Zhongxin Finance, January 16 (Zuo Yukun) At the beginning of 2022, people who took out loans to buy houses waited for the bank's loan amount for the new year.

　　Lending in Beijing and Shanghai has accelerated, and interest rates in Guangzhou and Shenzhen have been lowered. This round of improvement in the housing credit environment has also blown the relatively strong first-tier cities.

Data map: The property market.

Photo by China News Agency reporter Liu Zhongjun

In Beijing and Shanghai, the speed of lending has increased significantly

　　"Just in 2021, I sold and bought and traded two houses, catching up with the policy changes in the property market over the past year. Among them, I have the deepest feelings about housing loans." Ms. Lu, who is in Shanghai, told Zhongxin Finance about herself. experience this year.

　　Ms. Lu said that in the first half of 2021, the tightest time, it took 8 months from the signing of the contract in mid-March, the online signing in early April, and the receipt of the bank loan in early November.

In the second half of the year, I experienced a loan application for the second time, and I felt that the loan process was significantly accelerated, and the price verification was not as strict as before. The contract was signed in early October and the online signing, and the bank loan was released on November 30. The overall process only took about 50 days.

　　October 2021 has become an important turning point in the eyes of industry insiders.

Xiao Li, a real estate agent in Beijing, clearly remembers the week in mid-October when he received news from the bank one after another that the loans for the first home loan and the second home loan were accelerated to varying degrees.

　　"In June 2021, many banks will either stop lending or wait for 3-6 months for loans after receiving orders. After the acceleration in October, the average lending time quickly accelerated to 1-2 months." Xiao Li said .

　　According to industry insiders, this is due to the positive signals released by the central government many times since the end of September.

For example, on October 15, 2021, at the press conference on financial statistics for the third quarter of 2021 held by the central bank, Zou Lan, director of the financial market department of the central bank, said that some financial institutions misunderstood that banks are not allowed to issue new development loans, and will maintain real estate in the future. Credit was extended in a stable and orderly manner.

Data map: Shanghai.

Photo by Xu Jing

Guangzhou and Shenzhen, mortgage interest rates cut

　　If the housing loan trends in Beijing and Shanghai focus on the opening of the loan speed, many cities have also ushered in a more direct interest rate reduction.

　　According to media reports, the interest rate for the first set of houses in Guangzhou banks has generally dropped from about 5.85% to 5.65%, and the second set has dropped from about 6.05% to about 5.85%.

Interest rates on first and second home loans have fallen back to the "5" prefix.

　　A Guangzhou citizen told Zhongxin Finance and Economics that they received feedback from the bank that since January, the mortgage interest rate has remained at +0.4 (5.05) for the first set and +0.8 (5.45) for the second set, and "the quota is sufficient, welcome to inquire".

　　Some small and medium-sized banks in Shenzhen, another first-tier city, have also begun to cut mortgage interest rates. Currently, the lowest mortgage interest rate for first home buyers can be as low as 4.95%, and the lowest mortgage interest rate for second home buyers can be as low as 5.25%.

Previously, the mainstream loan interest rates for first and second homes in the Shenzhen market were 5.1% and 5.6% respectively.

　　From a national perspective, the positive adjustment of the housing loan market is also blooming everywhere.

According to statistics from the Shell Research Institute, in December 2021, the mainstream first-home loan interest rate in the 103 cities it monitored was 5.64%, and the second-home loan interest rate was 5.91%, both down 5 basis points from November.

The average mortgage loan period was reduced to 57 days, 11 days shorter than the previous month.

Data map: The new landmark of Shenzhen Bay - the charming "spring bamboo shoots".

China News Agency reporter Chen Wenshe

Further easing is still possible

　　"In the current process of loosening mortgages, first-tier cities are the first movers. They have tightened too fast before, and now they will be the first to relax on the basis of policy relaxation." said Yan Yuejin, research director of the Think Tank Center of E-House Research Institute.

　　Ms. Lin, a Shanghai citizen, just bought a second-hand house with a total price of 2.05 million yuan, with a down payment of 1.3 million yuan and a pure commercial loan of 750,000 yuan, which is planned to be repaid in 10 years.

In addition to getting the birth certificate on December 29, 2021, and the speed of the loan on January 7, 2022, which shocked the intermediary and landlord, Ms. Lin also felt the loosening of housing prices.

　　"In the summer, a client who paid 2.2 million yuan for the house of mine did not sell the house. As a result, now, not only has the price dropped by more than 100,000 yuan, but also taxes and fees have been paid, and a complete set of furniture has been sold to my loan client. "Ms Lim said.

　　Ms. Lin's agent explained to her that this was mainly due to the impact of Shanghai's implementation of "three lower prices" in August last year.

When I was qualified for the first home, a down payment of 3.5 million yuan could buy a house of 10 million yuan. Now, a down payment of 3.5 million yuan may not even be able to buy a house of 5 million yuan.

　　The intermediary said that the loan price given by the bank is only about 50%-70% of the real selling price.

That is to say, the money that buyers can borrow from banks is less, and the threshold for buying second-hand houses is also higher, which has a great impact on purchasing power.

　　According to the statistics of the Shell Research Institute, in 2021, the scale of second-hand housing transactions across the country will decline year-on-year for the first time. The transaction area will drop by 6%, the amount will drop by 9%, and the transaction area will also hit the lowest value since 2015.

　　"At present, more than 90% of the bank's personal housing loans are first-time home loans." In October 2021, Liu Zhongrui, head of the Statistics and Risk Monitoring Department of the China Banking and Insurance Regulatory Commission, said that to ensure the credit needs of just-needed groups, in terms of loan down payment ratio and interest rate Support for first home buyers.

　　The improvement of the credit environment brought about by the official warm air has a direct effect on market transactions.

According to data from the Shell Research Institute, since October 2021, the second-hand housing transaction volume in the 50 cities according to statistics has increased month-on-month for two consecutive months.

　　"The loosening of mortgage loans will further reduce market concerns, and will have a positive effect on the activity of the real estate market." Yan Yuejin believes that even if the market may have some turmoil, in the first half of this year, follow-up policies and interest rates are mainly loose. There is also the possibility of further reductions in interest rates.

　　According to data released by the National Bureau of Statistics, in December 2021, the sales price of new commercial residential buildings in first-tier cities changed from flat to a month-on-month decrease of 0.1%, and the sales price of second-hand housing changed from a month-on-month decrease of 0.2% to an increase of 0.1%.

The sales prices of new commercial residential buildings and second-hand residential buildings in second-tier cities both fell by 0.3% month-on-month, and the rate of decline narrowed by 0.1 percentage points from the previous month.

The sales price of new commercial residential buildings in third-tier cities decreased by 0.3% month-on-month, the same rate of decline as the previous month; the sales price of second-hand residential buildings decreased by 0.5% month-on-month, with a decrease of 0.1 percentage points from the previous month.

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