[Explanation] Since 2022, many places in China have optimized the policy of "recognizing housing and loans".
Many places have made it clear that residents who have settled their first home loan can implement the first home loan policy when they buy a house.
[Explanation] "Recognizing housing and recognizing loans" is a standard for determining the number of housing units. Under this standard, when applying for a housing loan, it is necessary to check not only the real estate registration under the name, but also the number of past loans.
[Concurrent] Chen Wenjing, Director of Market Research, Index Division, China Index Research Institute
That is, if there is a house or a loan record, it will be identified as a second set.
It can also be seen from this that "recognizing the house and recognizing the loan" actually raises the standard of the entire second set of certification. After the second set of certification is improved, the down payment ratio of the second set will actually increase. In some cities, it will reach 60%, or even Saying 80% will actually increase the threshold for homebuyers to buy a home. When the market is hot, "recognizing a house and subscribing for a loan" can actually reduce the rhythm of demand release and cool the market.
[Explanation] Since 2022, due to the superposition of multiple factors, the confidence in the real estate market has been insufficient, and the performance of most urban markets has been sluggish.
According to data from the China Index Research Institute, in September, the traditional peak sales season, the transaction area still fell by nearly 20% year-on-year.
[Concurrent] Chen Wenjing, Director of Market Research, Index Division, China Index Research Institute
Since mid-to-late September, due to the active promotion and marketing of enterprises, as well as the centralized online signing in some cities and other factors, the transaction scale of key cities has increased to a certain extent at the end of September, driving the transaction scale of new houses in key cities in September compared with the previous month. Growth, but with a year-on-year decline of nearly 20%, we say that the performance of "Golden Nine" is less than expected.
[Explanation] Since 2022, many cities in China have optimized and adjusted the policy of "recognizing houses and loans".
For example, in Jinan, Shandong, “if the households with household registration in this city do not have a house in this city, regardless of whether they have a previous loan record, the application for a loan for purchasing a house is regarded as the first housing loan.”
Chen Wenjing said that optimizing the "housing recognition and loan" standard and reducing the down payment ratio can lower the threshold for housing purchases and better support the release of improved housing demand.
[Concurrent] Chen Wenjing, Director of Market Research, Index Division, China Index Research Institute
The central government has repeatedly emphasized "policies tailored to the city" and "one policy for one city", and has also given local governments greater autonomy to optimize and adjust property market policies. Among them, optimization of "recognizing housing and loans" is actually a very important part, and Reducing the down payment ratio can actually lower the threshold for home buyers.
If it is said that after the optimization of "recognizing housing and loaning", it can be implemented according to the mortgage interest rate of the first set, which can actually reduce the cost of buying a house for buyers, etc., in fact, it can better support the release of improved housing demand.
Reported by reporter Liu Chao in Beijing
Responsible editor: [Lu Yan]