165438+1October 1 1, according to qianjiang evening news news, a bank in Hangzhou issued the Emergency Notice on Adjusting the Personal Housing Mortgage Loan Policy in Hangzhou (hereinafter referred to as the Notice) to all branches, sub-branch business departments and personal loan management centers, and will implement the policy of "recognizing housing but not denying loans".
According to the notice, this policy adjustment will be implemented from1October1October, 2022, subject to the online signing date of the house purchase contract, that is, the online signing contract on or before June 65438+1October 10, 2022 will still be implemented according to the original policy.
According to the notice, the purpose of adjusting the differentiated housing payment policy in Hangzhou is to adhere to the positioning of "houses are used for living, not for speculation", support rigid and improved housing demand, and promote the stable development of the housing market in Hangzhou.
Experts said that this Hangzhou property market regulation policy has achieved an all-round reduction in the cost of buying houses by reducing the down payment ratio and lowering the interest rate of the first home loan, supported the just-needed and improved demand for buying houses, and actively played a role in stabilizing the property market and stabilizing expectations. With the introduction of various concessions by real estate enterprises at the end of the year, it is estimated that the transaction scale of Hangzhou property market will pick up in June by 5438+065438+ 10. With the stable recovery of China's economy and the active implementation of real estate support policies, it is expected that the real estate market in China will gradually stabilize in the fourth quarter.
Buying a house in Hangzhou will implement "recognizing the house but not the loan, with a down payment of 40% for the second set".
The "Notice" adjusted the conditions for determining the loan for the first home in Hangzhou, the down payment ratio for the second home and the loan interest rates for the first and second homes.
Mainly includes:
First, for households who have no housing in Hangzhou, but have housing mortgage records and the corresponding loans have been settled, in order to improve conditions, they can buy ordinary self-occupied housing again, which can be implemented according to the first home loan policy. The scope of policy adjustment is the restricted purchase area in Hangzhou.
Second, in order to improve the living conditions, the minimum down payment ratio for households who buy a second set of ordinary self-occupied houses is 40%, and the scope of policy adjustment is the restricted purchase area in Hangzhou.
Third, for households who purchase ordinary self-occupied houses by loans, the first interest rate shall not be lower than the loan market interest rate (LPR) minus 20 basis points, that is, the lowest interest rate LPR-20BP；; ; The interest rate of the second home loan shall not be lower than the loan market interest rate listed in the same period plus 60 basis points, that is, the lowest interest rate is LPR+60BP；; ; The scope of policy adjustment is the whole jurisdiction of Hangzhou.
With the release of the Notice, the conditions for determining the first home loan in Hangzhou have changed from "recognizing the house and recognizing the loan" to "recognizing the house and not recognizing the loan", which means that buyers who have no house in Hangzhou but have mortgage records and the corresponding loans have been settled will enjoy the minimum down payment ratio of 30%. At the same time, the Notice also adjusted the minimum down payment ratio of the second home loan from the previous 60% to 40%.
It should be noted that the two new policies to adjust the down payment ratio are intended to meet the demand for improved housing, and the scope of policy adjustment is the restricted purchase areas in Hangzhou, namely Xihu District, Shangcheng District, Gongshu District, Binjiang District, Xiaoshan District, Yuhang District, Qiantang District, Linping District and Fuyang District.
Many experts pointed out that according to the notice, the minimum interest rate for the first home loan in Hangzhou was adjusted to 4. 15%, and the minimum interest rate for the second home loan was adjusted to 4.9%.
Comprehensively reduce the cost of buying houses in Hangzhou
On June 5438+ 10, the overall transaction volume of Hangzhou property market was sluggish. According to the data of the Central Finger Research Institute, from the perspective of new houses, the transaction volume of new houses in Hangzhou was sluggish in June 5438+ 10, down 24.5 from the previous month; In terms of specific opening performance, the overall winning rate of Hangzhou in June 5438+ 10 was 47.7%, up by 12. 1 percentage point from last month, and the volatility in June 5438+ 10 was 39. 1%, up from last month. From the perspective of second-hand housing, the transaction volume of second-hand housing in Hangzhou in June 10 began to decline continuously in June.
According to this notice, the purpose of Hangzhou's adjustment of differentiated housing loan policy is to adhere to the positioning of "houses are for living, not for speculation", support rigid and improved housing demand, and promote the stable development of Hangzhou's housing market.
For the announcement of this notice, Yan Yuejin, research director of the think tank center of Yiju Research Institute, said that the reduction of the interest rate of the first home loan combined with the reduction of the down payment ratio reflects the policy orientation of comprehensive cost reduction of housing purchase in Hangzhou, and supporting the demand for just-needed and improved housing purchase will undoubtedly play a positive role in stabilizing the property market and stabilizing expectations.
Gao, executive vice president of East China Branch of Central Finger Hospital, said that after this policy adjustment, the purchase cost of new and second-hand houses in Hang Cheng will be reduced, which will help release new demand, drive transactions, superimpose the sprint performance of housing enterprises near the end of the year or introduce various concessions. It is estimated that the transaction scale of Hangzhou property market will pick up in June 5438+065438+ 10.
The property market may stabilize in the fourth quarter.
Since 10, although the mortgage interest rate has been lowered and developers have actively promoted sales, the signs of recovery in the real estate market are still not obvious. According to the financial statistics of June 5438+ 10 released by the People's Bank of China, the medium and long-term loans of households in June 5438+ 10 increased by 33.2 billion yuan, which was significantly lower than that of last month. It also reflects that the peak season of real estate sales in June 5438+ 10 is not prosperous, and the wait-and-see mood of buyers is still strong.
However, since June 165438+ 10, the real estate market has ushered in many good news. For example, on June 5438+065438+1October 8, the Inter-bank Market Dealers Association released information to support private enterprises including real estate enterprises to issue bonds for financing. It is estimated that it can support private enterprise bond financing of about 250 billion yuan, which can be further expanded according to the situation.
165438+ 10 On 2 October, Yi Gang, Governor of the People's Bank of China, said in an interview at the International Financial Leaders Investment Summit held by the Hong Kong Monetary Authority that the real estate industry is related to upstream and downstream industries. The regional characteristics of the real estate market are obvious and quite different, and the municipal government plays an important role in stabilizing the local real estate market. Recently, real estate sales and loans have improved slightly. With the continuous progress of urbanization in China, I believe that the real estate market can maintain a stable and healthy development.
Li, chief researcher of the Housing Policy Research Center of Guangdong Urban Planning Institute, said that with the sharp drop in mortgage interest rate since June 5438+ 10, the work of "guaranteeing the house" has made positive progress, stabilizing market expectations, and all funds are used to help private enterprises and sound enterprises. It is expected that the real estate market will start to bottom out and stabilize.
Chen Wenjing, director of market research of Index Division of Central Reference Institute, said that if the macro-economy recovers steadily, relevant policies are actively implemented, the epidemic situation in many places is effectively controlled, the mood of buyers is expected to gradually recover, the new housing market may gradually stabilize in the fourth quarter, and the second-hand housing market in some hot first-and second-tier cities may show a slow recovery trend. In the medium and long term, the overall scale of the real estate market is shrinking, but there is still room for urbanization, the demand for improved housing is large, housing demand is still supported, and market structural opportunities are still there.