和讯网消息 房地产调控进入深度博弈阶段，一边是中央政府三令五申地强调绝不放松，另一边是地方政府们越来越蠢蠢欲动突破底线。

Real estate HeXunWang news into the depth control game stages，On one side is the central government SanLingWuShen emphasis on never relax，The other side is the local government for more and more break through the bottom line。

　　7月26日，中山住房公积金管理中心公布新政：8月1日起，中山二套房首付五成，二套房公积金贷款率上浮10%，贷款额度降到30万。而且，二套房住房存量将以家庭为单位计算。8月1日前已受理的贷款申请审批不受影响。

July 26,，Zhongshan housing accumulation fund management center announced New Deal：August 1,,，Zhongshan two suites down fifty percent，Two suites accumulation fund loans rise 10%，Loan amounts to 300000。and，Two suites housing stock will family unit calculation。August 1 already accepted loan application for examination and approval shall not be affected。

　　中山住房公积金单位相关负责人介绍，8月1日起，中山公积金贷款额度从35万元降到30万元，两名共同申请人贷款额度为50万元；公积金贷款利率上浮10%；公积金贷款仅限建筑面积144平方米以内或套内面积120平方米以内的普通住房；而且新政策“认房又认贷”，只要是二套房，即使是第一次申请公积金贷款都需要首付5成，利率上浮10%。此外，8月1日起停止“购买车位可提取公积金”政策。

Zhongshan housing accumulation fund the relevant person in charge of the unit is introduced，August 1,,，Zhongshan accumulation fund loan amounts to 300000 yuan from 350000 yuan，Two common the applicant loans for 500000 yuan；Accumulation fund loan interest rates rise 10%；Accumulation fund loan only to be a building area of 144 square meters or within set inside area of 120 square meters within the common housing；And the new policy“Recognize room and recognition credit”，As long as it is two suites，Even if is the first time to apply for accumulation fund loan was down to 5 into，Interest rates rise 10%。In addition，August 1,, to stop“Buy parking can be used to extract the fund”policy。

　连续两次放松调控 Two successive relax regulation

　　对于中山此次公布的新政，经济学家马光远向和讯网表示，“这是很明显在违背中央调控的本意，首套房将至五成，将会吸引更多的投资性需求入市，这样的政策应该坚决被制止，同时一定要实行问责。”

For the publication zhongshan New Deal，Economists MaGuangYuan to HeXunWang said，“This is obviously in the central control against the point，The first suites will from fifty percent to，Will attract more investment demand market，Such policies should be firmly be stopped，At the same time must implement the accountability。”

　　马光远认为，像南京、中山这样的微调政策中央政府应该马上制止，这样的政策可以刺激一时的房地产市场繁荣，但对于整个中国经济的健康发展起到了非常负面的作用。他指出，一旦房地产调控放松，本来打算进入制造业等实体经济的资金和资源又会回流到房地产，加剧中国经济结构的失衡，同时，房地产巨大的“虹吸效应”势必让刺激内需的政策再次落空，面对高昂的房价，有谁会安心的去真正消费？

MaGuangYuan think，Like nanjing、Zhongshan such fine-tuning policy should soon put a stop to the central government，Such policies can stimulate the moment of real estate market prosperity，But for the whole the healthy development of China's economy has played a very negative role。He pointed out that，Once the real estate regulation to relax，Was going to enter manufacturing industries such as economic entity of money and resources and back into real estate，China's economic structure of the unbalance of increased，At the same time，Real estate huge“Siphon effect”Certainly will let boost domestic demand policies fail again，Faced with high house prices，Who will be the peace of mind to real consumption？

　　有市场人士认为，中山此次涉及的新政确实有很大的放松迹象，二套房首付款降低，很明显将对投资性需求放开，而中山选择这样的时间点公布或将面临一定的政治风险，因为目前国务院督查组还在调研。

Some market experts think，Zhongshan the New Deal involved are really great signs of relaxation，Two suites in head down，Obviously will go to the investment demand，And choose such time point of zhongshan announced or will be faced with a certain political risk，Because the current DuZhaZu under the state council in research。

　　据了解，为稳定房地产调控，国务院派出督查组于近日对16个省(市)贯彻落实国务院房地产市场调控政策措施情况开展专项督查。国务院此次督查的重点是检查住房限购措施执行情况，差别化住房信贷政策执行情况，住房用地供应和管理情况，税收政策执行和征管情况。对落实房地产市场调控政策措施有偏差、不到位的，国务院督查组将督促进行整改。

According to understand，Real estate for stability control，The state council DuZhaZu sent in to 16 provinces recently(city)Implementation of the real estate market regulation policy measures under the state council to launch special superintendent himself。The state council of protecting the check is the focus of the housing 限购 measures implementation，Differentiation housing credit policy implementation，Housing land supply and management，Tax policy implementation and collection。The real estate market to implement policies and measures to control a deviation、Not in the position of，The state council DuZhaZu will urge for improvement。

　　督查的地区是：北京市、天津市、河北省、辽宁省、吉林省、上海市、江苏省、浙江省、福建省、山东省、河南省、湖北省、湖南省、广东省、重庆市、四川省。对其他地区落实情况，国务院有关部门也将通过各种方式进行督促检查。

