Did the house price policy really work in 2017? 国新1501 宋思颖

(New residential housing sales price index (last year =100) of main city from January 2017 to November)

  In March 2017, a government work report, announced in NPC&CPPCC, emphasized the strengthening of real estate financial supervision. According to the data of “New residential housing sales price index (last year =100) of main city from January 2017 to November” from the national data network, we can find most of the housing prices are tend to decline. Hefei, which is one of the most obvious city on change, changes from 44.2 points more than last year in January to 0.3 less than last year in November.

  In addition to the central government's overall policy regulation, the government  work report also mentioned that local government need to strengthen the real estate classification control and the urban strategy to inventory. So the housing price control policy in 2017 also has the obvious characteristics of the local regulatory policy differentiation.

(Main city house price index (last month =100) from January 2017 to November : http://c.dituhui.com/maps/1549395)

  From the data of “Main city house price index (last month =100) from January 2017 to November”, as one of the most limited purchase policy cities(Guangzhou, Shenzhen, Beijing, Shanghai), Shenzhen has the best feedback. Its change in house prices remains in a state of decline or is flat with last month. Shanghai and Beijing have been recovering for a few months, but the overall decline. The effect of Guangzhou's limited purchase policy is the worst of the four cities. From January to August, the price is still in a state of growth. It begins to decline only from August. This may be related to the "rental right" policy mentioned in July, which means the renter and the buyer have the same rights to a certain extent. The actual change on house price of those four main cities and the effect of the "rental right" policy needs to further observation.