Today, it is reported that Ningbo will relax the housing loan recognition policy.
However, the financial Associated Press reporter learned from a number of banks and intermediaries that the relevant policy documents have not been received, and the loan for three suites has not been liberalized at present.
When buyers buy the second house, if there is no loan for the first house, the proportion of down payment is still 40%, which is higher than the proportion of down payment of 30% for the first house.
According to the documents circulated in the market today, it is planned to "liberalize loans for more than three sets of housing"; Comprehensively "recognize the loan but not the house", "as long as the house loan is repaid, it is the first set", "implement the first set of first loan policy", etc Relevant report
Multi place second home loan policy "deregulation" credit support, more efforts to "improve the family"?
March has arrived, but the overall "warming" signal of the national property market is not obvious. In order to further activate the demand for reasonable house purchase, more cities have shifted the focus of policy adjustment and credit support from "just need" to "first change".
On the 1st, an official news released that the "loan restriction" and "purchase restriction" policies were relaxed, setting off waves in Zhengzhou, a key monitoring area of the Ministry of housing and urban rural development and one of the core cities of the Central Plains urban agglomeration. Zhengzhou is also the first area in the provincial capital city to cancel the "house and loan recognition" this year.
The real estate market in the first and second tier cities is dominated by stock houses, and the prosperity of the second-hand housing market can better reflect the overall temperature of the real estate market. According to the latest data of China Index Research Institute, in February, the transaction area of commercial houses in 100 cities across the country still decreased by about 40%, and the overall property market continued to be in a low temperature state.
"Meet reasonable improvement needs", said Wang Menghui, Minister of housing and urban rural development, at a special meeting held by the State Information Office recently. Wang Menghui said that with the promotion of urbanization, a large number of old residential areas built before 2000 have problems such as small housing area, poor supporting facilities and low quality. The people's requirements to improve their living environment and living conditions are more urgent. At the same time, covid-19 pneumonia also puts forward more urgent requirements for residents to improve their living conditions and living environment.
As the central government has repeatedly reiterated to include the improvement demand into the scope of reasonable house purchase demand, several industry analysts said that at the local level, in addition to low-level cities, there may be more medium and high-level non hot cities such as Zhengzhou to open the toolbox of policy support for the "improvement family". At the same time, in hot first and second tier cities, credit easing for second homes has quietly increased.
Is the "spring" of the improvement clan coming?
launch improvement support policies in many places
As of January 2021, Kerui data showed that the de commercialization cycle of commercial housing in Zhengzhou had increased to 21 months, far exceeding the reasonable range of 12-18 months, and second-hand house prices continued to decline.
However, from the perspective of population size, the potential demand for house replacement in Zhengzhou should not be underestimated. According to the data of the seventh national census, Zhengzhou has a permanent resident population of 12.601 million, making it the most populous city in the central region.
However, the tide of shed reform has ebbed, and the interest rate and differential tax of second-hand housing loans in the area of purchase and loan restrictions remain high. Superimposed on factors such as epidemic and natural disasters, the real estate market in this populous city in the central region is facing a serious imbalance between supply and demand.
On March 1 this year, the general office of Zhengzhou municipal government issued the notice on promoting the virtuous circle and healthy development of the real estate industry in order to activate the local demand for house replacement and promote the activity of the overall real estate market, It is clear that "for families who own a house and have settled the corresponding house purchase loan, in order to improve their living conditions and apply for a loan again to buy ordinary commercial housing, the bank implements the first house loan policy".
On the 2nd, first finance and economics learned from local citizens and several real estate agencies that at present, several regional housing administration bureaus in Zhengzhou are also interested in adjusting the individual income tax collection policy of second-hand houses. "In the past, Zhengzhou levied taxes according to the difference of 20%. According to the latest adjustment, people who meet the corresponding conditions can levy individual income tax according to the approved proportion of 1%, but the specific implementation has not been detailed." An intermediary said.
Ding Zan, President of Zhengzhou branch of Shell Research Institute, said that in February 2013, according to the spirit of the "national five articles", Zhengzhou issued a document requiring that the individual income tax of second-hand houses should be levied at 20% of the difference. So far, Zhengzhou is another city that strictly implements such a high difference tax in addition to Beijing, which also leads to the low activity of Zhengzhou's second-hand housing market. In order to avoid the difference tax, some owners have transferred this part of the tax to the purchase customers in a disguised manner, increasing the purchase cost of customers and making the overall transaction of the second-hand housing market cold.
"This adjustment is conducive to stimulate the current owners to sell small and buy large, sell old and buy new, and promote a virtuous cycle of the real estate industry." Ding Zan said.
The relaxation of the "first reform" loan conditions and the individual income tax collection standards for second-hand houses means that Zhengzhou has become the first city to issue supporting documents for reasonable improvement needs this year. In addition to Zhengzhou, since February, Yichang, Nanning, Heze and other non hot cities with inventory backlog in the real estate market and continuous decline in second-hand house prices have taken measures to reduce the down payment ratio of second-hand housing provident fund loans and commercial bank loans and reduce the interest rate of second-hand housing loans, so as to promote the recovery of the local second-hand housing market.
