Property prices continue to repair
The property price index, which was released last week by the Rating and Valuation Department, continued to rise, although the increase seems to have been slowed down by a spicy move and a sharp increase of more than 2% for two consecutive months.
The latest situation is, Liang Zhenying in July 2012 when the private property prices index 206.1 points, the latest property price index in May this year is 333.1 points, private property prices rose about 62%, although there are still June data to be 7 Announced at the end of the month, but the initial can be predicted, Liang Zhenying term property prices rose about 62% to 64%.
In May this year, when the property price index was compared with that of 20 years ago and July 1997, the property price index was 167.2 points, which doubled, up by 99%, that is, 2017, as of May, about 1997 Year in July when the return of property prices 1 times. In fact, in 2003, the property price index low see 58.4 points, compared to the figures in May this year, property prices rose as high as 470%.
Look back many times to stop the city effectively affect property prices
Curb the property market since the beginning of 2009, the government began to look at the past, look at the past many times to move, there is real effect on property prices (move the month than last month, as well as move the next month than the monthly rate of change):
October 2009 – more than $ 60 million property mortgage ceiling of 6%
The monthly increase in property prices rose from 1.4% to only 0.5%
? August 2010 – more than 12 million yuan property mortgage ceiling of 6%, non-owner property mortgage ceiling of 60%, set interest rates by 2% pressure test
Property prices rose from 2.4% to only 0.8%
November 2010 – Extra stamp duty (SSD), over $ 8 million and over $ 12 million in properties, down to 6% and 5% respectively; 8%
Property prices rose slightly from 2.2% to 0.4%
? June 2011 – more than 7 million yuan and more than 10 million yuan of property, mortgage into the number were reduced to 6 percent and 5 percent; 7 million yuan the following property up to 70%
Property prices rose from 1.2% to 1.4%, reflecting strong efforts
• In September and October 2012, the upper limit of the income ratio of borrowers with multiple mortgage properties was reduced to 4%, the extension of the additional stamp duty (SSD) was extended from 2 years to 3 years and the tax rate was raised to 5% To 20% range, the implementation of the buyer stamp duty (BSD)
Property prices rose from 9 to 11 months, with monthly gains narrowing from 3.3%, 2.7% to 1%
February 2013 – Mortgage stress test increased to 3%, double stamp duty (DSD)
Property prices narrowed from 3.2% to rampant
? February 2015 – 7 million yuan for the following residential mortgage down the number of up to 1 into
Property prices narrowed from ramp up to 2.4%
? November 2016 – 15% stamp duty
Property prices narrowed from 0.8% to 0.2%
In April and May of 2017, tightening of a taxpayment arrangement of about a few loans, a tightening of mortgages in May, a reduction in the number of mortgages, including a number of mortgage loans, and a 10 percentage point cut for outsiders.
The Schedule shows that temporary property prices have narrowed from 1.2% to 1.2%. As the Hong Kong Government moves for two consecutive months, the specific performance of property prices should be reflected in the June index.
In addition, if the property prices were revised upwards in recent months, the property prices were revised upwards. Mr Tang last month pointed out that most of the economic data. The estimated property prices in the near term were mostly temporary figures. Second-hand transactions will be submitted to the Land Registry later. However, if the number of months announced this year is clearly revised upwards, there is reason to believe that the collection of sufficient figures should be closer to the recent transaction, the price The higher, and then pull the overall price index had to adjust upward, this trend has not changed.
And in the past property prices slow down after the recent rise again, this performance and how?