Direct reporting network Beijing November 10th (China Securities Journal) market regulation and control in January, from the volume and price, the effect of the current round of regulation and control gradually revealed. Credit is an important factor in the property market, from the Shanghai landing measures, illegal funds into the real estate market will be subject to more stringent restrictions.

Strengthen credit supervision

Shanghai recently on the real estate financial market has taken more stringent control policies, especially the housing credit tightening, to curb irrational demand. In November 3rd, "on the practical implementation of the Shanghai City real estate regulation spirit, promote the orderly operation of the financial market of real estate of the resolution" (referred to as "resolution") issued, specific measures include careful assessment of borrower family solvency, is strictly prohibited in disguise to circumvent the regulations policy and regulation of housing credit management; prevent credit and other types of funds, especially financial capital the illegal entry into the land market.

Centaline group research center that, in Shanghai City, the market interest rate pricing discipline mechanism, "resolution" has a stronger constraint on the commercial banks, is expected to Shanghai's housing credit control will continue tightening. The purchase loans will significantly curb the formation of edge ball behavior. In addition, the commercial banks in the mortgage business in the flexible relay loan, joint loan, etc., were part of the bank halted. This will further restrict the limited purchasing power of the population.

Shanghai mayor Yang Xiong said earlier, housing turnover has been restored to the normal year average level; Shanghai constantly study new situations, new problems, new measures, and strive to maintain stable and healthy development of the market.

In the credit, the purchase and improve the first down payment and other combination of boxing, the effect of regulation and control to further show, the market turnover further atrophy. Central Plains group research center data show that in November the first week, around the new homes and second-hand housing market overall turnover fell, and the non regulatory cities and urban turnover fell basically consistent. This shows that 22 cities policy tightening has made the country's major urban markets have been affected. Central Plains monitoring of 40 city data show that the new residential area last week, the turnover of the area decreased by 10%. Line, second tier cities have fallen by three or four, a decline of 7%, respectively, 15%, 15%.

The introduction of control policies of the city as a whole new house trading volume decreased by 9.7%, about 70% City turnover fell, a larger decline in the city, including Huizhou, Xiamen, Suzhou, etc.. Non regulation of the city's overall volume of new homes fell by 9.4%, the same about 70% City turnover fell, a larger decline in the city, including Wenzhou, Xiangyang, Changzhou, etc..

Second-hand housing market turnover last week as a whole fell. Central Plains monitoring of the 21 cities of second-hand residential turnover decreased by 7.6%. Among them, Suzhou, Xiamen, Beijing and other places a larger decline. Since the beginning of October, a number of cities in the implementation of regulation, second-hand housing market turnover levels were significantly lower, the overall price increase gradually narrowed.

According to the Central Plains second-hand housing price index, in October, in addition to Chengdu, the other seven major cities in the price index rose overall narrowed. Among them, the most sensitive to the market reaction of the Shenzhen price index fell by 4.2%, or second, the largest decline in history. After the 3 - 25 new deal this year, Shenzhen in April once the price decline. But the October decline was significantly higher than the April level. With more than second-hand housing turnover continued to decline, the market outlook is expected to further decline in prices.