Lowering the mortgage interest rate and relaxing the purchase restriction … The "warm wind" in the real estate market is blowing frequently.
Lowering the mortgage interest rate, reducing the down payment ratio, relaxing the purchase restriction policy, giving tax and fee concessions and subsidies to buyers, increasing the support of provident fund for buying houses, and supporting talents and families with many children to improve their living conditions … … Recently, the real estate control policies have been adjusted in many places across the country, and the loose policies have shown a blowout trend.
In order to support the rigid and improved housing demand, the "warm wind" in the real estate market is blowing frequently. What are the specific policies? What benefits have these policies brought to property buyers? How will the policy promote the stable and healthy development of the real estate market? In this regard, the "Workers Daily" reporter combed.
Lowering the loan interest rate and reducing the cost of buying a house
"The loan interest rate is lowered, and the maximum amount of the first housing provident fund loan is raised. Now buying a house can save a lot of interest." On the fourth weekend of May, Ms. Wang from Jinhua, Zhejiang Province looked at several properties in one breath, ready to take advantage of the east wind of the policy and settle down for herself.
"According to the loan amount of 500,000 yuan, the term of 30 years and the equal repayment of principal and interest, the average monthly payment can be reduced by about 45 yuan, and the interest expenditure will be reduced by about 16,000 yuan in the next 30 years." On May 20th, the central bank released the latest loan market quoted interest rate (LPR), and the LPR over five years dropped from 4.6% to 4.45%, down by 15 basis points, from which industry experts gave such a set of calculation data.
Earlier, the central bank and China Banking and Insurance Regulatory Commission issued a document pointing out that the interest rate of the first home commercial personal housing loan can be lowered by up to 20 basis points. These two adjustments in the credit policy mean that the minimum loan interest rates for the first suite and the second suite reach 4.25% and 5.05% respectively, which is conducive to reducing the cost of purchasing houses with just-needed and improved needs. In addition to lowering the mortgage interest rate, local governments have also improved their real estate policies in light of local conditions, and relaxed administrative restrictions such as purchase restrictions and sales restrictions by reducing the down payment ratio, narrowing the scope of purchase restrictions, and giving tax concessions to buyers.
In terms of relaxing purchase restrictions, Wuhan, Jinan, Taiyuan, Hangzhou, Xiamen and other cities have lowered the threshold for buying houses, among which Wuhan and Jinan have adjusted some areas from the scope of purchase restrictions to the scope of unlimited purchases; Taiyuan new citizens do not need to settle down and social security to buy the first suite, and registered families who have settled in Hangzhou for less than 5 years no longer need social security to buy second-hand houses.
In terms of relaxing restrictions on sales, Harbin issued a document to abolish the previous regional restrictions on sales. Buyers can complete the registration of real estate ownership and obtain real estate warrants to be listed and traded. Nanjing and Jinhua’s new houses have been listed and traded for three years from the date of contract filing, and Qingdao, Dezhou, Jining and other places in Shandong have either shortened the time for restricting the transfer of houses or cancelled the policy of restricting sales. In addition, Taiyuan and other places also encourage reducing the down payment ratio of the first set of new commercial housing and giving deed tax subsidies.
Provident fund policy promotes the release of home demand
Since the beginning of this year, the pace of the introduction of property market regulation policies has been accelerated and intensified. In addition to relaxing the policies of restricting purchases and sales, many places have focused their efforts on the housing provident fund policy, including increasing the amount of provident fund loans and reducing the down payment ratio of provident fund loans.
In terms of increasing the amount of provident fund loans, Jinan, Nanjing, Anhui Lu ‘an, Sichuan Ya ‘an and Liangshan have raised the maximum amount of housing provident fund loans. Taking Nanjing as an example, the maximum loanable amount of the second housing provident fund loan for the first time has been adjusted from the current 300,000 yuan/person and 600,000 yuan/household for both husband and wife to 500,000 yuan/person and 1 million yuan/household for both husband and wife, so as to reduce the burden of purchasing houses for groups with improved needs.
In terms of reducing the down payment ratio of provident fund loans, Huainan, Anhui, Baotou, Inner Mongolia, Tai ‘an, Shandong and other places have adjusted the minimum down payment ratio of provident fund loans to 20%. Qingdao has abolished the stipulation that the age of second-hand houses is linked to the down payment ratio, and will no longer increase the down payment ratio step by step according to the age of houses, and relax the sum of the loan period and the age of second-hand housing provident fund loans to a maximum of 50 years. In addition, many places have also cancelled the restrictions on household registration of housing provident fund loans in different places.
Some experts believe that the adjustment of the provident fund policy is effective for cities with low housing prices and a high proportion of provident fund loans to the total housing prices. It is expected that more second-tier and third-and fourth-tier cities will continue to exert their efforts in the housing provident fund policy in the future to promote the release of potential home ownership demand.
Support talents and families with many children to buy houses and live in peace.
On May 15th, the relevant departments of Haikou issued a document saying that imported talents can enjoy the same treatment as local residents when they settle down, and those who have not settled down can buy houses in Haikou as long as they have 12 months of social security.
Haikou’s new policy of stabilizing the property market reflects a major direction of real estate regulation and control policies. For talented people and families with many children, various localities have introduced special preferential policies such as purchase restriction, loan restriction and provident fund to attract foreign talents to settle down and support families with many children to improve their living conditions.
In Taiyuan, qualified talents will receive a one-time housing subsidy of 50,000 yuan to 200,000 yuan according to different levels; In Xiamen, families with two children and above registered in this city can buy a third house; In Yangzhou, Jiangsu Province, the down payment ratio for applying for housing provident fund loans for talented people and families with two or more children has been adjusted from 30% to 20%… …
It is generally believed in the industry that the policy of easing the purchase of houses for families with two children and three children will be one of the key directions for the future regulation of the property market. Experts said that a series of real estate support policies will help support the commercial housing market to better meet the reasonable housing needs of buyers, and promote the virtuous circle and healthy development of the real estate industry due to the city’s policy.