tory Three parties involved nerve mortgage market

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In fact, the control measures for the real estate market, the largest non-credit policy efforts must go. Raised two suites from the initial down payment ratio and lending rates to rise after some prices too high too fast, supply areas suspended above the third set and housing loans, to the June introduction of the
from the perspective of real estate development project is often the final product high-end products, are given greater market value. In the hot real estate market,tory burch wallets, most projects will be increasingly targeting high-end,shoes by christian louboutin, from the affordability of ordinary people. In 2009, the real estate market boom abnormal, leading developers in the project development time, improve quality and segment positioning. Cooling in the regulation of the market, the supply and demand misalignment problems will be highlighted, the phenomenon of vacant housing has become increasingly prominent.


dismal market conditions in sales, combined with the recent rumors of policy easing, many developers began to imagine the market retaliatory recovery. There are developers that the current sales rate was generally the first day of opening less than two as the need to do more preliminary work, and actively build-off, a if the sale is not busy, will lead to two, three more difficult to sell. It is understood that there are developers in Shenzhen are close to the disc's two new caps, opened, still depends on whether the customer intent to buy a certain proportion.


the past month, the China Securities News, rough statistics, only two new projects listed in Shenzhen. June 14 to 20 a week,christian louboutin black heels, figure to spend the county two years, gold ground Pool Road, plus two items pushed to sell the residential area of ​​less than 11 million square meters, to sell the copy number of 2049 residential units. After three weeks, sales of items listed in Shenzhen are zero.
there is a phenomenon worth noting. A large population, China is currently in the process of migration, in addition to the rural population into urban population, urban population movement between the larger scale, many of them migrated his family situation. The migration of the population living in the new place of residence, due to holidays, but also to return home, it is unlikely the former residence of the sale and rental housing, and long uninhabited.

developers to wait and see attitude exacerbated
remains high current real estate development investment, to further eliminate the real estate regulation and control of all parties will lead to economic based decision-making level to relax further reduce the possibility of regulatory policies.








recently, Lanxi Gu, Jin Tong Road and park land on the ground and other promotion activities held in many new properties, these properties are new products for sale, marketing in advance of the opening rally. But when asked about the official opening time, the developer has not been established that almost all, not even get pre-sale permit.


Therefore, the issue of housing, high vacancy, there are some reasons for the market, there are some social changes in China's current normal. To supply the vacancy caused by the structure and speculation, the Government is taking measures to control. Vacant is a waste of social resources, and runs counter to the current advocacy of low-carbon economy, the Government should introduce targeted policies to encourage vacant housing for sale or rent.

vacant area of ​​the recently published data as of December 2008. At that time, the national area of ​​164 million square meters of vacant housing, of which 90.69 million square meters of vacant commodity housing. Subsequently,tory burch purse 中心一号文件提出水利改造发展目的义务, the vacant space has decreased. Beginning in 2010, the national index of real estate vacant monthly increase. 6 at the end of this year, the national real estate index was 104.65 vacant, more than in May increased 1.17 points, 16.06 points over last year. To conclude, at present,christian louboutin wedding shoes, vacant housing area is not low, remaining at more than 160 million square meters. In 2009, the national sales area of ​​937 million square meters of commercial housing vacancy rate of nearly 20%.
the future to enhance the flexibility
Whenever we see the city Many real estate dark windows at night when the housing vacancy rate will be feeling is too high. But all along, the real estate market, how high vacancy rate, no one authoritative data, analysis, and therefore people can not start.
The agency within the meaning of the mouth
Shanghai E-House Real Estate Institute of Minister Yang Hongxu comprehensive study also pointed out that in the second half if the market adjustment is too large, should be appropriate to relax some of the policies. For example, the correction of two sets of mortgage policies to improve housing demand unreasonable suppression; adjust the two sets of mortgage loans not only recognized the policy of the Housing and recognition; on some aspects of real estate transaction a modest tax concessions.


