Shandong Ningyang issued the real estate market stimulus policy: down payment and loan interest rate decrease

category:Finance
 Shandong Ningyang issued the real estate market stimulus policy: down payment and loan interest rate decrease


This opinion promotes the real estate sales from six aspects, one is to implement the house purchase subsidy. Implement the financial subsidy policy for purchase of houses. For the purchasers who purchase ordinary houses (excluding second-hand houses) and have signed the online contract for record and actually purchase, the county finance will provide subsidies according to the standard of 5000 yuan per set. The subsidy period is from the date of this article to October 8, 2020.

Third, guarantee the enrollment of the children of online signers. Increase education support. All purchasers of commercial housing can enjoy the relevant policies of the county government on the division of school districts in compulsory education stage from the date of completing the online signing contract filing.

Fourth, reduce down payment. The minimum down payment ratio of commercial personal housing loans for the first purchase of ordinary housing by households will be reduced to 20%; for households with one set of housing and the corresponding purchase loans have not been settled, the minimum down payment ratio will be reduced to 30% for those who apply for commercial personal housing loans again to purchase ordinary housing in order to improve their living conditions. The minimum down payment proportion of the first ordinary self owned house purchased by the families who have paid the employees is 30%; the minimum down payment proportion of the first ordinary self owned house purchased by the families who have owned one house and have settled the corresponding house purchase loan is 40% for the families who have applied for the entrusted loan of the housing accumulation fund to purchase the ordinary self owned house again in order to improve the living conditions.

Fifth, reduce the loan interest rate. Guide banking financial institutions to do a good job in converting the pricing benchmark of stock floating rate loans into LPR, and the new commercial individual housing loan interest rate is formed with LPR as the pricing benchmark plus point. Support banking financial institutions to determine the loan interest rate level reasonably according to the decision of market interest rate pricing self-discipline mechanism of Shandong Province, in combination with the commercial personal housing loan release policy, risk prevention and control and other factors of the institution, and according to the borrowers credit status, repayment ability and other factors.

Sixthly, encourage enterprises to offer discounts. We will actively guide and encourage real estate development enterprises to study and launch preferential purchase and profit giving activities for consumers according to their own actual conditions and market conditions, so as to provide more benefits for buyers and stimulate the enthusiasm of the masses. For ordinary housing purchased before October 8, 2020 (subject to online contract filing), the discount per square meter shall not be less than 50 yuan (specifically determined by real estate enterprises and consumers through consultation).

Recently, the deregulation policy of local property market was withdrawn after it was introduced frequently.

Jingzhou, Hubei Province, issued a series of real estate support policies on April 18, China News reported. According to the regulations, the proportion of down payment shall not be less than 20% when the households purchase the first set of housing; the proportion of down payment shall not be less than 30% when the households purchase the second set of housing and the loans for the first set of housing are not settled. Previously, the housing loan policy implemented by Jingzhou City was that the proportion of down payment for purchasing first set of housing was generally no less than 30%, and the proportion of down payment for second set of housing was generally no less than 50%. Only four days after the policy was issued, Jingzhou City said in official channels that it had decided to stop the implementation of the new real estate policy because some of the terms were inconsistent with the provincial government documents. Huaian, Jiangsu Province, has also been revealed to have been withdrawn a day after the official admission that the restrictions were relaxed. Recently, Qingdao, Haining, Guangzhou, Jinan, Baoji, Zhumadian and other cities have experienced one-day tour or several day tour of real estate deregulation policy. For example, the one hundred day purchase policy of relaxing purchase and loan restriction issued by Qingdao was withdrawn after only three days. The policy of one-day tour appears in Guangzhou when the restriction of apartment purchase is cancelled. Source: surging news editor: Wang Xiaowu NF

Jingzhou, Hubei Province, issued a series of real estate support policies on April 18, China News reported. According to the regulations, the proportion of down payment shall not be less than 20% when the households purchase the first set of housing; the proportion of down payment shall not be less than 30% when the households purchase the second set of housing and the loans for the first set of housing are not settled. Previously, the housing loan policy implemented by Jingzhou City was that the proportion of down payment for purchasing first set of housing was generally no less than 30%, and the proportion of down payment for second set of housing was generally no less than 50%.

Only four days after the policy was issued, Jingzhou City said in official channels that it had decided to stop the implementation of the new real estate policy because some of the terms were inconsistent with the provincial government documents. Huaian, Jiangsu Province, has also been revealed to have been withdrawn a day after the official admission that the restrictions were relaxed. Recently, Qingdao, Haining, Guangzhou, Jinan, Baoji, Zhumadian and other cities have experienced one-day tour or several day tour of real estate deregulation policy. For example, the one hundred day purchase policy of relaxing purchase and loan restriction issued by Qingdao was withdrawn after only three days. The policy of one-day tour appears in Guangzhou when the restriction of apartment purchase is cancelled.