news

the important direction and requirements of this year's real estate regulation are to implement policies based on the city, implement policies accurately, and implement policies for each city. the most direct one is to accelerate the cancellation of various restrictive measures such as purchase restrictions. on september 15, the shanxi provincial department of housing and urban-rural development and other 7 departments issued the "several measures for further promoting the stable and healthy development of the real estate market in shanxi province". the most concerned by the public is the cancellation of the purchase restriction policy for commercial housing in taiyuan. when purchasing commercial housing (including new commercial housing and second-hand housing) in taiyuan, there is no need to review the qualifications of the buyer. many people were surprised that "i didn't expect taiyuan to maintain the purchase restriction policy until now."

indeed, whether from the perspective of time or historical laws, real estate is cyclical. the current supply and demand relationship of real estate has undergone significant changes, and the necessity of implementing purchase restrictions on commercial housing in non-key cities is becoming less and less. it is undeniable that the purchase restriction policy played its due role during the period of overheated real estate market development, and provided important guarantees for stabilizing the market supply and demand relationship at that time, promoting the stable development of the industry, and establishing and improving the long-term regulation mechanism of real estate. however, everything has two sides, and purchase restrictions also have the problem of "time, degree and effect". moreover, key cities and non-key cities need to adopt different real estate regulation methods, rather than blindly benchmarking the policies of first-tier cities without making any distinction. to be fair, this is actually a new test of the governance capacity of local governments, because the problem of real estate has never been a simple industrial problem, it is deeply entangled with the current administrative structure.

taking the changes in the sales prices of commercial housing in 70 cities released by the national bureau of statistics in august as an example, we will find that the significance between "effective government" and "effective market" is too important. among these 70 cities, the prices of new houses in 67 cities fell month-on-month, one city more than in july; one city, xi'an, remained unchanged; two cities, shanghai and nanjing, saw a month-on-month increase in housing prices, with increases of 0.6% and 0.3% respectively. shanghai itself is the only benchmark city for this round of property market recovery, but nanjing deserves our attention. after 15 consecutive months of month-on-month declines in housing prices, nanjing's housing prices turned positive for the first time in august. this is due to nanjing becoming the city with the most real estate support measures in the past two years. this shows that when the real estate market is adjusted in place, superimposed with strong supportive policies, the recovery and stable development of the real estate market can be better achieved.

for the current real estate market, it is necessary to further understand the spirit of "giving full autonomy to urban real estate regulation" proposed by the ministry of housing and urban-rural development at the beginning of the year, and make better use of the policy toolbox. local governments should use reforms to stimulate market vitality, use policies to guide market expectations, use planning to clarify investment directions, and use the rule of law to regulate market behavior on the basis of fully respecting market laws, so as to promote a better combination of "effective market" and "proactive government" and achieve more results. for example, regarding the major event of the collection and storage of commercial housing for use as affordable housing, some places have recently reported that after the houses are acquired by local state-owned enterprises, the inventory pressure may be transferred from the developers to local state-owned enterprises or local governments. this worry is reasonable, but it is difficult to do this important work well if there is only worry without responsibility, and only concerns without innovation. whether from the perspective of historical experience or institutional advantages, difficulties are temporary, there are always more solutions than difficulties, and temporary difficulties can be overcome. the current difficulties in real estate are ultimately just a small wave in the long river of history and the trend of the times. when we solve the problems of real estate, the potential of china's economy will be greatly tapped, and it is not a dream that the medium-to-high-speed growth can still be maintained for at least 20 years.

(this article was published in china real estate news on september 23, page 01. editor: he kexin)

on-duty editor: fan yongfeng

process editor: wen hongmei

review: dai shichao

copyright by china real estate news

reproduction and use in any form without authorization is prohibited