Hangzhou launched a new real estate policy to restore areas that are not allowed to build houses, and the down payment for second-hand houses dropped to 40%. The implementation of these policies has a great impact on the local property market and will significantly increase the transaction volume of local real estate. It can inject vitality into the local real estate market and will drive the stable development of the local real estate market. After the implementation of these policies, it may make the situation of Hangzhou real estate market in a persistent downturn better.
The implementation of these new policies can stabilize local housing prices to a certain extent, avoid the ups and downs of housing prices, prevent the local property market from continuing to slump, and the housing prices continue to fall, which will have an extremely bad impact on local economic development. After the implementation of these new policies, the number of buyers will increase significantly, the development of the real estate market will tend to be stable, and house prices will remain stable and normal.
Hangzhou resumed mortgage, and the down payment for the second suite dropped to 40%. The implementation of these policies can significantly reduce the local purchase cost, make more people who just need it have the ability to buy real estate, and make people who want to buy improved housing no longer wait and see. This is good for the stability of the property market. After the New Deal landed, the watchers stopped watching, but quickly chose to buy the real estate that suits them and signed the purchase contract as soon as possible.
Hangzhou has introduced a number of new policies to purchase houses. It can also be seen from these policies that the mortgage policy in Hangzhou has been implemented in a very comprehensive way, and interest rate cuts have a good guiding role. For the previous restricted areas, the cost of mortgage application has been greatly reduced, which will give many young people working in Hangzhou the opportunity to buy a house, own their own property and settle down in Hangzhou. In order to stabilize the real estate market and promote the stable development of the property market, Hangzhou has issued a number of favorable policies, which can reduce the purchase cost of buyers and make more people qualified to buy houses. These policies can promote the development of Hangzhou property market and usher in a new spring.