Will the faucet industry be affected by the continuous introduction of purchase restrictions?
With the release of Beijing’s real estate purchase and loan restrictions, Guangzhou, Shanghai and Shenzhen have also introduced new housing policies. The new purchase restriction policy is not only fully implemented in the four first-tier cities, but also gradually expanded to the third- and fourth-tier cities. It is understood that the relevant purchase restriction policies in various regions are still being “patched.” So, will this new housing policy affect the faucet industry?
New purchase restrictions are fully implemented in the four first-tier cities
On March 17, Beijing issued a new policy requiring that “a household that already owns a house in this city under the name of a resident, and who does not have a house in this city but has a record of commercial housing loans or provident fund housing loans, purchases ordinary self-owned housing The down payment ratio is not less than 60%, and the down payment ratio for purchasing non-ordinary self-owned houses is not less than 80%.” On the evening of the 17th, Guangzhou also introduced new control policies. The threshold for non-registered population to purchase a house has been extended from 3 years of continuous payment of social security or individual tax to 5 years; adult singles or divorced persons can only purchase one set, which refers to the “false divorce” house purchase loophole. “From Shanghai to Shenzhen, from Beijing to Guangzhou, housing and loan recognition have been fully implemented in the four first-tier cities. Policy tools are convergent.” said Li Yujia, a senior researcher at the Shenzhen Real Estate Research Center.
This round of regulation is gradually extended to third- and fourth-tier cities
With Beijing as the center, since March, four cities in Hebei, including Zhuozhou, Baoding Laishui County, Zhangjiakou Chongli District, and Shijiazhuang, have successively introduced purchase restrictions. Jiashan County, Zhejiang Province, in the Shanghai area, has imposed restrictions on the purchase of new and second-hand houses, and has clearly suspended the sale of newly-built commercial housing to non-resident households in Jiashan County who own one or more houses in Jiashan County. “Zhuozhou, Laishui County in Hebei Province, and Jiashan County in Zhejiang Province have introduced regulatory policies, indicating that the spillover effects of Beijing-Shanghai first-tier cities are gradually magnifying.” said Zhang Hongwei, director of the research department of Tongce Consulting, and this round of regulation has moved from first-tier cities to hot second-tier cities. Expand to some third- and fourth-tier cities.
Relevant purchase restriction policies are still being “patched”
Nanjing, known by the industry as the “Four Little Dragons” in the property market, has made it clear that from March 16th, Nanjing households will be fully restricted from purchasing a third house, while non-residents will be restricted to the Gaochun, Lishui and Liuhe districts. This is Nanjing since August, September, and October last year, after successive tightening of the property market policy, once again increased regulation. However, Zhengzhou, which has twice introduced property market regulation and control, has made it clear that all social security certificates and individual tax payment vouchers that have been paid back after March 17 will no longer be valid vouchers for house purchases, and will be counted for February’s “repayment.” Regulations to be amended
The property market has a lagging effect on the faucet industry, and the impact is not significant
For the faucet industry, the real estate industry is subject to the national macro-control and has a strong cyclicality, but the impact of real estate on the faucet industry is lagging. The faucet industry has a higher correlation with the delivery time, while the speed of real estate companies’ delivery is relatively stable. In addition, the proportion of renovation and renovation of stock houses is also increasing, especially in the first-tier key cities. The proportion of renovation and renovation of second-hand houses and stock houses has accounted for more than 30%, and is increasing year by year. Therefore, the real estate regulation is stricter, and the impact on the board, floor, wooden door, furniture and other industries is not significant.
Since the end of the two sessions, all regions have introduced more stringent purchase restriction policies than before, spreading across the country. Among them, first-tier cities and some provincial capitals have been more profoundly affected. Under this situation, although the real estate control policy has a lagging effect on the faucet industry, the current impact is not large, but the pressure on the transformation and upgrading of major faucet companies is still severe. The only way to focus on original output, improve service quality, and use the best quality The products that meet the needs of consumers can only laugh at the unpredictable industry market.