Recently, some media reported that the reality of the housing loan policy in Heze City, Shandong Province was loose, the down payment ratio of the first house fell to 20%, and the interest rate of the first house decreased. On February 18, Heze officials responded that Heze’s housing loan policy remained stable, and this adjustment belongs to the independent operation of banks.
At present, in addition to some banks in Heze, financial institutions in some cities across the country have also reduced the down payment ratio of the first house loan
some banks in Chongqing and Ganzhou, Jiangxi joined
On February 18, according to Shanghai Securities News, the reporter learned from real estate agencies such as Lianjia in Chongqing and Ganzhou, Jiangxi that before and after the Spring Festival, many banks in Chongqing and Ganzhou, Jiangxi have reduced the down payment ratio of the first house loan to 20%. According to the industry, the cities in this round of adjustment are non “purchase restricted” cities, which are jointly decided by the local housing and financial functional departments according to the principle of implementing policies according to the city.
Mr. Li, a chain real estate agent in Ganzhou, Jiangxi, told the Shanghai Securities News that the down payment ratio of Ganzhou’s first house loan has been reduced to 20%. At present, large state-owned banks, China Citic Bank Corporation Limited(601998) , Guangfa bank and China Merchants Bank Co.Ltd(600036) all implement this house loan policy. He said that if the second suite is in the non restricted area, the down payment is 30%, and in the restricted area, the down payment is 50%.
The local credit manager of Agricultural Bank Of China Limited(601288) said that although the minimum down payment of Ganzhou’s first house loan can be reduced to 20%, it still needs to be “different from house to house”. Whether we can get the minimum down payment depends on the situation of specific developers.
Earlier, some media reported that the reality of the housing loan policy in Heze City, Shandong Province was loose, the down payment ratio of the first house fell to 20%, and the interest rate of the first house decreased. On the 18th, the reporter of Dazhong daily learned from insiders and relevant banks that this adjustment is an operational differential adjustment made by individual banks according to their own capital situation and housing loan demand, combined with the borrower’s credit status and repayment ability. It belongs to the independent operation of banks. Heze City has not uniformly adjusted the down payment ratio, and still implements the minimum 20% down payment ratio of the first house in 2016.
As early as 2016, the people’s Bank of China and the China Banking and Insurance Regulatory Commission issued a notice saying that the minimum down payment ratio of the first house mortgage of urban residents in unrestricted cities is 25%, but all localities can float down by 5 percentage points, which means that the minimum down payment ratio of non restricted cities can be reduced to 20%.
In addition to the loosening of the real housing loan policy, some local governments have actually issued policies to promote just needed house purchase. For example, Jilin Yanji recently issued the implementation plan of preferential subsidies to encourage farmers to buy houses in cities, which fully subsidized the deed tax for farmers to buy houses in cities, and also issued consumption vouchers for household appliances and decoration. Among them, the denomination of household appliance consumption vouchers can reach 1500 yuan (15000 yuan can be used)
ensure the reasonable housing needs of Hard-to-Do families
Will more small and medium-sized cities join the “deregulation” army of housing loans?
In the view of the industry, the answer is yes.
The central economic work conference set the tone for the development of the real estate market this year – “support the commercial housing market to better meet the reasonable housing needs of buyers, and implement policies to promote the virtuous circle and healthy development of the real estate industry due to the city.” In the work reports of local governments this year, Heilongjiang, Jiangsu, Zhejiang, Guangdong and other places clearly proposed to better meet the reasonable housing needs of home buyers.
The relevant person in charge of the central bank previously said that one of the core characteristics of real estate is regionality. Under the management framework of the long-term mechanism of real estate, it is more to implement the urban territorial responsibility and implement the real estate regulation according to the local market situation.
In the report on the implementation of China’s monetary policy for the fourth quarter of 2021 just released by the central bank, it is also pointed out that we should adhere to stabilizing land prices, house prices and expectations, implement the prudent management system of real estate finance, safeguard the legitimate rights and interests of housing consumers, and better meet the reasonable housing needs of home buyers.
All kinds of signals indicate that the policy guidance ensures the reasonable housing needs of the just in need people.
On February 18, the real estate sector made intraday efforts. As of the closing, Tahoe Group Co.Ltd(000732) , Black Peony (Group) Co.Ltd(600510) , Macrolink Culturaltainment Development Co.Ltd(000620) , Chongqingyukaifaco.Ltd(000514) rose by the limit, Hangzhou Binjiang Real Estate Group Co.Ltd(002244) , Cccg Real Estate Corporation Limited(000736) rose by more than 8%, and Jinke Property Group Co.Ltd(000656) , Seazen Holdings Co.Ltd(601155) , Gemdale Corporation(600383) , Rongan Property Co.Ltd(000517) , Bright Real Estate Group Co.Limited(600708) , China Merchants Shekou Industrial Zone Holdings Co.Ltd(001979) , Shenzhen Centralcon Investment Holding Co.Ltd(000042) rose by 5%.
The growth of leading real estate enterprises is also considerable. Among them, Poly Developments And Holdings Group Co.Ltd(600048) increased by 5.42% to 16.33 yuan / share, and the total market value increased by 10.1 billion yuan compared with the previous day; China Vanke Co.Ltd(000002) increased by 3.43% to 20.48 yuan / share, and the total market value increased by 8 billion yuan compared with the previous day; Greenland Holdings Corporation Limited(600606) rose 2.72% to 4.53 yuan / share.
(the contents and data of the article are for reference only and do not constitute investment suggestions. Investors operate accordingly at their own risk.)
