Recently, on the basis of adhering to the principle of “housing without speculation”, all localities have issued relevant real estate policies to adapt to the region, improved the long-term mechanism of the real estate market, and strengthened the optimization and adjustment of policies at both ends of supply and demand.
According to the statistics of Zhongyuan Real Estate Research Institute, as of April 28, more than 60 policies to stabilize the real estate market had been issued in April, including optimizing purchase restrictions, reducing the proportion of down payment, easing the provident fund policy, issuing house purchase subsidies, reducing housing loan interest rates, etc.
accurately meet the reasonable housing demand
In terms of housing subsidies, many cities have increased house purchase subsidies, reduced the threshold of subsidies and expanded the scope of subsidies. For example, Tongzhou District, Nantong City, Jiangsu Province recently issued a new housing subsidy policy, which provides a purchase subsidy of up to 2% of the total housing price for the first set of newly-built ordinary commercial housing purchased by employees with stable employment of enterprises in the region. In addition, in early April, Zhengzhou City, Henan Province expanded the scope of subsidies for first-time house purchase from doctoral, master’s and “double first-class” undergraduate graduates to all undergraduate graduates and preparatory technicians (technicians) and junior college students in technical colleges.
The relaxation of the provident fund policy has also become a trend. More than a dozen cities, including Fuzhou, Fujian, Zhuzhou, Hunan and Beihai, Guangxi, have adjusted the provident fund policy, mainly from reducing the down payment ratio of provident fund loans and increasing the amount of provident fund loans. For example, Gansu provincial housing fund management center recently announced that to increase the maximum amount of individual housing loans of housing provident fund, married employees will be adjusted from Shanghai Pudong Development Bank Co.Ltd(600000) yuan to 700000 yuan, and single employees will be adjusted from 500000 yuan to Shanghai Pudong Development Bank Co.Ltd(600000) yuan. Anshun City, Guizhou Province reduced the down payment ratio. The minimum down payment ratio of the first set of housing provident fund loans was reduced from 30% to 20%, and the minimum down payment ratio of the second set of housing provident fund loans was reduced from 50% to 30%.
In this regard, Zhang Dawei, chief analyst of Zhongyuan Real estate, believes that the provident fund policy is a more effective tool, which can release the signal of stabilizing the property market to the market.
In addition, some areas accurately meet the reasonable housing needs of families. Wuxi, Jiangsu, issued a new policy to optimize the implementation of fertility policies. For resident families with two or more children, a set of house purchase indicators can be added in the purchase restriction area to improve the living conditions of multi child families. In terms of supporting the housing needs of filial piety and elderly care, Lanzhou, Gansu Province supports families where adults working and living in Lanzhou need to bring their parents and other close relatives living in other places to Lanzhou, and allows their families to buy a new set of housing in the purchase restriction area. Families with two or three children in line with the national fertility policy are allowed to buy a new set of housing in the purchase restriction area.
increase support for new citizens’ housing loans
Previously, the China Banking and Insurance Regulatory Commission and the central bank issued the notice on strengthening the financial services of new citizens, which pointed out that “implementing policies based on the city” should implement differentiated housing credit policies, reasonably determine the standard of the first housing mortgage loan of new citizens who meet the purchase conditions, and reasonably meet their demand for housing purchase credit.
According to the national statistics of Zhongyuan Real Estate Research Institute, about 110 cities have issued new policies to stabilize the property market this year. After small and medium-sized cities, first and second tier cities such as Shanghai, Nanjing, Guangzhou and Tianjin have also made adjustments in real estate policies, mainly to promote rigid demand and improve the release of demand.
On this basis, a number of banks have launched special housing loan policies for new citizens to help new residents live. Wang Wuqing, deputy director of Guangdong banking and Insurance Regulatory Bureau, said at the media briefing on new citizens’ financial services on April 11 that “financial institutions are duty bound to strive to make new citizens affordable, stable and good” China Construction Bank Corporation(601939) Guangdong branch has supported 245 new citizens’ rental housing projects, granted loans of more than 16 billion yuan, and supplied 165300 houses to the market to help migrant workers “settle down” in Guangdong.
In addition, many local small and medium-sized banks have recently successively issued financial service measures to serve new citizens, providing preferential policies such as entrepreneurship and employment, housing loans and so on. Up to now, relevant announcements have been issued by Qilu Bank Co.Ltd(601665) , Jining bank, laishang bank, Zhongyuan bank, Bank of Dalian, Xiamen International Bank, etc.
For the field of housing and housing that new citizens are most concerned about, a number of small and medium-sized banks provide financial support by reducing the proportion of down payment for new citizens’ house purchase and preferential interest rate on housing loans. For example, in terms of supporting new residents to live in peace, Qilu Bank Co.Ltd(601665) launched “new citizens’ provident fund rental loan” and provided preferential interest rates to specific groups such as college graduates; Optimize the housing mortgage loan credit policy to meet the housing loan needs of new citizens; Give full play to the advantages of Qilu Bank Co.Ltd(601665) as a provident fund collection bank, provide provident fund deposit and loan services, and ensure that new citizens enjoy the policy of benefiting the people. Bank of Dalian provides exclusive housing loan preference for new citizens. If new citizens meet the standard of first house and first loan, they can apply for personal housing loan in Bank of Dalian by 5 basis points on the basis of the current minimum price of housing loan, and prepayment is free of appointment and liquidated damages.
Chen Mingxuan, senior analyst of Analysys analysis financial industry, said that the measures such as the increase of affordable housing and preferential mortgage interest rate in the new citizen financial service scheme introduced by many banks can make new citizens integrate into urban life faster and increase their sense of security. At the same time, it is also conducive to improving the loan business growth of small and medium-sized banks.
