The down payment ratio of multi-local mortgages fell to a minimum of 20%,
and real estate stocks generally rose across the board yesterday .
After Heze, Shandong, there was news that the mortgage down payment ratio was lowered in other regions.
Yesterday, information from multiple channels showed that many banks in Chongqing and Ganzhou, Jiangxi have also reduced the down payment ratio for the first home loan to 20%.
Stimulated by the reduction in the down payment ratio of housing loans in many places, yesterday, Hong Kong stocks and A-share real estate stocks generally rose across the board.
Bank initiatives
First home loan after the Spring Festival
Down payment ratio down
Jiangxi Ganzhou real estate agency confirmed to the media that the minimum down payment ratio for the first home loan in Ganzhou has been reduced to 20%. At present, large state-owned banks and some joint-stock banks are implementing this home loan policy. If the second home is in the non-restricted area, the down payment will be 30%. 50% down payment.
The credit manager of a large local state-owned bank said that the minimum down payment ratio for the first home in Ganzhou can be reduced to 20%, but not all buyers can enjoy the minimum ratio, and it depends on the specific situation of the developer and the real estate.
A real estate agent in Chongqing said that after the Spring Festival this year, he received a notice from the bank that home buyers meet the one-year social security requirements, and the down payment ratio for the purchase of the first home will be reduced to 20%.
According to reports, as of February 16, the first home down payment ratio for banks such as Chongqing Industrial and Commercial Bank, Postal Savings Bank, China Merchants Bank, Industrial Bank, China CITIC Bank, China Everbright Bank, Hua Xia Bank, and Chongqing Bank can be reduced to a minimum of 20%.
However, for the second suite (settled) and the second suite (one unsettled), the down payment is still 40%.
There is no restriction on the purchase of housing in Chongqing.
According to the "Notice on Issues Concerning Adjusting Personal Housing Loan Policies" issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission in February 2016, in cities that do not implement "purchase restriction" measures, commercial personal housing loans for households purchasing ordinary housing for the first time, in principle The minimum down payment ratio is 25%, which can be adjusted downward by 5 percentage points.
At the same time, banking financial institutions should take into account the minimum down payment ratio requirements determined by the provincial market interest rate pricing self-discipline mechanism, as well as the institution's commercial personal housing loan policy, risk prevention and control and other factors, and based on the borrower's credit status, repayment and other factors. The specific down payment ratio and interest rate level should be reasonably determined according to the ability and so on.
Industry analysis
Demand-side underpinning policy at the local level
will continue to
Xiao Feifei, chief analyst of the banking industry of CITIC Securities, believes that the reduction of the down payment ratio for the first home in some areas is still within the floating range stipulated in the regulatory documents. , stabilizing expectations” countermeasures.
The adjustment of the down payment ratio of home buyers in Heze this time marks the beginning of the optimization of demand-side policies. The subsequent demand-side policies in various regions are expected to be promoted according to the sales situation, and there is also room for adjustment and optimization of real estate financing policies.
CITIC Securities believes that local demand-side support policies will continue to be introduced.
In the real estate policy, the demand side belongs to the category of the local government's city-specific policies.
Demand-side policies include housing purchase subsidies for specific groups of people (such as migrant workers, newly employed college students and other new citizens), tax reductions and exemptions for housing transactions, adjustment of down payment ratios, optimization of first home standards, and increase in provident fund loan quotas.
The Sinolink Securities Research Report also believes that more cities will introduce measures to reduce the down payment ratio and mortgage interest rates in the future.
It is expected that the focus of the stock market will gradually switch from the stable state-owned enterprises to the highly flexible private enterprises.
Stimulated by the reduction in the down payment ratio of housing loans in many places, yesterday, Hong Kong stocks and A-share real estate stocks generally rose across the board.
A-share Tahoe Group rose by the daily limit, Gemdale rose 6.47%, China Merchants Shekou, Poly Development, and Seazen Holdings all rose by more than 5%, and Vanke rose 3.43%; Hong Kong-listed Greentown China rose 7.02%, China Resources Land rose 4.92%, Sunac China Up 4.73%, Shimao Group, Kaisa, R&F Properties, and Country Garden all rose more than 2%.
This group of articles / coordinator of our reporter Cheng Jie / Yu Meiying