Housing Regulation Must Further Activate Stock Houses

At present, there is a view that "30 years later, there will be too many housing problems". This kind of "strange talk" has aroused enthusiastic response.

From another perspective, "is the house too much"?

Structural surplus in housing market

There is a view that some people now own two or more than two houses, but they will not need so many houses in 30 years, because the only child now has their parents buying their house, so when they grow up, they do not need to buy a house.

Apart from the "one child factor", there is a real phenomenon that some houses are overcrowded.

For example, a reporter recently saw all kinds of high-rise residential buildings and low-density villas along the East China Sea Road around Qingdao city.

But strangely enough, many houses seem to be at least two or three years old, but they are all closed doors and windows, the balcony is rough, and the air-conditioned spaces are empty.

In the evening, there was a lot of darkness in the neighborhood.

Obviously, many houses are uninhabited for a long time.

When asked about intermediaries, they learned that they had already been sold.

Chen Sheng, deputy director of the China Index Research Institute, who studied Shanghai property market for a long time, said that the housing vacancy was more or less in Shanghai, especially in the field of high-end housing.

He said that he had two or three houses around him, and some speculators even owned dozens or even hundreds of houses. All the houses were left to the intermediary. Some of the houses had never seen them.

In Hangzhou, the "deep blue square" on Zhaohui road and the Fenghua mansion on Wen two road are all well-known high-grade buildings completed in the first two years.

Although located in the center of the city, with convenient pportation and beautiful environment, many houses have been idle since they were delivered.

A power monitor of the Chengbei Power Supply Bureau in Hangzhou said that the electricity workers copied the meter every two months, and about 20% of the houses in these areas used electricity.

According to another introduction, the "white horse apartment" located in Hangzhou Wulin business circle also has 10%-20% "household electricity" households.

Li Changhua, a citizen of Hangzhou, said: "people who have houses are not able to live, but people who want to live have no houses. A large number of houses have become investors' tools, but they are far away from their proper living functions. This phenomenon is very abnormal."

What is the potential of the stock market?

The "stock room" is mainly available for sale and can be rented in second-hand housing. Its potential is evident from the number of second-hand housing pactions in several first tier cities.

According to the data provided by Zhongyuan Real Estate Research Center, in 2009, the turnover area of Shanghai's first hand housing was 26 million 580 thousand square meters, and the second-hand housing turnover was 25 million 830 thousand square meters, while the latter was 97% of the former.

In Beijing, Guangzhou and Shenzhen, the volume of first hand housing in 2009 was 17 million 900 thousand, 9 million 440 thousand and 6 million 610 thousand square meters respectively, while the volume of second-hand housing was 18 million 530 thousand, 11 million 540 thousand and 13 million 750 thousand square meters respectively, and the second hand housing market in three cities had exceeded one hand.

Data also showed that in the first quarter of this year, the area of second-hand housing in Shenzhen was 2 million 21 thousand and 200 square meters, which is 2.83 times the volume of new residential construction in the same period.

The policy of regulation and control can often have a "immediate effect" on the stock market that is traded in bulk.

For example, in the fight against speculation and increasing the supply policy, Shanghai's "online real estate" data show that in May 28th, the number of second-hand housing in Shanghai was 114495 sets, and more than 5000 units were set up a week later.

It increased to 124959 sets by June 7th.

In the same period, the supply of first-hand housing has been increasing. The supply of new houses in May is still less than that in April.

Huang Ming, deputy director of the Shanghai Municipal Committee of the 93 school, who has long studied the property market, also pointed out that the housing shortage that developers often render is excessive exaggeration of the supply and demand situation of the new housing supply. A mature real estate market is unlikely to have "no room to sell" situation, because the volume of its stock stock can occupy the leading role, and the key is how to "activate".

All along, China's housing market structure relies heavily on the Yishoufang market, and the secondary housing market is lagging behind. This situation should be paid attention to and gradually adjusted.

Experts believe that in recent years, China's real estate market regulation focuses more on direct supply, that is, by increasing the supply of land, supervising the operation of idle plots, and disposing of the market, and increasing the supply of new housing resources.

However, with the increasing scarcity of residential land resources in some cities, the space for the control of the Yishoufang market is getting smaller and smaller.

In addition, the reality has repeatedly proved that in the case of speculative investment demand and low housing holding cost, more new housing sources may be bought into a pocket by investors to become a "flower on the brocade", but it is difficult to become the "carbon in the snow" of the owner.

Some developers and interest agencies will continue to borrow "shout thirsty", blindly appealed to increase the supply of land, for the speculators continue to provide "investment tools".

Market regulation needs further adjustment

According to the insiders, the regulation of the property market calls for a large number of speculators and hoarding houses to rush out of the market, forcing the stock market to enter the market, or to sell or rent, so as to give full play to their real residential functions.

Huang Ming suggested that the key to "stock up" is to increase the cost of housing and reduce the profit margin of investment speculators.

However, we need to pay attention to one problem: when the stock room changes hands, the "baton" may still be an investment speculator.

Therefore, experts suggest that tax policy and credit policy should be "combined attack" to speed up the study and implementation of the real estate tax policy, and implement a long-term credit tightening policy for many suites, while relaxing the first set of housing loans to avoid "bringing harm to the innocent".

The industry also suggested that we should further standardize and rectify the market environment of second-hand housing, formulate clear standards for brokers' agency behavior and perform their duties, and strengthen supervision and punishment for violations. In addition, we should improve the management system of housing rental and improve the housing rental system; we can also consider a certain degree of tax exemption for ordinary rental housing, save paction costs and enhance the willingness to rent.

Chen Sheng also pointed out that there are some stock rooms over 10 years old, and bank loans generally do not provide support for such housing pactions, and there are difficulties in self trading.

The local government can collect and store this through the housing guarantee institution, and make a simple pformation for housing supply of affordable housing.