"One city, one strategy" should stick to the bottom line
- Published: November 07, 2019
- Source: Economic Reference
Factors such as the ecological environment, infrastructure, population size, social income, business development, and financial environment around the house will all become important references for pricing. Even in the same city, house prices can vary greatly in different locations. However, China has a vast territory, uneven population distribution, asynchronous urban development levels, and regional development differences. It is inevitable that the real estate market in each city will be evaluated in accordance with national unified standards.
Therefore, on the basis of adhering to the bottom line of real estate regulation, "housing and living without speculation," and in accordance with the "one city, one policy" requirement, the local government is given a certain degree of initiative in real estate regulation, which can give full play to the advantages of local governments close to the local real estate market and accurately regulate The relationship between real estate supply and demand can also significantly reduce the "running", "running", "dripping", and "leaking" phenomena in the implementation of national real estate regulation and control policies, as well as the situation that does not adapt to the local real estate development situation. At the same time, the central government's monitoring and supervision of local real estate regulation and control policies can prevent local governments from using real estate to stimulate the local economy in the short term, and ensure that the direction of local real estate regulation does not go wrong.
At present, China's economic operation is facing a complex and changing environment. Local industries are still in the transition period. Due to the dual impact of external shocks and internal transitions, the pressure of local governments to stabilize economic growth is prominent, and competition for economic development between cities is becoming increasingly fierce. The policy of "grabbing people" in individual cities once caused fluctuations in the property market, which impacted the stability expectations of the property market and deserves high attention.
As we all know, relying on real estate to stimulate local short-term growth is extremely costly, especially the advanced development and prosperity of real estate, which runs counter to the direction of high-quality economic development. It has been decided that local governments must adhere to the bottom line of housing and not seriously speculate on "one city, one policy." Regulatory requirements.
The first is to speed up the construction of a real estate market monitoring system. Integrate real estate transaction, registration, taxation, financial and other information, grasp the real estate market supply-demand relationship from a macro perspective, understand the real estate development enterprise operation from a meso perspective, and accurately locate the real estate transaction circulation from a micro perspective.
The second is to continuously rectify and standardize the order of the real estate market. In accordance with the main contradictions in the operation of the local real estate market, strengthen law enforcement in the real estate market, severely crack down on various violations of laws and regulations, and adopt comprehensive management measures to severely crack down on real estate speculation.
The third is to effectively guide rational transactions in the real estate market. In the land transfer process, guide real estate development enterprises to rationally acquire land and avoid the emergence of "land kings". Use economic means to effectively regulate high-price transactions to avoid the market from forming expectations of a rigid rise in house prices. Strengthen the guidance of public opinion in the real estate market, increase the transparency of real estate transactions, and avoid abnormal psychological fluctuations in the market caused by asymmetric information.
Fourth, vigorously promote the operation planning of the local real estate market. In cities where housing prices have increased significantly and housing prices are running at a high level, efforts are being made to adjust the supply structure of commercial housing, support the demand for self-occupied and improved housing, and increase the construction of affordable housing. In cities with low housing prices and oversupply, it is necessary to rationalize destocking.
Fifth, construct and improve the local real estate regulation and negotiation mechanism. Strengthen the information sharing of the housing construction department, development and reform department, and financial management department, establish regular working mechanisms for consultations, analyze and judge the local real estate market's operating conditions and trends, study and formulate real estate control measures, and monitor the effects of real estate control policies.
Sixth, strictly implement the main responsibility of local governments. Relevant central authorities strengthened the monitoring and analysis of local real estate market operations, promoted the nationwide network of housing network signing and filing information, established regulatory evaluation, assessment and accountability mechanisms, scientifically assessed the operation of local real estate markets, and “rectified” and tracked local real estate regulatory policies in a timely manner. To ensure that the direction of real estate regulation does not deviate.
Taken as a whole, sticking to the "one city, one policy" strategy of housing and livelihoods effectively balances the local government's power-responsibility relationship in real estate regulation and conforms to the typical location characteristics of the property market. In the future, it is necessary to accelerate the construction of a long-term mechanism for China's real estate market on the basis of "one city, one policy".