In recent days, two more cities have reduced the proportion of down payment. According to incomplete statistics by the reporter of Securities Daily, nearly 50 cities across the country have issued varying degrees of property market easing policies since this year.
According to the statistics compiled by the reporter of Securities Daily, since this year, following the first step of reducing the down payment ratio of commercial loans in Heze, Shandong, the minimum limit of down payment ratio of banks in Chongqing, Ganzhou, Jiangxi, Foshan and other places has been loosened.
Specifically, Nantong City, Jiangsu Province Industrial And Commercial Bank Of China Limited(601398) , Agricultural Bank Of China Limited(601288) , Bank Of China Limited(601988) , China Construction Bank Corporation(601939) , Bank Of Jiangsu Co.Ltd(600919) recently lowered the down payment ratio of individual housing loans in the city, and the down payment ratio of first-time buyers and first-time buyers applying for housing loans decreased from the previous lowest 30% to the lowest 20%.
In addition to the cities that have reduced the down payment ratio of commercial loans, since 2022, there have been a large number of cities that have reduced the down payment ratio of provident fund. For example, Jinzhong City, Shanxi Province recently issued a notice on adjusting the housing provident fund individual housing loan policy. The notice pointed out that the down payment ratio of the second set of housing will be reduced. If families need to apply for housing provident fund loans to buy the second set of improved housing, the down payment ratio will be reduced to no less than 20% of the total purchase price. The notice will be implemented from March 1, 2022. In addition, this year, many cities including Beihai, Zigong, Nanning and Fuzhou have relaxed the housing purchase policy with provident fund loans to varying degrees, including reducing the down payment ratio and increasing the amount of provident fund loans.
Yu Baicheng, President of zero one research institute, told the Securities Daily that the relaxation of the housing provident fund policy can not only meet the reasonable housing needs of home buyers and improved types, but also play a supporting role in attracting talents and supporting flexible employees. It is expected that more cities will follow up the relaxation of the housing provident fund policy in the future.
According to the statistics of Zhongyuan Real Estate Research Institute, as of recently, 15 cities across the country have issued down payment reduction policies with different contents in 2022, including Heze, Shandong, Chongqing, Ganzhou, Jiangxi, Foshan, Guangdong, Zhumadian, Henan, etc. In addition, Beihai, Zigong, Jinzhong, Nanning, Fuzhou and other cities mentioned the change of down payment percentage of provident fund.
Yan Yuejin, research director of the think tank center of E-House Research Institute, told the reporter of Securities Daily that among all the regulatory policies, reducing the down payment ratio is a very strong policy relaxation. It is a substantive policy to encourage the real estate market and activate market transactions. It is expected that more cities will introduce measures to reduce the down payment ratio in the future, especially the third and fourth tier cities, First and second tier cities are likely to follow up.
Zhang Dawei, chief analyst of Zhongyuan Real estate, told the Securities Daily that it is expected that there will be a small spring in the market from March to April, especially in the first and second tier cities.
