2014-06-21

Wuhu Will Allow College Graduates to Buy Homes

Aimed at home buyers, this is a step in the right direction, but unclear how grads will be able to afford homes. Nor are parents likely to plunk down cash for one with the threat of a market downturn given 19 months of inventory. A government official in the story says from 2008 to 2013, enough homes were built for 400,000 people, but the city proper only has 1,000,000 residents.

芜湖库存压顶救市风再起:放开大学生购房限制
June 16, Wuhu City, Anhui Province of college graduates settle the purchase subsidy policy adjustments, before canceling the "employment for three years" to qualify for home buyers grant time limit. "This means that just graduated from college in Wuhu buyers can get subsidies, this policy can certainly stimulate real estate sales. "Hefei University Real Estate Institute, said Ling Bin, deputy director.

But this view has not been Wuhu official recognition. Wuhu City and Social Council a source said: "This document is mainly to stable employment, restriction policies do not change. "

Indeed, Wuhu stimulus for the property market is very frequent in nearly three years, but the effect is not significant, Wuhu, new home prices peaked from after 2011 no contribution, contrary Wuhu housing inventory was rising fast in the past year.

According to "China Times" reporter learned exclusively, due to the excessive influence of resettlement housing construction last year, the real estate sales in April this year Wuhu city government has also issued an internal document, which means that the government will strictly control the construction of replacement housing direct investment, in order to encourage the purchase of real estate relocatees .

"Bailout Wind" renewed

First introduced in 2012 because of the bailout policy became a hit in Wuhu, although officials have repeatedly denied the "bailout" was, but the reality is that as long as the policy is stimulating real estate sales, have been widely regarded as a "rescue."

The Wuhu "rescue" a long time.

August 28, 2013, Wuhu released "on the implementation of Wuhu Municipal People's Government on further promoting the implementation of innovation and entrepreneurship and college graduates stable employment related matters" raised undergraduate in Wuhu urban employment over three years and college or graduate education technician with more vocational qualifications, intermediate and professional and technical positions and talents, giving full deed tax subsidies and 20,000 yuan of financial relief; in Wuhu urban employment over a three-year university or college degree graduates have Senior Industrial Vocational qualifications, professional and technical positions junior talent, giving 50% deed tax subsidies and 10,000 yuan of financial relief.

This year on May 28, Wuhu Fund Management Center issued "notice", the main contents of the two suites can apply for subsidized loans, foreigners in Wuhu buy first home can enjoy equal treatment with the citizens Wuhu domicile. Only one of the spouses to pay provident fund in Wuhu, in the field verified and have no ability to repay the loan after the policy both mutatis mutandis, to pay provident fund loan amount calculated in Wuhu.

In less than a month and Wuhu City and Social Council in its official website has released a "further promote innovation and entrepreneurship and college graduates stable employment supplementary provisions of the notice," the notice is actually released in August last year. " opinions "complementary, canceled before" employment for three years "to qualify for home buyers grant a time limit, which means that just graduated from college in Wuhu buyers can get subsidies, while buying second-hand housing is also included in the scope of subsidies.

These policies are released in the market triggered a strong reaction, but the local government at the time to explain to the media, has been denied and the "rescue" related to the purchase of the policy does not recognize eased. Caliber is its unified response "to meet just need to improve housing and housing demand, attract talent and stable employment of university students . "

But outside of Wuhu official excuse is clearly not buying it. "Now just to stimulate real estate sales policies are market classified as a 'bailout' or 'relax restriction' out, this is difficult to define, after all, the government really intent only they know, but there is no law to prohibit 'rescue '. "local real estate agent , general manager, told reporters.

Inventory pressure top

Since 2012, Wuhu City in sparing no effort to stimulate real estate sales, but the reality is that in Wuhu and land prices has not been "rescued."

From Wuhu City nearly three years of house prices trend, according to Index Research Institute affiliated Soufangwang tracking statistics, Wuhu City real estate (including residential, office, retail) price started from 2010 to May 2011 reached 6,603 yuan / meters, then turn down, turned up to June 2012, and until May of this year have not been able to return to 2011 highs, the highest point in nearly a year for June 2013 reached 6,317 yuan / square meter , in May 2014 and fell sharply to 5,948 yuan / square meter.

