Recently, there have been bursts of warm wind blowing in the property market, and various policies conducive to the recovery of the property market have been introduced. Many cities in China have reduced the down payment ratio of the first house, and some banks have reduced the mortgage interest rate.
Bai Wenxi, chief economist of IPG, said in an interview with the Securities Daily: "the main reason why many cities cut mortgage interest rates is to stimulate the real estate market to recover as soon as possible through the adjustment of price tools, so as to promote the deregulation of sales, so as to restore the liquidity of the real estate industry as soon as possible and enter the track of a virtuous circle."
The reporter learned through the visit that the "plus point" level of mortgage interest rate of many banks in Ningbo, Zhejiang Province in February has further decreased compared with last month. Some banks added 80bp to their first mortgage last month, but now it has been reduced to 75bp or even 70bp, that is, the annual interest rate has decreased by 0.05 and 0.1 percentage points respectively. The reduction level of the "plus point" of the second house loan interest rate is basically similar.
However, in the four major banks of "industrial and agricultural construction in Ningbo", the interest rates of the first house loan and the second house loan have not changed for the time being, the same as last month. The interest rate of the first house loan was basically stable at 5.4%, and the interest rate of the second house loan was basically stable at 5.65%.
At the same time, the speed of bank lending is also significantly faster than years ago. At present, most banks only need 7-10 working days for lending, and the lending cycle of individual banks only needs 5 working days.
A bank staff told the "Securities Daily" reporter: "now the loan approval is fast, the loan is also fast, and the amount is also available. The policy of the down payment ratio of the first house has not been fully determined yet, and many real estate sales are asking, so now we can only say that the cage is unified. We can't determine it until formal notice."
Spring River warm duck prophet. Compared with the policy, the market transaction is the most intuitive embodiment of the current property market. According to the basic situation of the city's housing market in January 2022 released by Ningbo Municipal Bureau of housing and urban rural development, 1626 second-hand housing units were sold in five districts of Ningbo, up about 7.7% month on month; 1643 commercial houses were sold in the five districts of the city, up about 5.6% month on month. This is the third consecutive month that the trading volume of second-hand housing in the five districts has rebounded, and it is also the first rebound after the "three consecutive declines" in the trading volume of commercial housing in the five districts.
An insider who declined to be named told the reporter of Securities Daily: "Mortgage is the most effective lubricant to stimulate the transaction of the real estate market. A very important reason for the downturn of the real estate market last year is that the tight amount of mortgage has affected the purchasing power of buyers, especially the long lending cycle, which makes it difficult for many transactions to sell and buy houses. With the acceleration of the mortgage lending cycle, many transactions in the real estate market can be smoothly promoted."
Under all kinds of good news, will Ningbo property market usher in "gold, silver and four"? Bai Wenxi said: "with the reduction of interest rates, the demand for new housing market and second-hand housing in Ningbo will be supported by more loans, so as to promote the recovery and recovery of the market. As an area with strong industrial and population agglomeration and sustainable development ability, Ningbo has an obvious trend for the good of the real estate market in the future."
Chen Sheng, President of China real estate data research institute, told the reporter of Securities Daily: "Different from the reduction of the down payment ratio of the first house in some cities, Ningbo's housing loan policy is basically a normal adjustment. I think it has a certain supporting effect on the new house and second-hand house market, but it just returns to the level of a virtuous circle. Ningbo is still under more strict control, so I think Ningbo's property market just returns to the normal state without excessive adjustment Stimulating state. "
The above industry insiders who did not want to be named suggested: "The property market in Ningbo is in an alternating period of recovery. Some places have been the first to recover, and some places are still relatively cold. Once it is hot, it is too late to wave the number, so it is just right to buy a house at this time. At present, the house price of second-hand houses is relatively low, and the government also stipulates price limit houses, and most buildings do not need to wave the number to buy. Some real estate enterprises are short of funds and eager to buy There will also be many preferential policies for shipment. "
