Social background of down payment for second home loan 2065438+65438 00+65438 10. In October, the General Office of the State Council issued the Notice on Promoting the Stable and Healthy Development of the Real Estate Market.
The notice made it clear that for families (including borrowers, spouses and minor children) who have used the loan housing and applied for a second or more housing, the down payment ratio of the loan should not be less than 40%, and the loan interest rate should be set strictly according to the risk.
In addition, real estate development enterprises that have obtained pre-sale permits should disclose all the houses at one time within the specified time, notify the requirements, and increase the implementation of differentiated credit policies.
While continuing to support residents to purchase ordinary self-occupied houses with loans for the first time, financial institutions should strictly manage second-home loans, reasonably guide housing consumption, and curb the demand for speculative investment in house purchase.
In addition, we will continue to implement differentiated housing tax policies.
It is necessary to strictly implement the state's differentiated tax policies for individual ordinary housing and non-ordinary housing, first-time purchase and non-first-time purchase.
Do not meet the prescribed conditions, shall not be given relevant tax incentives.
At the same time, it is necessary to speed up the study and improvement of housing tax policies and guide residents to establish a reasonable and economical concept of housing consumption.
The State Council General Office issued the Notice on Promoting the Stable and Healthy Development of the Real Estate Market.
The notice made it clear that for families (including borrowers, spouses and minor children) who have used the loan housing and applied for a second or more housing, the down payment ratio of the loan should not be less than 40%, and the loan interest rate should be set strictly according to the risk.
In addition, real estate development enterprises that have obtained pre-sale permits should disclose all the houses at one time within the specified time.
Notice requirements, strengthen the implementation of differentiated credit policies.
While continuing to support residents to purchase ordinary self-occupied housing with loans for the first time, financial institutions should strictly manage the purchase of two sets of housing loans, reasonably guide housing consumption, and curb the demand for speculative investment in housing purchase.
In addition, we will continue to implement differentiated housing tax policies.
It is necessary to strictly implement the state's differentiated tax policies for individual ordinary housing and non-ordinary housing, first-time purchase and non-first-time purchase.
Do not meet the prescribed conditions, shall not be given relevant tax incentives.
At the same time, it is necessary to speed up the study and improvement of housing tax policies and guide residents to establish a reasonable and economical concept of housing consumption.
Relevant explanation
The demand for speculative house purchase will be restrained.
The State Council reiterated that the down payment ratio of the second home loan should not be less than 40%, with the family as the identification unit.
This is a denial of the rumor that the down payment ratio of the second home loan will be 50%.
However, the implementation interest rate of the second home loan is not clear.
Guo Tianyong, director of the Banking Research Center of the Central University of Finance and Economics, said that it is obvious that the keynote of the New Deal is to continue to encourage the demand for affordable housing and curb the demand for speculative housing investment, and the central government has intensified the implementation of differentiated credit policies.
The second home loan interest rate will be flexibly grasped.
Li Wenjie, managing director of Zhongyuan Real Estate Agency Co., Ltd. in North China, said that the greater significance of the State Council's notice is to give the executive bank a clear attitude, and then it depends on how the credit policy formulated by the bank this year is implemented.
As far as he knows, at present, the major banks have not formulated a 20 10 credit policy.
Liao Yingmin, a researcher at the the State Council Development Research Center, said: "Strict management of the second-home purchase loan, on the one hand, clarifies the down payment ratio, on the other hand, allows banks to flexibly grasp the loan interest rate according to risks, with the aim of reasonably guiding housing consumption and curbing the demand for speculative investment in housing purchase.
"
Developer response
I hope to see that new measures to curb speculative demand will definitely force demand to fall.
A developer in Beijing said that the notice issued by the State Council and the real estate policy issued in the previous stage are very clear, which is aimed at groups that invest and speculate in buying houses.
These policies will certainly achieve the purpose of restraining these buyers, thus reducing the growth of the real estate market or reducing the upward trend of housing prices.
For this upcoming trend, they are actually very willing to see it.
Because the growth is too fast, it is not good for any industry and will bring great risks.
For example, the housing market is growing too fast and the land price is rising too fast. As an enterprise, we must take land for development. Once the housing market is depressed, high land prices have to be digested by themselves.
Therefore, a healthy real estate market enables enterprises to develop for a long time.
News observation
The second suite policy has always been very strict. At the beginning of the new year, the rumor that the down payment ratio of the second suite has been raised from 40% to 50% has never stopped.
Recently, the China Banking Regulatory Commission responded that there is no new policy for second-home loans, and the statement of "increasing the down payment ratio" is also "Don't misinform".
Yesterday, the State Council officially issued a notice, once again making it clear that the down payment for the second suite is not less than 40%.
The government department reiterated the down payment ratio of the second home loan twice, which shows that it attaches great importance to it.
In the middle of February last year, 65438, the executive meeting of the State Council put forward the requirements of "accelerating the construction of affordable housing, strengthening market supervision, stabilizing market expectations, and curbing the excessive rise of housing prices in some cities".
The central government constantly emphasizes the real estate policy, which is stricter every time, in order to correct the misunderstanding and blind optimism of the real estate policy of the Central Economic Work Conference.
At that time, it was predicted that the second home loan of 20 10 would be further tightened.
It can be seen that the management understands that the second home loan is Pandora's box. Once it is released, it will inevitably encourage speculation in the property market and have a substantial impact on the financial system.