For example, according to the new provident fund policy issued by Yichang housing provident fund management committee at the end of February, local deposit workers will no longer withdraw and loan "one of two", they can withdraw the provident fund and apply for provident fund loan at the same time. At the same time, the down payment of the housing price of the second housing provident fund will be reduced from 50% to 30%.
Compared with Zhengzhou, the provincial capital, Yichang, Nanning, Heze and other non restricted third and fourth tier cities have weaker demand for house replacement, and the contradiction between supply and demand in the second-hand housing market is also more prominent. Taking Yichang as an example, according to the data of the National Bureau of statistics, the local second-hand housing price index has fallen month on month for 10 consecutive months. In the past three months, the decline has remained in the high range of 0.4% ~ 0.5%.
However, compared with the credit support policies for second-hand housing in non restricted cities, some people in the industry believe that the credit support for the improved demand of non hot second tier cities such as Zhengzhou will be the most important factor to promote the recovery of the market Beijing Dynamic Power Co.Ltd(600405) .
"At present, the national second-hand housing market still needs to be repaired. Under this background, the credit support policy of the real estate market is gradually moving from the new housing market to the second-hand housing market, and from low-level cities to medium and high-level cities." Yan Yuejin, director of the think tank center of E-House Research Institute, said.
However, the good news on the policy of non hot cities has not yet fully spread to the market.
According to the latest data from the National Bureau of statistics, as of January this year, second-hand housing prices in third tier cities fell month on month for four consecutive months, maintaining a relatively high decline of 0.4%. The monthly house price data of China Index Research Institute also showed that among the 100 typical cities monitored by it, 45 cities had month on month decline in second-hand house prices in February, including not only non restricted third and fourth tier cities such as Zhangjiakou and Yichang, but also provincial capital cities such as Shenyang and Jinan.
Li Yujia, chief researcher of Guangdong provincial housing policy research center, said that for non hot cities, the new property market policy introduced at this stage to support reasonable improvement needs will gradually take effect in the future, and play a role in stimulating the vitality of the second-hand housing market in the short term; However, in the medium and long term, the contradiction between insufficient actual purchasing power and high supply still exists. If the property market is further boosted, it still needs the concerted efforts of multiple policies.
the second-hand housing market in hot cities has recovered
Compared with non hot cities, hot first and second tier cities do not lack reasonable demand for improvement. However, due to the tightening of credit in the second half of last year, the second-hand housing market in these areas was "sealed". With the gradual increase of credit easing for second-hand housing, the second-hand housing market represented by first tier cities has been gradually "unsealed".
Taking Guangzhou as an example, first finance and economics learned from many sources that recently, when commercial banks handle second-hand housing mortgage loan business, the loan evaluation standard has been loosened.
Since last year, the guiding price of second-hand housing has become an important reference for commercial banks in handling second-hand housing mortgage loan business. "At this stage, bank lending can be based on the actual transaction price rather than the guidance price. For those who settle the first set of mortgage, the second-hand down payment is at least 50% An intermediary said that the adjustment is not only related to the return of the market to rationality and the reduction of the difference between the actual transaction price and the reference price, but also related to the continuous decline of the trading volume of the second-hand housing market.
At the same time, the further interest rate reduction of second-hand housing loans and the acceleration of bank lending have also supported the recovery of the second-hand housing market in Guangzhou. First finance learned that at present, the interest rate of second home loans of major banks in Guangzhou is about 5.65% ~ 5.85%, and the lending cycle is 1 ~ 2 months.
"The listing volume of superimposed second homes has increased greatly, and the space that can be selected and paid by the first reformer has increased. Since the Spring Festival, the viewing volume has rebounded significantly." The Guangzhou intermediary said.
According to the latest statistics of the shell Research Institute, among the 103 key cities monitored by the shell Research Institute, the mainstream second home loan interest rate was 5.75% in February, down 9 basis points from the previous month, the largest monthly decline since 2019, including the decline of housing loan interest rates in Beijing, Shanghai and other cities; In February, the average lending cycle of 103 cities was 38 days, 12 days shorter than that of the previous month. Nearly 40% of cities, including Beijing and Shenzhen, had a lending cycle of less than one month.
From the perspective of house price level, the latest survey data of China Index Research Institute on ten major cities such as Beijing and Guangzhou show that the average price of second-hand housing in February was 40209 yuan / m2, up 0.24% month on month, an increase of 0.17 percentage points over the previous month. Among them, six cities rose month on month, Guangzhou rose the most, followed by Hangzhou, and house prices in both places increased by more than 0.7%. Among the cities where house prices fell month on month, the largest decline was about 0.3%, and second-hand house prices have shown signs of stabilizing.
The shell Research Institute believes that compared with the supply side rescue policy, the loose credit environment and the demand side support policy are more conducive to reducing the purchase cost, which plays a positive role in boosting market confidence and releasing housing demand. At present, the second-hand housing market in hot cities has shown signs of recovery. With the continuous release of improvement support policies and good credit news in all line cities, it is expected that the national second-hand housing market will continue to repair in March, the trading volume will increase month on month, the price will remain stable, and drive the overall prosperity of the real estate market. (source: First Finance)
