Our reporter Li Zheng

　　On September 13, the Housing Provident Fund Management Center of Xuzhou City, Jiangsu Province issued the "Notice on Phased Adjustment of Housing Provident Fund Loan Policies" (hereinafter referred to as the "Notice"), which clarified that the personal provident fund loan limit was raised to 600,000 yuan, and the loan limit for both husband and wife raised to 1 million yuan.

At the same time, the "Notice" also gives certain policy preference to three-child families.

　　According to incomplete statistics from a reporter from Securities Daily, as of September 14, more than 120 cities or regions across the country have issued one or more housing provident fund loan adjustment policies this year.

　　Bi Ran, a senior investment consultant at East Hi-Tech, said in an interview with a "Securities Daily" reporter that the phased policy is mainly to promote the recovery of the current property market.

On the one hand, it can stabilize market confidence and increase the enthusiasm of developers to invest; on the other hand, it can also lower the threshold for consumers, so that people who need to buy houses can participate in housing transactions.

　　Song Hongwei, research director of the Tongce Research Institute, said in an interview with the "Securities Daily" reporter that in August, the performance of the Xuzhou property market was still relatively sluggish, so the provident fund policy will be increased again.

　　According to the "Securities Daily" reporter, the 120 cities or regions that have released housing provident fund loan adjustment policies, according to the direction of adjustment, are divided into reducing the down payment ratio, increasing the loan amount, relaxing loan restrictions, and supporting families with multiple children to buy houses.

　　In terms of relaxing restrictions, for example, the “Notice on Optimizing and Adjusting Housing Provident Fund Loan Policies” recently issued by Weifang City, Shandong Province clarifies that the time limit for applying for provident fund loans has been reduced from 12 consecutive months to more than 6 months; in terms of reducing the down payment ratio, including Shijiazhuang City, Chongqing City, Fu'an City, etc. have all lowered the down payment ratio of provident fund loans to varying degrees.

　　"For homebuyers, provident fund loans can save a lot of home purchase costs and reduce subsequent repayment pressure." Bi Ran said.

　　Regarding the future domestic property market transaction trend, Bi Ran believes that from the latest data, the financial statistics released by the central bank in August show that the medium and long-term loans of residents have improved compared with July, but they have still decreased compared with the same period of the previous year.

In August, new resident medium and long-term loans were 265.8 billion yuan, an increase of 117.2 billion yuan compared with July (148.6 billion yuan), but a decrease of 160.1 billion yuan compared with the same period of the previous year. It can be seen that although the current property market has shown signs of recovery, it is not very obvious.

If the real estate supply side can be cleared in an orderly manner, the future property market will usher in a stabilization or even a phased recovery.

　　Song Hongwei believes that, except for individual cities such as Shanghai and Chengdu, the real estate market in most cities across the country is still sluggish, showing a continuous downward trend since June.

According to the cycle trend of my country's real estate market, the downward trend will continue into the first half of next year.

(Securities Daily)