In fact, since the central bank and the China Banking Regulatory Commission established the criteria for determining the second home loan, the speculative second home loan has never been relaxed.
The strictness of the second home loan is mainly reflected in two points: first, the interest rate will not be discounted compared with the first suite, but will rise above 10%; Second, the down payment ratio of the second home loan shall not be less than 40%.
This regulation, before the crazy property market in 2008, restrained the property market speculation to some extent.
Moreover, due to the security of funds, even at the lowest point of the property market in 2008, all policies on property market regulation were breached one by one, except for the second home loan, at least in official documents, there was no sign of relaxation.
It can be seen that the top-down regulators are very clear about tightening the second home loan and cooling down the frenzied real estate, and this policy will never be easily changed.
This is not only to reduce the risk of banks, but also to reduce the risk of the real estate industry in China. If you are always intoxicated with beer bubbles, I'm afraid you will pay a heavy price sooner or later.
analyse
The need to improve housing was not mentioned. Lee Hung, a senior analyst in Shen Yin Wanguo real estate industry, said in an interview that the contents of this notice are consistent with the industry expectations, and there may still be specific measures to be introduced one after another.
Generally speaking, the policy statement is neutral, but the actual work may be very flexible and relaxed.
Lee Hung said that there was no mention of "improved housing demand" in the notice. Although some local governments have defined the "demand for improved housing", for example, the Shanghai Provident Fund Management Center takes the per capita housing construction area of 33.4 square meters as the standard for improving the purchase of houses in the "loan policy", it is quite different for the whole country and needs to be further clarified.
It is unlikely that property tax will be levied in the short term.
It is believed that the notice emphasizes "accelerating the research and improvement of housing tax policies and guiding residents to establish a reasonable and economical concept of housing consumption", but it does not explicitly mention property tax. It is estimated that the possibility of levying property tax in the short term is very small, but it does not rule out "idling" in the whole country or piloting the levy of commercial real estate property tax in some areas.
Other viewpoints
The notice of foreign sales of real estate enterprises should be clearly marked. It is stipulated that the real estate development enterprises that have obtained the pre-sale permit shall publicize all the houses at one time within the specified time and sell them in strict accordance with the declared price.
Further establish and improve the online filing system for new commercial housing and stock housing transaction contracts, and increase the supervision of transaction funds.
In this regard, Du, a macro analyst of Hongyuan Securities, said that this reflects the country's concern about the specific sales situation of real estate, which is conducive to the transparency of the real estate sales process and puts an end to the self-hype and deception of some developers.
Prevent overseas "hot money" from hitting China.
Under the impact of the international financial crisis, the real estate market in China is extremely hot, which has great attraction to overseas "hot money".
Yin Zhongli, deputy director of the Financial Market Research Office of the Institute of Finance, China Academy of Social Sciences, said that at present, under the global low interest rate environment, short-term international cross-border capital flows have intensified. While the European and American capital markets and real estate markets are relatively depressed, the housing prices in these two regions are rising, attracting the entry of "hot money".
The notice clearly stated that relevant departments should strengthen the monitoring of the flow of credit funds and cross-border investment and financing activities, prevent credit funds from entering the real estate market illegally, and prevent overseas "hot money" from impacting China's market.
Yin Zhongli said: "It is expected that overseas hot money will further enter the stock market, housing market and other fields in emerging market countries this year, which will bring about bubble expansion in these two fields.
Based on this concern, the state clearly proposed to strengthen the monitoring of cross-border investment and financing activities to prevent overseas "hot money" from impacting our market.
"
Exploring methods The sword refers to the frequent occurrence of "land kings"
In 2009, the frequent phenomenon of "land king" triggered a controversy about the land bidding, auction and hanging system. While affirming that it has promoted fair trade in the land market, this way of "the highest bidder wins" has also caused criticism.
The notice clearly requires that all localities should comprehensively consider factors such as land price, price payment, development period agreed in the contract, and idle land of enterprises, reasonably determine the way and content of land supply, and explore a comprehensive bid evaluation method for land transfer.
Units and individuals who default on the land price and violate the contract must participate in land transfer activities.
Strictly control the single land transfer area of commercial housing projects.
Liao Yingmin, a researcher at the State Council Development Research Center, said: "Exploring the comprehensive evaluation method of land transfer and a series of policies involving the land market is to prevent the phenomenon of" land king "on the one hand and to improve the efficiency of land supply, development and utilization on the other.
"
Local ultra vires tax reduction and exemption should be cleaned up and corrected.
The notice clearly requires that all localities should promptly clean up and correct the provisions that are inconsistent with the requirements of central regulation and control, such as local ultra vires tax reduction and exemption, in light of the real estate market situation in the region.
To further improve and implement the responsibility system for stabilizing the real estate market and solving the housing difficulties of low-income families, the provincial people's government takes overall responsibility, and the city and county people's governments implement it.
Relevant departments in the State Council should strengthen inspection and guidance on the implementation of local real estate market regulation policies, focusing on the supervision of regions and cities where housing prices have risen too fast.
All provinces, autonomous regions and municipalities directly under the Central Government should also intensify their guidance on the work of cities and counties, strengthen supervision and inspection, and ensure that all work measures are implemented.
In this regard, a brokerage real estate industry analyst who asked not to be named said that the notice proposed to focus on the supervision of cities and regions where housing prices rose too fast, emphasizing the responsibility system, which was rare in the previous notice issued by the State Council.