Downpayment ratio of multi-site mortgage is lowered
On March 19, the self-discipline mechanism of market interest rate pricing in Guangxi Zhuang Autonomous Region held a meeting and agreed to reduce the down payment ratio of mortgage loans in some cities: for those who already own a house in Nanning, the minimum down payment ratio of commercial loans for re-purchasing ordinary commercial housing will be adjusted from 40% to 30%, and the minimum down payment ratio of the first commercial loans in Beihai and Fangchenggang will be adjusted from 25% to 20%.
After this adjustment, the down payment ratio of the second suite in Nanning is the same as that of other cities in Guangxi, with 30% implementation; The down payment ratio of first-time house purchase in Beihai and Fangchenggang City is the same as that in most cities in Guangxi, with 20% implementation.
In 20 16, the document issued by the People's Bank of China stipulated that the minimum down payment ratio of the first suite can be further reduced by 5 percentage points on the basis of 25% in cities that do not implement the "purchase restriction" measures, that is, the down payment ratio can be as low as 20% in principle; The minimum down payment ratio for the second suite is 30%. At present, the down payment ratio of mortgage loans in various cities in Guangxi has been basically reduced to a minimum.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that compared with the independent down payment ratio of some commercial banks, the self-discipline mechanism is more official and authoritative, and the down payment ratio has gradually changed from commercial bank behavior to urban mainstream policy.
In addition to lowering the minimum down payment ratio, some cities also lowered the interest rate of individual housing loans.
Since March, the interest rates of the first and second home loans in Xiangyang, Shiyan and other places in Hubei have been lowered by 40~45 BP compared with that in February. On March 19, state-owned commercial banks such as ICBC, Agricultural Bank of China, Bank of China, China Construction Bank and Bank of Communications lowered the interest rate of the first home loan to 5.28%, and the interest rate of the second home loan to 5.57%. This interest rate level has become the mainstream of mortgage interest rate of state-owned big banks in Xiangyang. Joint-stock banks and local corporate banks have also lowered their mortgage interest rates accordingly.
In the same period, many banking institutions in Tai 'an, Linyi, Yantai and other places in Shandong also generally lowered the interest rate of individual housing loans. For example, the average interest rate of the first suite of Bank of China Yantai Branch was lowered to 5. 1%, and the average interest rate of the second suite was lowered to 5.3%, both lower than the previous interest rates.
In terms of lending, since 2022, banking institutions have actively responded to market demand, accelerated the approval and delivery of personal housing credit, curbed the further spread of risk sentiment, and helped the real estate market stabilize and rebound. Most banks in the above-mentioned areas said that the amount of mortgage loans was sufficient and there was basically no queuing phenomenon.
Real estate ushered in the dawn of policy
"In 20 14, Guangxi fired the first shot to save the market, and the policy of buying houses was relaxed earlier in the country." Yan Yuejin said.
After the the State Council Financial Stability and Development Committee held a special meeting recently, five ministries and commissions, including the central bank, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance, and the foreign exchange bureau, voiced their voices one after another, and the real estate industry ushered in a policy dawn.
The Finance Committee meeting pointed out that for real estate enterprises, it is necessary to study and put forward effective risk prevention and resolution solutions in a timely manner, and put forward supporting measures for the transformation to a new development model.
Subsequently, various ministries and commissions voiced their voices in response to the real estate industry. The central bank said that it is necessary to persist in striving for stability, prevent and resolve risks in the real estate market, make steady progress, and complete the rectification of large platform companies as soon as possible. The China Banking Regulatory Commission said that it is necessary to adhere to the positioning that houses are used for living, not for speculation, and constantly improve the long-term mechanism of "stabilizing land prices, stabilizing housing prices and stabilizing expectations". Actively promote the transformation of the development mode of the real estate industry, encourage institutions to carry out M&A loans in a safe and orderly manner, and focus on supporting high-quality housing enterprises to merge and acquire high-quality projects of difficult housing enterprises, so as to promote the virtuous circle and healthy development of the real estate industry.
The CSRC stated that it actively cooperated with relevant departments to effectively resolve the risks of real estate enterprises, promote the healthy development of platform economy and improve international competitiveness; The foreign exchange bureau said that it will cooperate with relevant departments to promote the healthy and stable development of the real estate market and platform economy; According to the Ministry of Finance, considering all aspects, it is not possible to expand the pilot cities in real estate tax reform this year.
In this regard, Wen Bin, chief researcher of China Minsheng Bank, said that the real estate industry has different degrees of contact with many industries in the national economy. Therefore, the virtuous circle and healthy development of the real estate industry is very important for the smooth operation of the economy, especially at the critical stage of economic climbing. It is necessary to prevent and resolve the risks of some real estate enterprises, stabilize land prices, house prices and expectations, and turn them into new development models.