Beijing, 8 Aug (ZXS) -- Chengdu and Guangzhou have successively officially announced that "recognizing housing without recognizing loans" has entered the countdown to the implementation of the landing
China News Agency reporter Pang Wuji
Recently, Chengdu and Guangzhou have successively announced the implementation of the policy of "recognizing housing without recognizing loans", and industry insiders believe that this means that "recognizing houses without recognizing loans" has entered the countdown to full landing. "Recognizing housing without recognizing loans" can greatly reduce the threshold and cost of house replacement, which is conducive to releasing demand for improved housing, "stabilizing expectations" and "stabilizing the property market".
"Recognizing housing without recognizing loans" has accelerated its landing
On the 30th, the official website of the Guangzhou Municipal People's Government issued a notice saying that the standard for determining the number of housing units in personal housing loans is optimized, and when resident families (including borrowers, spouses and minor children) apply for loans to purchase commercial housing, if family members do not have a complete set of housing in the local name, regardless of whether they have used the loan to purchase housing, banking financial institutions will implement housing credit policies according to the first set of housing.
Chengdu recently announced that at least one registered buyer in the house-buying family meets the local housing purchase restriction policy, and the house-buying family does not have a self-owned house in Chengdu, it is recognized as a houseless resident household. The policy is in effect from August 8.
On August 8, China's Ministry of Housing and Urban-Rural Development and other three departments issued the Notice on Optimizing the Identification Standards for the Number of Housing Units in Personal Housing Loans, which gave the implementation standards for the policy of "recognizing housing but not recognizing loans" and included them in the "one city, one policy" policy toolbox. As core first- and second-tier cities, Chengdu and Guangzhou took the lead in implementing "recognizing housing but not recognizing loans", sending a positive signal to the property market.
At present, the property market in China's key cities is still in the stage of deep adjustment. According to data from Zhuge Data Research Center, in the first 8 days of August, a total of 27,15 sets of new houses were transacted in key 58934 cities, down 7.7% from the same period in July; 19,10 sets of second-hand residential buildings in key 49227 cities were transacted, down 7.4% from the same period in July. The transaction activity of new and second-hand houses in key cities has shown a continuous decline.
Taking Guangzhou as an example, Yang Hongxia, general manager of the South China Branch of the China Index Research Institute, pointed out that the transaction area of new commercial residential buildings in Guangzhou in July fell for four consecutive months. According to preliminary statistics, the transaction scale of new commercial housing in Guangzhou continued to decline slightly in August, with a year-on-year decline of about 7%.
Unleash the need for improvement
"Recognizing a home without a loan" is seen as an important tool to release the demand for improved housing. Wang Xiaochang, chief analyst of Zhuge Data Research Center, said that the current down payment ratio for the first home in Guangzhou is roughly 30%, and the mortgage interest rate is 4.2%; The down payment ratio for the second set is about 70%, and the mortgage interest rate is 4.8%. After the implementation of "recognizing a house without a loan", the down payment threshold for a total price of 300 million yuan (RMB, the same below) can be reduced to 90,210 yuan, which used to require 0.6 million yuan; The monthly interest will also be implemented at the first home standard, reducing by <>.<> percentage points. After the new policy, the purchase threshold and monthly payment pressure will be greatly reduced.
Zou Linhua, head of the housing big data project team of the Institute of Financial Strategy of the Chinese Academy of Social Sciences, previously said that there are three main sources of demand in China's real estate market in the future, including the demand for new housing in urbanization, the demand for improved housing and the demand for the renewal of old housing. Among them, improved demand is replacing the demand for the first home purchase as the main body of the market, promoting the release of demand for improved housing, and becoming a new growth point and transformation direction for the real estate industry.
Will Kitakami follow up?
Zhang Bo, president of 58 Anju Room Property Research Institute, believes that as a first-tier city, Guangzhou will take the lead in landing "housing without loans" will play a demonstration role for the other three first-tier cities, and it is expected that the countdown to the full implementation of "housing without loans" in hot cities has begun.
Wang Xiaochan pointed out that the policy was first proposed by the three Chinese departments in May 2010 and has been implemented for 5 years. In the context of the overall downturn of the real estate market, the restrictive policies formulated in the past have been lifted in a timely manner, in line with the policy tone, and it is expected that other first-tier cities will follow suit.
Yan Yuejin, research director of the E-House Research Institute, predicts that in September this year, several other first-tier cities will also introduce relevant policies, but whether there will be amendments to the terms depends on the specific situation, and it is not ruled out that individual cities choose the urban and suburban classification control model. Overall, he believes that this means that the overly strict housing purchase policies in first-tier cities have been substantially loosened since 9.
Yang Hongxia also believes that after Chengdu and Guangzhou, the pace of implementation of relevant measures in other Chinese cities is expected to further accelerate in the short term, and there are also optimization expectations in Beijing, Shanghai and Shenzhen. If the policy is optimized and adjusted in time, the real estate market in core cities is expected to gradually stabilize, thereby driving the national market sentiment to repair. (End)