age of 35. For those over the age of 35 who are eligible to buy a house, they can Participate in the purchase of houses by lottery for ordinary buyers.

Specifically, the netizen who consulted is more than 35 years old, and he can still buy real estate that does not require lottery sales. And in the real estate that needs lottery sales, he can still participate in lottery purchases for the remaining 70% of the housing that just needs 30%.

You can buy a house if you're over 35, but you'll be restricted to a smaller 30-percent pie of lottery housing.

This policy is to effectively protect young people, especially young people who just need it, and prevent more people, especially speculators, from participating in the competition for 30% of the houses that just need to guarantee lottery sales. 35 years old is one of the four thresholds just needed, not the threshold for buying a house in Hefei, and there is no age discrimination.

According to China News, the city housing security and Housing Authority staff said, "the New Deal did not exclude qualified buyers for more than 35 years of age of buyers, but favorable policies just need buyers under the age of 35 must meet the conditions, more than 35 years of age Of home buyers also have the opportunity to participate in lottery purchases."

In addition, it is a condition stipulated by the current New Deal for those who just need to buy a house to be under the age of 35. Regarding whether there will be adjustments to the subsequent policies, the staff said that the policy cannot remain unchanged. The relevant departments of Hefei will make adjustments in accordance with market development and actual conditions.

To sum up, there is no such thing as a person over the age of 35 who is not eligible to buy a house in Hefei. This policy in Hefei just reflects the precise implementation of policies, fully taking into account the actual situation of different groups, and insisting that the house is used for living, not for speculation. The positioning of the new real estate policy will give better play to the regulatory role of the new real estate policy.

The optimistic take is China is getting serious about policies favor younger workers. Although it isn't mentioned, it's possible fertility is related, since family formation is delayed by high home prices. The pessimistic take is that as always, credit drives housing specualtion, and these types of more excessive rules usually come near the end of a bubble within the larger bubble, when regulators get extreme in the face of ever rising prices.