On August 30th, Guangzhou government announced the optimization of the standards for determining the number of housing units in personal housing loans, and determined that when residents apply for loans to purchase commercial housing, they will follow the principle of "recognizing a house but not a loan". Why did Guangzhou launch the "first shot" in a first tier city? Can it be further up north? Why is the screenshot from the portal website of the Guangzhou Municipal People's Government in Guangzhou? On August 30th, according to the website of the Guangzhou Municipal People's Government, the General Office of the Guangzhou Municipal People's Government recently issued a notice on optimizing the standards for determining the number of housing units in personal housing loans in our city. It is mentioned that when resident families (including borrowers, spouses, and underage children) apply for loans to purchase commercial housing, if family members do not have a complete set of housing under the local name, regardless of whether they have used the loan to purchase housing, banking and financial institutions will implement the housing credit policy for the first set of housing. This also means that Guangzhou has confirmed the implementation of "house purchase but not loan purchase". In this round of real estate market adjustment cycle, Guangzhou has taken the lead in this policy among the four major first tier cities. This is the policy with the largest relaxation of policies in first tier cities since 2017, fully reflecting the significant changes in the supply and demand relationship in first tier cities. First tier cities have made extremely loose and actively optimized adjustments to their housing policies, "said Yan Yuejin, research director of E-House Research Institute. Zhang Bo, the director of the 58 Anjuke Real Estate Research Institute, mentioned that the implementation scale of Guangzhou's policy this time is relatively large, and it is completely "non loan", and locally "housing". The implementation time is based on the notice issued by the three ministries on August 25th. This policy directly benefits two types of people: firstly, local homebuyers who change houses can implement the credit policy for the first set of newly purchased houses after their houses are sold, with a significant decrease in down payment ratio and mortgage interest rate; secondly, for those who have purchased houses in other places, only the housing situation in Guangzhou is checked when determining the number of houses. Therefore, even if there are houses in other places, as long as there is no house in Guangzhou, the credit policy for the first set can still be implemented, "Zhang Bo believes, After the implementation of the policy, it is expected that the driving force on the market will be greater, and the probability of market recovery in the short term will be greatly enhanced. At the same time, it will first promote a significant increase in second-hand housing transaction volume, and then transmit it to the new housing market. As for why it is Guangzhou, Zhang Hongwei, founder of Mirror Mirror Consulting, stated that among the four first tier cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, Guangzhou has the highest inventory pressure in the real estate market. It is natural for Guangzhou to be the first to state the optimization of personal housing recognition standards, which helps activate the improvement demand of the Guangzhou real estate market and alleviate the destocking pressure in Guangzhou. Taking the July housing prices released by the National Bureau of Statistics as an example, the prices of new houses in Guangzhou decreased by 0.2% month on month, while the prices of second-hand houses decreased by 1% month on month, with the largest decline among the four first tier cities. This is also reflected in the data of new house online signatures. According to data from Kerui, in July this year, the online signing of new houses in Guangzhou saw a "double decrease" compared to the same period last year. Among them, online signing transactions amounted to 758300 square meters, a decrease of 29.9% month on month and 15.9% year-on-year. In addition, according to the latest statistics released by Guangzhou in July, there will be 18.7341 million permanent residents and 10.3491 million registered residence in 2022; The birth rate of registered residence population is 10.71 ‰, and the natural growth rate is 5.10 ‰. Data chart: