High-end projects get no pre-sale certificate, which led to a fall in the Beijing market

Lower average price is the result of structural changes in the sale of property to curb high house prices still need to Afterburner reporter Lu Ying 3rd Beijing reported in the second round of regulation and control policy of the strong repression, a recent news has aroused public concern, October hundred city residential average price rose. The news and the current official website data reflect the real estate situation there is a big gap.　　This makes many people feel puzzled about the property market. There are news reports, the Chinese real Estate Index system hundred City Price index of the 100 cities of the full sample survey data show that October 2010, the National 100 urban housing (including ordinary commodity housing, villas, affordable housing) average price of 8418 yuan/square meters, up from the last month up 0.66%, 76 of these cities rose on a month-on-month rate, with only 24 cities falling on the ring. Among them, Hangzhou rose the biggest, up 55.57% Year-on-year, Beijing Rose 52.39% Times.　　Shenzhen, Shanghai and Beijing have become the top three cities in China, while Guangzhou is ranked 7th. However, according to the Beijing Trading Management Network data, October, the city a total of 13842 sets of new houses, the chain down 26.4%, of which the new house 7682 sets, the chain fell 37.1%, the year-on-year decline of nearly 50%, second-hand housing turnover 14162 sets, the chain down 14.4%, the year-on-year decline of more than 30%. The average price of the property market has also fallen markedly since October.　　From this data, the Beijing property market in August or September the continuous rise in the volume of prices has been reversed. Although each message has its own typical property of the number basis, but the public data and our feelings seem to have a large distance. In the context of recent news, many people think that, while prices are still rising at a brisk pace, they do not believe the property market has shifted to a substantial downward path. Many buyers do not feel the new commodity prices have been significantly reduced. Many people do not wait to come to the house housing prices down, hope in the two-round adjustment policy squeeze, from the second-hand housing market to find the release of the new house source.　　But many people feel that the supply and demand of second-hand housing is not because the policy pressure has become more relaxed, although there are a lot of buyers, but the number is very limited, although the price is softer than some time ago, but still high. For this "gap", Beijing Zhongyuan analysts believe that the housing market in Beijing, the average price decline is the result of structural changes in the house. As a result of the recent Miyun, Pinggu and other suburban areas in the low price of the project accounted for the rise, the new deal after the Beijing real estate Transactions Management network data show commercial housing contracts concentrated in 20,000 yuan below the project, Beijing in October for the first time has a thousand sets of the following projects signed, the total number of So the overall average price forms a structural decline. Some developers said that, in addition to some developers worried about a large number of push and demand deserted, recently many high-end projects can not get the pre-sale certificate, the government appears to be interested in controlling the amount of high-priced projects. In fact, most people do not feel the price of the property market.　　But in fact the overall price of the property market shows a steady state. Some real estate agencies said that the regulation of increasing prices, interest rate expectations and other factors or will make the four quarter housing priceFell again. October-November Five first-tier city second-hand housing turnover will appear 20%-30% decline.　　By the end of this year, the property market will be at its second big trough at the end of 2008 years. But some insiders believe that the October Shanghai one-bedroom deal appeared "ice fire twofold day." Ordinary real estate transactions recession close to 70%, while the luxury market continued three months of hot. Shenzhen, Changsha and Guangzhou also appeared similar situation. This market phenomenon shows that, as inflationary pressures have increased markedly, liquidity in the market is still an impulse to go to the property without better investment options. In addition, the increase in a house down payment ratio is only a short period of rigid demand containment, from the current view, this policy, in addition to the bank itself from risk, gain benefits, and rigid demand increase or decrease, rigid demand still exists. Limit purchase orders and raise first-suite loans down payment, buy First Suite Provident Fund down payment is not less than 30% of the policy in the production of short-term inhibition at the same time, the majority of their own or improve the purchase of home buyers will also produce a desire to buy a place in the impact. It is not yet determined that the rebound in house prices has been effectively curbed. In the new house market house prices do not have a substantial decline in the case, second-hand housing holders will not be easy to let go, in the market supply is not sufficient circumstances, second-hand prices can not fall to the trough. To stabilize the market needs to increase supply and reduce the influx of liquidity.　　It will take time to regulate the property market. According to the new regulations, the second suite loan 800,000 Yuan 20 need more interest 41,500 yuan, the monthly increase of 172 yuan.　　21st Century Real Estate Group market director Lin Lei that the differential interest rate of Provident Fund loan is a regulation of another overweight. Beijing Zhongyuan Analysis, this policy is to reduce financial risk for the bank, so that the rigid first suite demand slowdown in the market, for regulation to buy time. Previous Provident Fund Regardless of the first set of second set, all the implementation of benchmark interest rates, the new provisions of the second Housing Provident Fund personal housing loans to the first payment ratio shall not be less than 50%, the loan interest rate must not be lower than the same period of the first Housing Provident Fund Housing loan interest rate 1.1 times times While it is 0.8% lower than the current commercial loan first suite loan rate, it also increases the cost of improved demand, which inevitably reduces transactions.　　At the same time, the new policy clear nationwide limit the third suite of loans, also eliminate speculation. It is understood that since the new deal, home buyers through Provident Fund loans to buy a large proportion of the rise. According to the 21st Century real estate survey, 200 buyers of 61 have used Provident Fund loans, accounting for 30%.　　And there are half people, not the first house buyers. From the perspective of business loans, in the implementation of differentiated interest rates, for the previous loan of the home buyers, as long as the eligible, will apply the new differential rate from next year. Whether the Provident fund will be so is unclear.Lin Lei predicted that the Provident Fund loan differential, will be the current market about 20% of the home purchase costs have a direct impact. The affected part of the home buyers, it is likely because of this policy to suspend the purchase plan. (4A1)