Tear down the property market Domino

The chaotic heavy with heavy.　　Tightening monetary policy, relaxing the roots, accountability to local governments, research tax system, in just three days, the new policies are intensively issued. "This is the strongest and most ruthless regulatory measure ever."　　"With a lot of people in the industry," said Zhiyong, a researcher and doctoral tutor at the Institute of Finance and Trade of the Chinese Academy of Social Sciences. Referring to the policy before the landing of the Chinese property market, Zou used to "gripped, stunned, breathtaking" three words to describe.　　This madness, let this is known as Shenzhen, "the originator of the house" of investors, in this wave of gains did not dare to enter. At the end of 2008 to deal with the financial crisis of various incentives to encourage policy, so that the property market has not yet completed a deep adjustment, starting from the beginning of 2009 rebound, and then intensified. March 2010, Beijing, the price of commercial residential units rose, the average prices reached 21481 yuan/square meters, the February 16362 yuan/square meters, a sharp rise of 31.29%.　　And the "two sessions" after the frequency of the "King", but also to push the rally to madness.　　Although from the end of 2009 has been the CBRC, the Ministry of Land and other departments issued a regulatory policy, the content of credit tightening, land supply system to improve the various aspects, but the property market seems to turn a deaf ear. And in the new Deal announced the first weekend, the Beijing second ring Kedward Seal launched 48 sets of average price of 40,000 yuan/square meters of fresh goods. Times weekly from the sales scene learned that the previous platoon more than 100, the day still has 60%-70% of the people to the scene, is the normal proportion.　　Because the project is more high-end, the total number of buyers, even if the loan, an increase of 10% down payment ratio, can afford. In the past few years without regulating the wind, Zou has also used the whole paragraph or installment method, the procedure is relatively simple and high efficiency. But as an investor, the first thing to consider when buying a house is who it will be sold to. At present this kind of crazy situation, whether the person that take a position has the strength entire paragraph or the high down payment proportion buys a house, this is still a problem.　　"The tightening of credit has reduced the power of the credit lever to pry." "Beijing's second-hand housing market has shown increased availability, customer wait-and-see situation."　　"I love my home market research center," said 17th, 18th week Six Sunday two days, the availability of a surge of 30%, and the customer commissioned a decrease of 25%, the landlord on the spot price, intentional breach of the phenomenon disappeared, the past is the owner is difficult, 3 days but become a customer is not anxious to see the room. First-hand market, developers also began to restrain. On the first day of the New deal, real estate stocks were hit hard.　　and April 19, the real estate New deal digestion 5 days after the first opening day, the real estate stocks led down, the index fell 8.3%, of which Vanke, gold, Poly, first opened and other housing enterprises fell more than 8%, the WTO, Oct A and investment and other 25 real estate stocks are falling. Chen Yunfeng, deputy general manager of China's economic and trade union, said the new deal would allow developers to behave cautiously. "Due to policy concerns and possible market adjustments, in the short termDare not to increase fares rashly. "Inside the property market, not self-discipline, will die." "Zou summed up the new Deal's direct three main functions: to increase investment speculative costs, to combat turnover, to combat psychological expectations," This gave the crazy property market a shot sobering. "In addition, there is another foreshadowing in the State Council's 10th article," A tax policy that guides the individual's reasonable housing consumption and adjusts the income of individual property.　　This has deterred the rumored property tax or property tax from being introduced. "In the tax system, the former tax system is in prison." If a property tax or a property tax is introduced, it becomes life imprisonment.　　"In Zou's view, a high tax on the holding link is a subversive thing for house prices."　　Jump out of the loop? China's property market, which has floated several times in policy-led sinking and floating, will it be possible to ensure that runaway situations do not return?　　Can the real estate market be stable? "To curb investment demand, short-term policies may be difficult to effect, and long-term institutional design is needed." "On April 21 Dispatch hosted the" Focus on the property market regulation of the New Deal "forum, Wang Xiaoquan, a leading economist and a researcher at the National Administration College's decision-making consulting department, believes that the current policy will have a relatively good effect in the short term, but can it continue, will it rebound again, and see if there are any follow-up series of measures. "To achieve the desired effect of this regulation, there are two directions, one is short-term financial repression, the other is so-called long-term financial tax design, including property tax and value-added tax to form a package of plans." "The policy is a short-term one," he said. "Zhiyong to The Times weekly," These regulatory policies are based on the technical level, and the real estate industry itself to find the tricks, and did not shake the current real estate development in the process of the problems of the institutional causes, and did not jump open the real estate industry, from a more macro level to find a way out "This round of real estate heat, which began in 2009, took place in an environment of excess liquidity under the economic downturn and loose economic policies that hit the financial crisis." "A lot of private capital needs a way out. Zhiyong said, why so much money will go to the real estate industry?　　Because there are many funds, excess liquidity, high real estate profits, other industries do not go and the relatively low profit situation. "From a more macroscopic perspective, many institutional problems do lie ahead: Local land finance, income distribution equity, which industries can replace the real estate industry in the transformation of economic development model ..." Unless there is a new industry that can deregulate and allow private money to go, "Zhiyong said. The real estate industry is likely to stabilize gradually. "" Don't expect a regulation can solve all the problems in the real estate market, as long as the outstanding problems are resolved, the market can maintain a stable development, I think it can. Wang Lin, deputy director of the Center for Policy Research at the Ministry of Housing Construction, said to The Times reporter, "through the regulation of the real estate market, we can curb the rapid growth of housing prices in some cities, promote the system and the construction of house security, can promote the market competitionThe improvement of the rules and management level, I think has reached the effect. ”