Real estate market regulation “big killer” again

Xi’an Municipal Bureau of housing and urban rural development issued the notice on the establishment of the release mechanism of the transaction reference price of second-hand housing (hereinafter referred to as the notice), which made it clear that the relevant institutions involved in all aspects of the second-hand housing transaction should take the transaction reference price of second-hand housing as the reference basis, guide the rational transaction of second-hand housing, and stabilize the market expectation. At the same time, real estate agencies and real estate sales and service personnel are required not to hype house prices in the name of “school district house” and “degree house”, and not to induce community owners to bid up house prices.

Guide the rational transaction of second hand housing

The above circular stated that the Xi’an real estate transaction management center takes residential quarters as a unit, fully referring to the factors such as second-hand housing net signing price, price evaluation and other factors. After investigation and analysis, the second-hand housing transaction price is formed, and is released in the Xi’an city housing and Urban Rural Construction Bureau official website, WeChat official account and other network platforms.

Source: Official Website of Xi’an Bureau of housing and urban rural development

“Notice” pointed out that real estate brokerage agencies, real estate network information release platform to have been listed on the housing market to carry out self-examination, the shelf price of falsely high second-hand housing. Each district housing construction bureau and each development zone housing construction management department shall carry out a comprehensive inspection on the listing of houses in the area under their jurisdiction, and for those who do not comply with the provisions, they shall copy the online letter, market supervision and other departments to implement joint punishment.

Statistics of Zhongyuan Real estate show that since the beginning of this year, 20 cities nationwide have issued regulatory policies for second-hand housing. Among them, Chengdu, Dongguan, Shenzhen and other cities have issued second-hand housing reference price policies, while Wuxi, Guangzhou, Hefei, Beijing, Shanghai and other cities have also issued policies on illegal quotation and price bid up of second-hand housing.

Zhang Dawei, chief analyst of Zhongyuan Real estate, told China Securities Journal that for the first and second tier cities, the second-hand housing market has occupied the dominant position in the market, especially in the first tier cities. The second-hand housing market accounts for more than 80% of the market turnover. Compared with the price control of new residential buildings, the second-hand housing price control is a blank spot in the market in the past, starting from Shenzhen and other cities, Recently, a number of regions have started a round of targeted control for we media, intermediaries and second-hand housing owners.

“In terms of the contents of the regulatory policies, the prices of second-hand houses have risen significantly. Most cities are concentrated in areas with strong atmosphere of real estate speculation. Investors gather and the prices of second-hand houses rise rapidly. Price control is indeed conducive to the stability of the market.” Zhang Dawei further pointed out that “from the perspective of market trend, this round of second-hand housing price control is a new thing in this round of real estate control. It is expected that the second-hand housing price control in first and second tier cities will become a trend, and more cities may increase the second-hand housing price listing control. From the effect of the policy, Shenzhen and other cities have seen a downward trend in the price of second-hand housing. It is expected that under the continuous patching of the policy, the recent price rise will slow down significantly. ”

Yan Yuejin, research director of think tank center of E-House Research Institute, told China Securities Journal that the price of second-hand houses in Xi’an is not so hot, but a series of regulatory policies have been introduced for second-hand houses. From the perspective of the whole long-term mechanism, the second-hand housing regulatory policies are in place one after another, which has a good demonstration effect.