Nanjing launches "old trade-in" subsidy: up to 100,000 yuan to replace improved housing
Recently, the Nanjing Housing Security and Real Estate Bureau issued a major policy aimed at further promoting the stable and healthy development of the real estate market. According to the policy, Nanjing will launch a "old-for-new" home purchase subsidy, and eligible home buyers can receive a subsidy of up to 100,000 yuan. This policy quickly became a hot topic on the Internet and attracted widespread attention.
Core content of policy
This time, Nanjing's "old-for-new" policy is mainly aimed at improving housing demand groups, and the specific subsidy standards are as follows:
| Subsidy objects | Subsidy conditions | Subsidy amount |
|---|---|---|
| Nanjing household registration | Sell existing housing and purchase new commercial housing | Up to 100,000 yuan |
| Non-Nanjing household registration | After paying social security for 2 years in Nanjing, sell existing housing and purchase new commercial housing | Up to 80,000 yuan |
| Singles | Age over 30, sell existing housing and purchase new commercial housing | Up to 50,000 yuan |
Policy implementation details
1. Subsidy application time: November 1, 2023 to December 31, 2024
2. Subsidy issuance method: After the purchase contract is signed and registered online, the subsidy funds will be directly transferred to the buyer's bank account.
3. New house requirements: The construction area must be greater than the original sale of housing, and it is newly built commercial housing within Nanjing City
4. Old house requirements: It is necessary to be a complete house with real estate certificates within Nanjing.
Market response data
| index | Before the policy is released | After the policy is released | Amplitude of change |
|---|---|---|---|
| Second-hand house listings | Average per day 200 sets | Average per day 350 sets | ↑75% |
| Consultation volume of newly built commercial housing | Average daily 500 people | Average daily 1,200 people | ↑140% |
| Improved housing transaction share | 35% | 48% | ↑13 percentage points |
Expert interpretation
Experts in the real estate industry said that Nanjing's policy has multiple positive significance:
1.Revitalize the existing market: Through the "old trade-in" method, the circulation of the second-hand housing market can be effectively promoted and vitality into the new housing market.
2.Support improvement needs: Accurately targeting the groups with improved housing needs, which will help improve the quality of residents' living.
3.Stabilize market expectations: During the current adjustment period of the real estate market, this policy sends a clear signal that the government supports reasonable housing needs.
Comparison with other urban policies
| City | Policy Type | Subsidy cap | Implementation time |
|---|---|---|---|
| Nanjing | Old trade-in subsidy | 100,000 yuan | 2023.11-2024.12 |
| Hangzhou | House purchase coupons | 50,000 yuan | 2023.9-2024.6 |
| Chengdu | Deed tax subsidy | Full subsidy | 2023.10-2024.3 |
| Guangzhou | Talent housing purchase subsidy | 500,000 yuan | long |
Potential impact analysis
1.Impact on home buyers: Directly reduce the cost of improving home purchases, which is expected to significantly increase the speed of releasing improvement demand.
2.Impact on developers: It will help speed up the sales of new houses and alleviate inventory pressure, but may intensify competition for homogeneity of products.
3.Impact on the second-hand housing market: The surge in the listing of second-hand houses in the short term may lead to price pressure, but in the long run, it will be conducive to the increase in market activity.
Citizen feedback
Random interviews showed that about 65% of the citizens surveyed said that the policy was "attractive", 25% said that it would "consider", and only 10% said that it was "not interested". Most citizens pay attention to the specific implementation rules and application procedures of the policy.
Summarize
The introduction of Nanjing's "old-for-new" housing purchase subsidy policy is an important measure for local governments to implement policies based on the city to promote the stable and healthy development of the real estate market. This policy accurately connects with the demand for improved housing and reduces the cost of buying a house through fiscal subsidies, which is expected to significantly boost market confidence in the short term. What is the subsequent market response? It is also necessary to observe the follow-up of policy implementation and other supporting measures.
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