The upward trend in mortgage rates has spread to more cities.
As for the first apartment, the interest rates of 23 cities rose this month, 9 cities maintained last months level, and the interest rates of the first apartment in Suzhou, Nanjing and Taiyuan decreased. The five-year LPR level announced on September 20 is equal to the previous value, which also means that, according to the new housing loan policy, the interest rate of the first suite and the second suite will be no less than 4.85% and 5.45% respectively.
In the first-tier cities, except Shenzhen and last month, the average interest rate of first-suite loans in the three areas of northern Shangguang and Guangzhou has risen annually, of which Shanghai has risen 4 BP annually; in the second-tier cities, Changsha and Shenyang have achieved four consecutive rises, Hangzhou and Foshan three consecutive rises, and in Chongqing, Harbin and Xian, two consecutive rises.
From the urban point of view, apart from the slightly lower interest rate of Tianjin Second Suite Loan, the overall interest rate of other cities has been higher than the lower limit of the new regulation. It can be seen that the rigid conditions below the lower limit of the new regulations have brought about the rise of mortgage interest rates in some cities such as Xiamen and Shanghai. However, on the other hand, there is no conflict between the level of interest rates and the new regulations implemented by popular cities such as Zhengzhou, Ningbo and Urumqi, but because of the local housing policy and supply and demand problems, there has also been a considerable increase.
According to the data of the National Bureau of Statistics, in August, sales prices of newly built commercial housing in four first-tier cities rose by 0.3% annually, the same as last month. Among them, Beijing rose by 0.5%, Shanghai by 0.3%, Guangzhou and Shenzhen by 0.2% and Guangzhou and Shenzhen by 4.2% year-on-year, the increase was 0.1 percentage points lower than last month. Second-hand residential sales prices in first-tier cities remained flat, rising 0.3% in August, with Beijing falling 0.4%, Shanghai and Guangzhou both flat, and Shenzhen rising 0.2%, down 0.2% year-on-year, the first decline since June last year.
In August, the sales prices of newly built commercial housing and second-hand housing in 31 second-tier cities rose by 0.5% and 0.2% annually compared with the previous month, respectively, with an average increase of 0.2 percentage points, a year-on-year increase of 9.9% and 5.5%, and a decrease of 0.8 and 1.2 percentage points respectively.
In August, sales prices of newly built commercial residential buildings in 35 third-tier cities rose 0.7% annually, the same increase as last month; they rose 9.0% year-on-year and fell 1.2 percentage points compared with last month. Sales prices of second-hand housing rose by 0.8% annually, an increase of 0.1 percentage points over the previous month, and increased by 5.8% year-on-year, a decrease of 1.3 percentage points over the previous month.
From January to August, the sales area of commercial housing was 1018.49 million square meters, down 0.6% year-on-year, a decrease of 0.7 percentage points compared with January to July. Among them, residential sales area increased by 0.6%, office sales area decreased by 10.8%, commercial sales area decreased by 13.9%. Sales of commercial housing increased by 6.7% to 9537.3 billion yuan, and the growth rate accelerated by 0.5 percentage points. Among them, residential sales grew by 9.9%, office sales fell by 11.7%, and commercial sales fell by 12.8%.
Source: Responsible Editor of Economic Report in the 21st Century: Chen Hequn_NB12679