affected, some banks had changed the CITIC Bank and China Merchants Bank and other banks concerned are said to be in strict accordance with relevant state regulations, a loan officer Construction Bank is clear: There is no loosening. According to latest central bank's financial statistics, in the first half of the scale of 4.63 trillion yuan of new loans, up less by 2.74 trillion yuan. Among them,christian louboutin australia, June RMB loans increased 603.4 billion yuan, down 36 billion yuan compared with May. First half of the amount of new loans accounted for 61.73 percent annual plan, in line with the year However, from the new credit structure, dominated the first half of the personal housing mortgage loans and long-term loans reached 1.21 trillion yuan, accounting for the proportion of new loans reached 26.13%.
Shenzhen Real Estate Information Network Research and Development Department that new home prices are not significant adjustment, second-hand housing transaction volume steady in the current credit tightening macro-control policy, the new houses, second-hand housing turnover will running low. Currently, only a few items to take price cuts, closing off outside the ordinary residential houses to the main, just to be mainly caused by the recent price decline.
layman's terms, refers to the vacant house on the market can not sell the house. According to National Bureau of Housing and Urban Affairs and the definition of vacant housing is not one year after the completion of sales of the house. National Bureau of Statistics has released any new houses vacant area of ​​the national data, but since the beginning of 2009, this data is
confusing regulatory policy, exacerbated by the Shenzhen developers wait and see attitude, many developers choose to postpone the opening, leading to sharp the first half of a substantial new supply reduction. Centaline Property Statistics show that Shenzhen, the first half of licensed commercial residential only 1.31 million square meters, compared with same period in 2009 declined by a third, especially after the introduction of stringent control policies 5,6 month less new supply , only 23 million and 14 million square meters. This is the last year greatly reduced the supply after the supply of the Shenzhen property market plummeted again. Approved the listing of commercial housing in Shenzhen last year, a total area of ​​4,320,000 square meters, down 37% year on year in 2008.
generally wait To open more than
from the recently released economic data, since the first quarter, the macro-economic momentum has been running high began to change. The pessimistic expectations of the macroeconomic outlook has undoubtedly become the next real estate major test of whether or not the policy to continue. How to ensure that the policy


more than one year if not completed sales of real estate as the basis for the vacant room, then more than 160 million square meters of vacant housing, the main problem from the supply structure. The developers of products and market demand can not be docked. Including excessive pricing, demand dislocation, low quality housing, poor size structure of various factors.


expand the concept if vacant, would have sold but do not live long-term housing is also included in the statistics of vacant housing, then the real estate market, the vacancy rate will no doubt be further improved. In Beijing, Shanghai and other cities, a person with multiple dwellings are common. Among them, a considerable proportion of the property owner needs only for speculation, hoarding housing, and any of its vacant housing prices to be earned after the spread. Other property owners to improve the type to live in new houses, but reluctant to lease existing home, or letting too troublesome. These two cases also led to high vacancy rate.

□ reporter Lin
executive vice president of the Central Plains real estate secondary market, said Yu Ka-hung, is the lack of new supply this year, housing prices in Shenzhen have not yet significantly important reason for the decline, but a lot of real estate will be listed in the second half, especially in public Housing prices in the second half of the sales of the larger task of the current impasse or difficult to maintain prices.

Not long ago, the media said more than 660 cities in China for 6 months or more existing meter reading zero, 65.4 million vacant housing units, enough to 200 million people live, it seems to find the answer for this. However, National Grid issued a subsequent clarification, the data is only statistical power, as the basis for judging the vacant rooms will be very error, so that the problem of vacant again a mystery.





the same time, nearly a month of pre-approved projects permit only two. June 14 to 20, only gold on the ground Pool Road, a project to obtain pre-sale permit, approved residential area of ​​6.5 million square meters, approved copy number of 947 residential units, approved commercial area of ​​1999 square meters. 5 to 11 July, Shenzhen is also the only view of Lake Park, a project to obtain pre-sale permit, approved 355 low-density residential units, granted an area of ​​about 6 million square meters. The remaining items for sale two weeks did not permit.
However, the China Securities News also found that the case of the recent relaxation of credit does appear in Beijing, Shanghai, the number of banks. Some banks that can accept loan applications for the third suite, the requirements for down payment and interest rates are singular, but largely in over half of the down payment, loan interest rates go up 15% to 20%.





