Housing Purchase Restrictions Loosens In Nearly 20 Cities In China; The Restrictive Housing Purchase Policy Is Expected To Further Loosen

Recently, many regions in China have adjusted and relaxed their restrictive housing purchase policies. According to the statistics of China Index Research Institute, since 2023, over a hundred places have introduced real estate regulation policies more than 300 times. Among them, nearly 20 cities such as Jinan, Changsha, and Xiamen have relaxed their purchase restriction policies, and some hot second tier cities such as Hangzhou have introduced policy optimization and purchase restriction measures multiple times. The number of cities that have relaxed loan and sales restrictions has also increased. At present, the pressure of adjustment in multiple real estate markets is increasing, and facing situations such as slow recovery of market confidence and low transaction activity, the adaptability of restrictive housing purchase policies has decreased when implemented in different cities. Chen Wenjing, the market Chief research officer of China Index Research Institute, believes that in the second half of the year, more cities may gradually liberalize restrictive policies to promote market stability and recovery, especially ordinary second tier and third and fourth tier cities.