Multiple fine-tuning of real estate market policies, with the proportion of down payment of local first set reduced to 20percent

category:Finance
 Multiple fine-tuning of real estate market policies, with the proportion of down payment of local first set reduced to 20percent


Nowadays, 20% down payment of the first apartment in some areas is reappeared, reflecting the differentiated implementation of the housing loan policy. Specifically, according to the relevant notice issued by Zhumadian recently, the minimum down payment proportion of the first housing provident fund loan paid to employees in this region will be reduced from 30% to 20%, and the maximum amount of housing provident fund loan paid to employees in each county will be increased from 450000 yuan to 500000 yuan, and the combined loan business of housing provident fund will be vigorously promoted. However, the first financial reporter learned that some local financial institutions have not yet received the notice.

In addition to Zhumadian, Nanning and Maanshan have also introduced heavy measures. For example, the second set of housing in Nanning (the construction area of the first set of housing is within 120 square meters, and the purchased second set of housing is within 144 square meters) can also be financed with provident fund, with a maximum loan limit of 500000 yuan. Maanshans housing purchase subsidy policy will continue for another year. According to incomplete statistics, at present, more than 20 provinces and cities have issued relevant policies related to the real estate field, mostly with the adjustment of land supply policies, housing purchase subsidies and deed tax subsidies.

Yan Yuejin, research director of the think tank center of Yiju Research Institute, told reporters that it is expected that in the future, house purchase subsidies and deed tax subsidies will become an important tool to hedge the decline of real estate transactions and stabilize the real estate market. He also mentioned that the subsequent policies such as reducing the down payment ratio and giving subsidies may be released in succession, which has a better direction of destocking and stabilizing the real estate market. However, although the current support policy is increasing, the most substantive content is to reduce the down payment ratio of commercial bank loans. He said.

It is worth noting that recently Zheshang Bank issued a notice to adjust the personal loan, which made it clear that according to the policy of purchase restriction and loan restriction in different regions, each branch can reduce the minimum proportion of personal down payment loan for the first purchase of ordinary housing by urban households without purchase restriction from 30% to 20%. For this reduction, Zheshang Bank said that it has always strictly implemented the regulatory authorities differentiated credit policies on purchase restriction and non purchase restriction, and met the local housing loan control measures of each branch, which is basically equivalent to the implementation requirements of the interbank.

In this regard, Xiao Yuanqi said that the real estate finance policy has not been adjusted and changed, and the CBRC will also monitor the real estate market financing situation and grasp it dynamically. But it used to be a one city one policy. The local government made arrangements according to the citys situation in a large direction, which did not violate the requirements of major policies, including the real estate financing policy. Yan Yuejin analyzed that the adjustment of the down payment ratio of house purchase has a great impact. The current policy of Zhejiang Commercial Bank has a certain demonstration effect. Objectively, it combines the resumption of work node, which is helpful to activate the housing transaction market and also has a positive role in the activity of the bank loan business market. There are also views that it is not ruled out that more banks will follow up to reduce the down payment ratio in the future, but it should be noted that it is necessary to comply with the guidance of regulatory policies and implement differentiated credit policies. Source: First Financial Editor: Guo Chenqi, nbj9931

In this regard, Xiao Yuanqi said that the real estate finance policy has not been adjusted and changed, and the CBRC will also monitor the real estate market financing situation and grasp it dynamically. But it used to be a one city one policy. The local government made arrangements according to the citys situation in a large direction, which did not violate the requirements of major policies, including the real estate financing policy.

Yan Yuejin analyzed that the adjustment of the down payment ratio of house purchase has a great impact. The current policy of Zhejiang Commercial Bank has a certain demonstration effect. Objectively, it combines the resumption of work node, which is helpful to activate the housing transaction market and also has a positive role in the activity of the bank loan business market.

There are also views that it is not ruled out that more banks will follow up to reduce the down payment ratio in the future, but it should be noted that it is necessary to comply with the guidance of regulatory policies and implement differentiated credit policies.