Baicheng cuts mortgage interest rate
Recently, many banks in Nanjing revealed to the media that the mortgage interest rate has been continuously lowered recently, and the interest rate of the first home loan is between 5. 1%-5.5%. The mortgage interest rate decreased 10-60 basis points compared with March. The real estate agent in Nanjing revealed that Nanjing recently adjusted the criteria for determining the interest rate of the first home loan, that is, if the old home loan has been settled and the new property has a down payment of 50%, it can be implemented according to the interest rate of the first home loan.
Not only Nanjing, but also Foshan, Guangdong, Lanzhou, Gansu, Sichuan, Shandong and other places have continuously lowered mortgage interest rates this year. For example, the mortgage interest rates of the first and second suites of some banks in Shanghai dropped from 9.5 fold and 5.7 fold to 4.95 fold and 5.65 fold respectively; Many banks in Shandong cut mortgage interest rates by 20-45 basis points.
At the press conference on financial statistics of the first quarter of 2022 held on April 14, Zou Lan, director of the Financial Markets Department of the People's Bank of China, said that since March, due to the weakening market demand, banks in more than 0/00 cities across the country have independently lowered their mortgage interest rates according to market changes and their own operating conditions, with an average range of 20-60 basis points.
The policy is also being further adjusted. On April 18, the People's Bank of China and the State Administration of Foreign Exchange issued the Notice on Doing a Good Job in Financial Services for Epidemic Prevention and Control and Economic and Social Development, proposing to improve financial services in the housing sector, reasonably determine the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within their jurisdiction, and better meet the reasonable housing needs of buyers.
After a series of policies to reduce mortgage interest rates have blossomed all over the country, there has also been a big move to reduce the down payment ratio. On April 28th, Guangdong became the first province in China to explicitly adjust the down payment ratio. Guangdong issued the Action Plan of Guangdong Province for Financial Support to Enterprises Affected by the Epidemic to Stabilize Economic Growth, which clarified the implementation of differentiated housing credit policies due to the city's policy, and reasonably determined the minimum down payment ratio and minimum loan interest rate requirements for commercial personal housing loans within its jurisdiction. At the same time, banks are encouraged to reasonably determine mortgage standards for new citizens who meet the requirements of the housing purchase policy, have the ability to purchase houses and have relatively stable income, and improve the convenience of loan repayment.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, said, "Guangdong is the first province in China that requires a lower down payment at the provincial level. From this point of view alone, Guangdong is enthusiastic and proactive, which has a positive effect on guiding subsequent local governments and banks to reduce the down payment ratio and actively reduce the cost of buying houses. "
Restricted purchase and sale fancy loosening
The common policy of restricting purchases and sales in the real estate market is also quietly changing. On April 28th, Zhongshan, Guangdong Province relaxed the purchase restriction policy for people above junior college. Zhongshan Municipal Bureau of Human Resources and Social Security issued the Notice on Further Optimizing the Safeguard Measures for Talents' Living in Our City, proposing that "any non-Zhongshan registered talents with college education or above, professional and technical qualifications, professional qualifications or vocational skill level certificates are allowed to purchase 1 set of new commercial housing in the whole city, and the housing shall not be listed and traded within two years from the date of online signing".
Previously, Nanjing also revealed on April 27 that the conditions for non-local households to apply for housing purchases have been adjusted, from the previous "paying social security or individual taxes for two consecutive years or more in Nanjing within three years" to "paying personal income tax or social security for six consecutive months in Nanjing within one year (not counting overdue)". As of April 24, the policies of more than 30 cities involved restrictions on purchases, loans, sales and prices.
Yan Yuejin pointed out that from the policy content of Nanjing 20 17, it is stipulated that foreigners need to pay social security for two years when buying a house. In other words, under the new policy, buyers who have only six months of social security can also enjoy the qualification to buy a house. This also shows that the purchase restriction policy is relaxing. Similar policies fully show that the current housing purchase policy in Nanjing market has indeed loosened, which also reflects the trend of loosening policies in hot second-tier cities.
Yan Yuejin believes that such relaxation will be of great help to promote the destocking of the real estate market. Of course, similar relaxation is not unconstrained relaxation. By setting a certain number of years to limit sales, it will also help to promote the return of housing transactions to self-occupation demand, rather than investment speculation demand.
In addition, the distribution of consumer gift packages is still an important measure to encourage housing consumption. Jiangmen City, Guangdong Province stipulates that starting from 0: 00 on April 28, a number of buyers who purchase new commercial housing in Jiangmen City and go through the signing procedures will issue purchase vouchers according to the construction area. Among them,/kloc-5,000 yuan coupons will be issued for houses above 0/00 square meters, and 3,000 yuan coupons will be issued for houses below 100 square meters to stimulate the property market to pick up.
The market is expected to stabilize gradually.
According to the data released by the National Bureau of Statistics, in March, among 70 large and medium-sized cities, the number of cities where the sales price of commercial housing decreased month-on-month decreased year-on-year. The sales price of commercial housing in cities of each line has stabilized month-on-month, with a year-on-year decline or a slowdown in growth rate.
Among the 70 large and medium-sized cities in March, the sales prices of newly-built commercial houses and second-hand houses decreased by 38 and 45 respectively, which were 2 and 12 less than last month.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that loose real estate credit is the main reason for market stability. "Overall, the main feature of the national real estate market in March was that with the stability of regulatory policies, the increase of credit supply and the emergence of the bottom of policies, the market gradually took the lead in showing the bottom characteristics in first-and second-tier cities, and third-and fourth-tier cities also narrowed the downward adjustment of house prices because of frequent easing policies." He said.
In April, the policy was relaxed. According to the statistics of the Central Plains Real Estate Research Institute, in April, nearly 20 cities including Quzhou, Qinhuangdao, Mianyang, Lanzhou, Dalian, Lishui, Suzhou and Nanning issued real estate easing policies with different strengths. In the first quarter of 2022, the number of various real estate control policies was as high as 157, while in the same period it was 202 1, which was 135, that is, 2022.
According to the report on the second-hand housing market in April 2022 released by Real Data on April 28th, the interest rate of the mainstream first home loan in key cities in April this year was 5. 17%, and the interest rate of the second home loan was 5.45%, which was 17 and 15 basis points lower than last month, respectively, and the interest rate level was 20/. The average loan period in April was 29 days, 5 days shorter than last month. The lending rate is also the fastest month since 20 19. It is expected that more cities will reduce the down payment ratio of commercial loans and mortgage interest rates in the later period, and adjust the "loan recognition" standard. The first set of interest rates in more cities is expected to drop to the benchmark of 4.6%, which will help reduce the cost of buying houses and support the release of housing demand.
"With the gradual stabilization of the policy, especially in the fourth quarter of 2002/KLOC-0, the credit policy tends to be stable, and the central bank constantly releases information on maintaining stability, and the personal mortgage data has stopped falling and rebounded. For the market, it is expected that it will gradually stabilize in the next few months. After the policy bottomed out, there were more and more easing policies. The bottom of the market is expected to accelerate in the third quarter of 2022, but we need to be alert to the impact of the epidemic. " Zhang Dawei said.
Reporter Feng Tao Lu Yinling