And with home prices is accompanied by Wuhu go of the past year, the number of real estate and stocks showed a reverse trend.

According to real estate transaction network data Wuhu Research Center, May 2013 Wuhu amount of new homes to 2206 sets each month thereafter fluctuations, but overall a downward trend, from March 2014 to May, the monthly take- are only 1,500 sets.

But Wuhu new home inventory in the past year rising rapidly. According to these statistics, last year, in May-July Wuhu new commodity housing inventories are maintained at a level of more than 18,000 sets, then began to rise month by month, to May this year, the latest figure was 24,899 units, an increase of nearly 4 percent.

Wuhu Housing and Real Estate Information Network data show that as of June 19, Wuhu property houses salable area 4,561,100 square meters, 40,298 sets of copy number can be sold. Salable residential units for 25,214 units, residential salable area of ​​2,909,300 / square meter. According to full-year 2013, total sales of Wuhu urban area of ​​2,903,800 square meters of real estate, including commercial housing sales area of ​​2,415,300 square meters calculations, inventory digestion requires 19 months.

In fact, has been to the city in Anhui, 16, really limiting the purchase of only part of the old city of Hefei Department of Housing and Urban term "urban housing prices rose too fast," Other cities are not listed in the purchase of, so Wuhu policies to attract talent with deregulation is not directly associated with the purchase order.

Xin Zhang Junlin Real Estate Network's editor told the "China Times" reporter, time Wuhu Social Council on policy just in the property market turning point of time, but also the employment of college graduates in the season, but according to his experience, involved in policy The number of buyers to graduation, the scale is limited.

Ling Bin Wuhu property is not considered a big problem, in his view, the timely introduction of this supplement government rules, confidence in the property market is affected, but also to market a positive signal.

Resettlement housing drag?

But in stark contrast with Wuhu, from 2011 to 2013, housing prices in most cities are showing blowout, then why Wuhu prices a "lukewarm water" mean?

"This year is basically in Wuhu prices stagflation state, and this year a large number of resettlement housing construction have a certain relationship." Wuhu City, a government source told reporters, "This should be a contradiction between the people's livelihood and economic benefits generated by the project. "

According to Anhui Housing Department data show that from 2008 to 2013, Wuhu City, affordable housing construction area of ​​6.73 million square meters total, 137,800 units, ranking first in the province to protect the amount of room.

"A year to build more than 130,000 sets of housing, what is this concept? Can accommodate up to 40 million people live, the main city of Wuhu population was only one million!" These government official said helplessly.

In fact, in order to build affordable housing, Wuhu City is indeed under the 'original capital. "

"Many cities and outlying zones to build affordable housing plan and only different, Wuhu many prime locations have been used to build replacement housing." These officials, for example, said, "such as the size of the official mountain land is a class of Wuhu city block, about 431 acres of land, from the pedestrian street, Phoenix Food Street is also close to the downtown area are referring to the original information engineering school plots near the price of $ 8 million per acre, if the size of the official auction listing mountain land to sell at least 3.4 billion million or more, all for the land resettlement housing construction, in addition to the size of Crown Hill plots for residents to move back in situ, you can also place other plots evicted Mirror Lake area. "


And now have to face is that replacement housing for the formation of a larger impact on real estate sales. Reporter learned from relevant aspects, in order to boost sales, Wuhu City has issued a document to stop new settlement housing within April.

According to the reporter was informed that internal documents show, "This year Wuhu levy compensation scheme should clearly be imposed can choose monetary compensation or exchange of property rights. Encourage people choose monetary compensation for expropriation, using buy real estate, buy real estate and the stock of replacement housing as digestion property exchange listings. strictly control the construction of resettlement housing direct government investment, planned for construction but not actually in the start of the moratorium on the construction of resettlement housing project, the construction of the individual is really necessary, and report to the municipal government needs to demonstrate again after examination and approval before implementation . "

Government sources said the above, "cessation of resettlement housing is a good thing, most of the previous government resettlement housing to build, prone to corruption, while the monetary compensation was significantly higher than the surrounding market, so the relocatees choose to take the money and run, they can to buy the real estate. "

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