(Fighting new crown pneumonia) China's economic war "epidemic" record: more than 50 cities shot "stabilizing the property market"
China News Agency, Beijing, February 25 (Reporter Pang Wuji) Over the past few days, various localities have issued intensive real estate-related support policies during the epidemic period. Some of the more intensive policies, such as reducing the down payment ratio, providing home purchase subsidies, and deducting deed tax, have "re-emerged.
Market expectations of loosening property market regulation have strengthened. Many people care about what will happen to house prices after the epidemic?
Will regulation be relaxed?
Since the outbreak of the epidemic, policies have been issued in many places to help housing companies to alleviate their pressure on liquidity while reducing delivery defaults. According to agency statistics, more than 50 places have issued similar policies. For example, in mid-February, Nanchang, Shanghai, Tianjin, Xi'an, Hangzhou and other places issued a centralized policy, some of which clearly stated that the land transfer price can be postponed or paid in installments, and some policies related to pre-sale conditions and completion of construction, etc., to help enterprises through turnover Difficult.
In recent days, some cities or institutions have significantly increased their policy support.
According to media reports, recently, Zhejiang Commercial Bank issued a notice that for non-restricted cities, all branches can reduce the down payment ratio of households to purchase the first personal housing from 30% to 20%.
In Zhumadian, Henan Province, 17 policies for stabilizing the property market were launched. These include the purchase of the first home with a provident fund, and the minimum down payment ratio has been reduced from 30% to 20%. The local government also stipulates that all kinds of talents, college graduates, and migrant workers have corresponding housing subsidies when buying local houses.
On the 14th, Hunan Hengyang also issued a property market policy that not only subsidizes the deed tax and parking space for buyers, but also provides talents with housing subsidies. Among them, non- "double first-class" university full-time undergraduate students one-time purchase subsidy of 50,000 yuan.
At present, this kind of promotion policy involving the demand side of real estate is mainly concentrated in third- and fourth-tier cities, and the first-tier and second-tier cities that are more benchmarking for the real estate market have not yet appeared.
Zhang Dawei, chief analyst of Zhongyuan Real Estate, said that the above-mentioned Zhejiang Commercial Bank has established 250 branches in 17 provinces, autonomous regions and municipalities across the country and the Hong Kong Special Administrative Region. However, the overall market size is small and has no direct impact on the market.
Its "down payment" did not "foul." According to the regulations issued by the central bank and the original CBRC in 2016, in cities that do not implement the “restriction on purchases”, residential households purchase commercial personal housing loans for ordinary housing for the first time. In principle, the minimum down payment ratio is 25%. Percentage points.
Zhumadian's policy of reducing the down payment ratio of provident fund loans has no direct impact. Zhang Dawei said that it affects about 10% of local transactions. However, people in the industry are concerned that once "mouths are ripped apart", if more and more places follow suit, and even further loosening policies may cause property market changes.
Officials have also noticed this. Recently, many ministries and ministries, such as the Ministry of Finance and the Central Bank, have intensified their voices, reiterated their adherence to the "housing and housing speculation" positioning, and once again emphasized that real estate should not be used as a short-term economic stimulus means to stabilize expectations. The industry believes that this shows that it is unlikely that a large-scale real estate stimulus or rescue will occur after the epidemic, and the possibility of a retaliatory rebound in house prices is not high.
Will house prices still fall?
Since the end of January, thousands of sales offices in China have closed, new projects have been postponed, and land transfers have been postponed. The property market has basically been shut down.
The real estate company did not enter the account, coupled with a large amount of debts due, interest expenses and management costs, it is inevitable that the pressure chain of funds is tight. This has also become the biggest driving force for housing prices.
Recently, a number of companies including Evergrande, R & F, Sunshine City, World Trade, Aoyuan, Xincheng, and Longguang have launched a series of preferential policies for buying houses. Its content is mostly a small rating to a relatively large purchase price, no reason to check out, recommended customer rebates and so on. Although there are concessions, the price reduction has not been great.
In addition, the mortgage loan interest rate, a direct factor affecting house prices, has also recently declined. In the loan market quoted interest rate (LPR) released on February 20, the one-year LPR was 4.05%, a 10 basis point decrease from January; the mortgage rate referenced over 5 years LPR was 4.75%, a five-point decrease from January. base point.
In the game of strength of all parties, the trend of the next stage of house prices depends largely on when the epidemic subsides and whether the policy loosening will continue to increase. (Finish)