Nanjing and Suzhou, which have been at the forefront of property market loosening since this year, finally ushered in a key move, canceling the "recognizing house and subscribing for a loan" and greatly reducing the down payment ratio.

  The first to spread the news is Nanjing.

On August 12, a news circulated that Nanjing lowered the down payment ratio of commercial personal housing loans, which mentioned that if there is one and only one mortgage loan in the name, the down payment when purchasing a house is reduced from the original 80% to 6%. If the mortgage under the name is settled, the down payment will be reduced from 50% to 30%.

  On the 12th, Yicai learned from a local intermediary in Nanjing that the new regulation is true.

"However, the specific implementation still depends on the developer," the agency said, "The down payment for the core sector Henan is still 80%, the minimum down payment for the southern new city is 50%, and most projects in the non-core area are implementing the new regulations of 30% down payment. already."

  The sales of a project in Nanjing Yanziji Plate also confirmed to reporters that its project is already implementing this policy. After the mortgage is settled, the down payment ratio is 30%.

  This new regulation is equivalent to changing Nanjing's past "recognizing houses and recognizing loans".

Previously in Nanjing, if there is a house in the name, no house purchase loan record, or a house buyer with a loan record that has been settled, the second house purchase belongs to the second house, and the down payment ratio is at least 50%; if there is an unsettled house loan, the down payment is required. The ratio is as high as 80%.

Now, after the loan is settled, the down payment ratio can be as low as 30%, which greatly reduces the threshold for purchasing a house.

  On the same day, Suzhou also implemented the same new regulations, reducing the down payment ratio for second homes, that is, after the loan is settled, when purchasing a house, the down payment ratio is reduced from the previous 50% to 30%; the loan is not settled, the down payment ratio is also From the previous 80% to 60%.

Yicai learned from insiders in the Suzhou real estate industry that the policy is true.

  Kerui pointed out that at present, the new housing market in Suzhou is still dominated by improvement, and the down payment is the pain point for many improvement home buyers, because the demand for improvement is generally the second or even the third time to buy a house. In the past, the down payment started at 50%. If the loan is not settled, 80% of the down payment is required, and the high threshold has obvious constraints on the transaction.

  An insider of a real estate company told Yicai that in the current market environment, investment demand has basically disappeared, and the current adjustment of the loan restriction policy is aimed at fully releasing rigid demand and shackled improvement demand. good thing".

  This is actually in line with recent signals from regulators.

A few days ago, the central bank's 2022 second quarter monetary policy implementation report mentioned that with regard to real estate policy, it is necessary to make full use of the policy toolbox to support rigid and improved housing demand.

  Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, believes that this means that when implementing differentiated credit policies (down payment ratio and interest rate level), all localities can implement differentiated credit policies (down payment ratio and interest rate) on the premise of not violating the national differentiated housing credit policies. Continue to make adjustments based on the actual local situation.

  "Today, Nanjing's new housing loan policy means that the housing loan policy in hot second-tier cities has returned to the previous round of easing (2015-2106), that is, the strict policy of 'recognizing a house and renewing a loan' has been adjusted to lower the down payment threshold. , to encourage house replacement and improved demand, and to stimulate the demand side to boost market expectations and confidence." Li Yujia said.

  In the opinion of Yu Xiaoyu, research director of Yihan Think Tank, the adjustment of "recognizing housing and recognizing loans" in Nanjing and Suzhou is the most influential adjustment since Zhengzhou began to cancel the policy.

  It is understood that after December 2016, Zhengzhou began to implement the strict "recognizing housing and loaning", that is, families who own a house or have a loan record will implement the second-home loan policy with a down payment ratio of 60%; in March this year, Zhengzhou has adjusted this. For families who own a house but have already settled the mortgage, the down payment ratio for re-purchasing a house can be reduced from 60% to 30%, and the loan interest rate for the first house will be implemented, that is, "the loan does not recognize the house".

  According to the Huatai Securities Research Report, since the end of 2021, many cities have canceled “recognizing housing and recognizing loans” for provident fund loans, and Zhengzhou is the first city in this round of city-specific policies to relax “recognizing housing and recognizing loans” at the mortgage loan level. .

  After high-level cities such as Nanjing and Suzhou adjusted this policy, Yu Xiaoyu believes that more cities will follow up and optimize the policy for housing recognition and loan recognition.

  Wang Xiaoqiang, chief analyst of Zhuge Housing Data Research Center, also said that this year, under the effect of the easing policy, the market recovery has not been as good as expected.

Supporting the release of improving demand is conducive to the accelerated recovery of the real estate market, promotes the stable and healthy development of the real estate market and a virtuous circle, and plays an important role in boosting the local market.

  Chen Wenjing, the market research director of the Index Division of the China Index Research Institute, pointed out that in the future policy trends, the second-tier cities may further optimize the purchase restrictions, loan restrictions, and sales restrictions, and more third- and fourth-tier cities may completely cancel the administrative restrictions to stabilize the policy. Real estate market expectations.

After continuous optimization and adjustment of policies, hot first- and second-tier cities are expected to take the lead in stabilizing and recovering.

  Author: Zheng Na