bottom line of the credit policy of deregulation test
have pointed out that the regulation of real estate in recent years, history shows that if the policy too fast too early to relax, will lead to changes in market expectations for housing prices, triggering retaliatory rebound, this is not the Government would like to see.
difficult to market new homes late
peers will price ... ... slow, pre-conditions are not enough to get cards.
- real estate in the card comments
since the implementation of a strict credit policy, known as the current round of real estate regulation The bank quietly released for the mortgage, but also become a fire the

CICC report that the current real estate market does not appear obvious point adjustment, and real estate upstream iron and steel, chemicals and other industries of the increase in inventory has just begun. While the PMI indicates that other leading indicators of trends in the economic downturn have now, but the latest data released in June (including export and real estate data) point of view, short-term control policies did not significantly hurt the economic growth, short-term policies and No need to relax.
Albert Xiang (Beijing) Investment Co., Ltd., chairman of party reasonable that the first half of this year's real estate policies to implement stricter, in the current economic outlook is not optimistic about the downside risks and there is the case, in the second half if the To implement a more stringent policy the policy will face greater risks. He believes that the current policy is in effect the implementation of completely relaxing the policy is unlikely. In considering the macroeconomic situation, the future of real estate policy to fine-tune the most likely.
genuine vacancy no agreement



real estate control policies is loose, causing waves in the real estate market, adding to the developers wait and see attitude, many developers are still illusions delayed opening, resulting in a near-term supply shortage, prices firm in the deadlock.
□ reporter million crystal
Xiangcai Securities researchers also noted that the ten countries in the formulation of the three suites on the loopholes first, and to provincial rules, the Hainan Province, Guangzhou City, the provisions of the absence of three suites; Beijing, Qingdao , Zhejiang, Shandong and other provinces are basically the same rules and the national representation; and details of Guangdong Province, described as General. Policy is only from the three suites, or relax on the market is not too great.

Credit crunch this year, had a direct impact on the mortgage against the speculative and investment demand, resulting in the property market was the source control, policy control is the core of this round is the reason for the credit management of the reason for special attention.


loose regulation of the Shenzhen developers Fantasy
data show that the first 6 months of this year, the national real estate investment 1.9747 trillion yuan, an increase of 38.1%, slightly down year on year growth rate 0.1 percentage points; which commercial residential investment 1.3692 trillion yuan, an increase of 34.4% growth rate down 1.4 percentage points.
□ reporter at the Ping Wong Kam
Many industry insiders believe, based on the domestic macroeconomic situation may arise in the second half of the expected decline in the real estate market is likely to remain unchanged based on the general direction of fine-tuning, thus reducing the risk of the corresponding policy .

CIC Securities real estate analyst Li Shaoming that house prices in major cities there is no significant decrease occurred before the end of 2010, for the real estate control policies will not relax, there is a difference in particular housing Credit policy will not relax.
market pressure to release.

According to statistics, Lai Road, Yufu were built, Zhan Bo Building, Chaoyang in Nga, CITIC bank Zhiting Lan, Lanxi Valley International Apartments and other real estate this year's promotion, customer savings, but has not yet been opened, this from the Some properties even plans to 3,4 on sale, almost been completed, are still marketing campaign, has yet to market.
However,广东省委原副秘书长关相生忆胡耀邦在广东轶闻, the Department of Housing and Urban 12 Group, said China Banking Regulatory Commission,discount tory burch shoes 内蒙2万干部下基层 维稳考, for real estate related policies and standards have not any change to the policy loose poured cold water on the conjecture. It appears that the property market has entered a deep game period. How to ensure that the policy
Real Estate Institute of Peking University, said Chan Kwok-keung, control less than 100 days since the New Deal, although the policy has yielded initial results, but to achieve better control results take longer. Policy stability should not be changed, so that all parties can be passed to the market stable, continuous expectations. If the policy loosening, not only would control the effect will be greatly reduced, or even negative impact.


improved, but the specific proportion of the loan according to the customer's credit circumstances. rapid rise of the notice



and as developers on behalf of Huayuan, said Ren Zhiqiang, chairman of real estate, real estate industry in general are worried about is precisely the relaxation of real estate policy will lead to more intense price rebound just to break the relative balance of supply and demand situation, triggering more intense the next time control. Ups and downs are bound to China's economic and real estate industry to bring more adverse effects, stable and clear policy is expected to be more important.