During the Spring Festival, Beijing's mortgage transaction volume decreased by 5% year-on-year
Recently, the latest statistics released by a lending institution show that the transaction volume of Beijing mortgage market in the seven days of the Spring Festival dropped by about 5% compared with last year's Spring Festival.
Although the transaction in Beijing's mortgage market picked up quickly last year under the impetus of various favorable policies, the arrival of the Spring Festival in February still affected the enthusiasm of loan buyers for buying houses.
During the Spring Festival, most people arranged trips, but not many people actually signed purchase orders, which led to a slight decline in loan transactions during the Spring Festival. However, many people who are ready to change houses or buy the first home are ready to enter the market under the environment of low interest rate, low down payment, loose housing prices and diverse property types, which will largely become a favorable factor to promote the growth of the post-holiday mortgage market.
The decline in mortgage will not affect the market.
During the Spring Festival, the mortgage market turnover declined slightly, which will not have much impact on the post-holiday market trend. It is expected that the demand for loans in Beijing's mortgage market will continue to be released after the holiday, and the real estate market will mainly stabilize in the future.
It is worth noting that before the Spring Festival, the central bank and the China Banking Regulatory Commission adjusted the down payment ratio of major "unlimited purchase" cities. With the development of rail transit, the lowering of the loan threshold will prompt some foreigners living in Beijing to return home or choose to buy houses in the surrounding areas of Beijing, or divert some local loan demand in Beijing, so the follow-up Beijing mortgage market will focus on stabilizing.
What is the housing loan policy in Beijing?
1. The minimum down payment ratio shall be adjusted to not less than 40% for households that own a house and the corresponding housing loan has not been settled.
2. Use the housing provident fund loan to purchase the first set of ordinary self-occupied housing, with a minimum down payment of 20%;
3. Families who own a house and have settled their loans will apply for housing provident fund to buy a house again, with a minimum down payment of 30%.
(The above answers were published on 20 16-02- 15. Please refer to the actual situation for the current purchase policy. )
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