The area is superintendent himself：Beijing、tianjin、Hebei province、Liaoning province、Jilin province、Shanghai、Jiangsu province、Zhejiang province、Fujian province、Shandong province、Henan province、Hubei province、Hunan province、Guangdong province、chongqing、Sichuan province。To carry out the situation in other areas，The relevant departments of the state council will also through various ways supervise and check。

　　而实际上，中山此次新政的出台算起来已经是今年的第二次了。4月10日，中山市国土局发布《关于我市2011年下半年住房平均交易价格的通告》，将中山市住房平均交易价格将执行新标准提高到城区为7696元/平方米、镇区为6290元/平方米(按套内面积计算)。

And in fact，Zhongshan the New Deal the promulgation of the well is the second this year。April 10，Zhongshan city land bureau release《About our city in the second half of 2011 housing average transaction price notices》，Zhongshan city average transaction price will housing will carry out the new measures to improve the city for 7696 to yuan/square metre、Township for 6290 yuan/square metre(Press set inside area is calculated)。

　土地财政与稳增长的矛盾 With the growth of financial stability land contradiction

　　这样连续两次的放松楼市之举，在里昂证券地产行业研究部区域主管王艳看来这也很正常。王艳向和讯网表示，一直以来，地方政府都有放松房地产调控的动力，这主要与土地财政有关，在没有解决好土地财政之前，这始终是一个矛盾。

So two successive relaxation for the property market，The real estate industry in Lyon securities research area supervisor seems it is very normal wang yan。Wang yan to HeXunWang said，Has been，The local government has relaxed control power of real estate，The main and land financial relevant，Have solved a good land financial before，This is always a contradiction。

　　根据中山市国土资源局公布的数据显示，上半年土地供应面积为225.3万平方米，同比下降了56%，成交面积为201.4万平方米，不足2011年同期的一半。房价方面，中山上半年商品房成交均价为5599元/平方米，比去年全年均价下跌下跌7.74%。

Zhongshan city bureau of land and resources, according to data released by the display，In the first half land supply area of 2.253 million sq. Meters，A 56% decline from，Clinch a deal the area of 2.014 million sq. Meters，Less than 2011 in the same period of the half。In house prices，In the first half of the price for zhongshan commodity house 5599 yuan/square metre，Last year fell down than average of 7.74%。

　　另外，今年一季度中山土地公开交易共1528亩，折合约102万平方米。与去年同期相比下降近56%，土地收入减少近一半，约13亿元。二季度的数据虽然还未出来，但市场人士多认为，整个上半年中山的土地成交情况都较为冷清。

In addition，Zhongshan land publicly traded first quarter of this year, 1528 mu，Or about 1.02 million square meters。Compared with the same period last year down nearly 56%，Land income decrease nearly half，About 1.3 billion yuan。The second quarter figures are not out，But the market more than people think，In the first half of the zhongshan land deal are relatively quiet。

　　无疑土地财政是当前房地产市场中待解的难题。王艳还指出，从许多地方出台的微调政策来看，只要不涉及到限购的核心本质，大部分中央政府也是默许的，中央以及各部门三番两次的表态“不放松”，其实仅仅是一个“吓唬”姿态，因为从经济增长来看，中央也需要房地产的带动。

Finance is the current land is in real estate market for solution of the problem。Wang yan also pointed out that，From many places on the introduction of the fine-tuning policy and see，As long as not related to the core essence of 限购，Most of the central government is also the tacit approval，The central and departments of the two three transgressions comment“Don't relax”，In fact just a“scare”attitude，Because of the economic growth and see，The central also need real estate drive。

　　不过，王艳也认为，政府在房地产调控与稳定经济发展的两个目标间寻求平衡其实很难把握。马光远对此也强调，既想保经济，又想调控房地产，这怎么可能？

but，Wang yan also think，The government in real estate regulation and stable economic development between the two goals to seek a balance in fact it difficult to grasp。MaGuangYuan are emphasized，Both want to the economic，And they want to control the real estate，How could it be？

　　著名经济学家、中欧国际工商学院经济学与金融学教授许小年也认为，不解决地方政府的土地财政问题，不放弃稳增长的目标，楼市调控政策就缺乏公信力。预期调控放松，人们就去买房，楼价于是反弹。

Famous economist、China Europe international business school professor of economics and finance XuXiaoNian also think，Don't solve the local government land financial problems，Don't give up on the goal of growth，Market control policy is lack credibility。Expected relax regulation，People will go to buy a house，Property prices and rebound。

　　中金公司首席经济学家彭文生在7月初发布的研究报告上也持相同看法。他认为，随着总体宏观政策对稳增长力度的加强，对房地产调控政策放松的预期也有所增加，一些地方房地产市场呈现回升的迹象。促进内需的逆周期操作，要求相对宽松的货币环境，与控制房地产泡沫存在一定矛盾。

Cicc chief economist PengWenSheng early July in a research report published on also said the same。He thinks，With the steady growth of overall macro policy efforts to strengthen，Real estate control policies to relax expected also increases，Some local real estate market present picks up signs。Promote the inverse of the domestic demand cycle operation，Request relatively easy monetary conditions，And there are some control real estate bubble contradiction。