Data map: A scene in Zhengzhou.

Photo by Ding Youming

　　Zhongxin Finance, March 2 (Zuo Yukun) On March 1, the website of the General Office of the Zhengzhou Municipal People's Government released the "Notice on Promoting the Virtuous Cycle and Healthy Development of the Real Estate Industry" (hereinafter referred to as the "Notice").

　　From the loosening of "recognizing housing and loaning" to guiding financial institutions to lower housing loan interest rates, this new first-tier and provincial capital city has made "nineteen moves".

The industry believes that this makes Zhengzhou the first city in the country to fully relax restrictions on purchases and loans this year.

Cancel the "recognizing the house and renewing the loan"

　　The biggest highlight of the "Notice" is that it proposes to reduce the burden of personal housing consumption.

Guide financial institutions in Zheng to increase the provision of personal housing mortgage loans and reduce housing loan interest rates.

For families who own a house and have paid off the corresponding house purchase loan, in order to improve their living conditions and apply for a loan to purchase ordinary commercial housing again, banking financial institutions implement the first-home loan policy.

　　"The above requirements clearly cancel the 'recognizing house and subscribing for loans', which will substantially reduce the cost of house purchase, stimulate the release of demand for improvement of house replacement, and accelerate the repair of the bottom of the Zhengzhou market." The Shell Research Institute believes that this also means that Zhengzhou has become the first to cancel the A big city that "recognizes housing and mortgages".

　　"Zhengzhou's second-home identification policy has become the first home as long as it meets the purchase restriction and does not owe a mortgage, which is even more relaxed than 'recognizing a house without a loan'." Centaline Real Estate Research Institute pointed out that Zhengzhou is the 16th country in the country since 2022 to reduce the down payment. The city is also the first city to lower the threshold for improving demand for down payment commercial loans.

　　"This is bound to reduce the cost of buying a house, and it is also in line with the current mainstream policy of the home buying market, which is to ensure rigid demand and support improvement. Subsequent transactions such as large units are bound to speed up, which will have a positive effect on the destocking of housing projects." E-House Research Institute Think Tank Center Research director Yan Yuejin believes that.

Data map: A building under construction in Beilonghu, Zhengzhou.

Photo by Dong Fei

The Big Benefit of Improved Housing

　　The "Notice" proposes that, in order to meet the needs of home care for the elderly, if their children and close relatives work and live in Zheng, the elderly are encouraged to come to Zheng for the elderly, and they are allowed to buy a new house for their family.

　　"This is actually the cancellation of the purchase restriction. The elderly can buy a new house. This is unconditional and increases the number of houses that can be purchased by such families." Yan Yuejin believes that the relaxation of the policy has changed from the previous encouragement of housing loans, Reducing the down payment began to enter the relaxation of purchase restrictions, which has a positive effect on the increase in the number of homes purchased by home buyers, and the signal is more meaningful.

　　The "Notice" also clarifies that it supports residents' needs for improved housing.

Residents who sell small to buy large or sell old to buy new due to the increase in family population and improved income conditions can provide convenience in terms of personal mortgage, online visa filing and real estate registration procedures within the limit of household purchases.

Data map: A citizen of Zhengzhou Beilonghu passed by a building under construction.

Photo by Dong Fei

or more cities to follow

　　"Zhengzhou's real estate market is encountering some small difficulties now, and there will be no major problems in the future. The market demand is stable and expected, and the supply side is also being optimized and adjusted." In the middle of this month, Zhengzhou Acting Mayor He Xiong once said.

　　The Central Plains Real Estate Research Institute also pointed out that Zhengzhou suffered from the double impact of the epidemic and floods last year, and the real estate market and enterprises also encountered greater pressure.

According to data from the National Bureau of Statistics, the price of newly built houses in Zhengzhou in January fell by 0.2% month-on-month, and the price of second-hand houses also fell by 0.2%. The introduction of policies to stabilize the property market is to stabilize the economy.

　　Yan Yuejin believes that Zhengzhou, as the provincial capital city, has a systematic and comprehensive property market relaxation policy operation, which is more worthy of attention than the recent practice of relaxing down payment in third- and fourth-tier cities, indicating that second-tier cities have also begun to enter a stage of continuous policy relaxation.

　　From the beginning of 2022, the property market policies of various cities have been released intensively, and the transition from low- and medium-energy-level cities to medium- and high-energy-level cities is underway.

"In particular, more policies aimed at rigid demand and improving demand will appear in the recent blowout." Zhang Dawei said.

　　The national real estate market as a whole is in the process of building a bottom, and the Shell Research Institute predicts that the "little spring" of the real estate market will have the conditions to appear in many places.

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