On June 29, Jiyuan City, Henan Province issued a new policy to stabilize real estate, proposing that the down payment ratio of residents to purchase the first suite should be reduced to 20%, and encouraging real estate development enterprises to collect the down payment by stages, but the longest one should not exceed 1 year. In addition, regardless of the first set or the second set, the down payment ratio of provident fund loans is 20%; Increase the maximum loan amount of the provident fund.
In this regard, some insiders believe that Jiyuan is the first in the industry to clarify the down payment installment policy with government documents, which is of guiding significance to the whole industry. When it is clear that the down payment ratio of the first suite is reduced to 20%, the down payment is allowed by stages, which greatly reduces the proportion of the first down payment of the buyers and has a better burden reduction effect.
However, some insiders believe that down payment installment is an excessive lever for residents, which may lead to subsequent supply failure and an increase in bad debts of bank mortgages, and should be cautiously introduced.
On the other hand, a real estate in Wuxi launched a "peach-colored house exchange" activity. On June 29, a poster on the Internet showed that the property in Yangshan, Wuxi, Jiangsu Province launched the activity of "I will collect peaches, and you will settle down and help me". The sale of real estate was confirmed. By August 3 1, the house price can be deducted from peach 18.88 yuan/kg, with the maximum deduction of 10000 kg, and each set can reach 188888 yuan.
Jiyuan encourages housing enterprises to pay down payment in installments.
On June 29th, Jiyuan Real Estate Management Bureau issued several measures to promote the stable and healthy development of real estate, including nine measures such as increasing the support of housing provident fund loans and reducing the personal housing consumption burden.
It is worth noting that in reducing the burden of personal housing consumption, it is proposed that the down payment ratio of residents to purchase the first suite should be reduced to 20%, and real estate development enterprises should be encouraged to collect the down payment by stages, but the longest period should not exceed 1 year. Families who own 1 apartment and have settled the corresponding housing loans and need to improve their living conditions can enjoy the first home loan policy if they apply for loans to buy ordinary commercial housing again.
At the same time, guide financial institutions to increase the amount of personal loans, speed up lending, and reduce loan interest rates. Personal mortgage before May 3, 20231,if the mortgage is closed, the principal and interest can be extended for up to one year, and the bank will not apply to the court for auction, sale and other disposal measures; If the bank has applied for execution, the court will not take auction or sale measures temporarily after obtaining the consent of the bank. Mortgage default behavior is not included in the scope of personal credit information.
In addition, in terms of increasing the support for housing provident fund loans, it is planned to relax the application conditions for provident fund loans. Non-Jiyuan migrant workers who pay housing provident fund economically can apply for housing provident fund loans according to the same standard of household registration in this city. Whether it is the first set or the second set, the down payment ratio of housing provident fund loans is 20%, and the self-built houses with the nature of rural land allocation are not included in the total number of family properties for the time being. In addition, the upper limit of housing provident fund loans has been unilaterally raised from 250,000 yuan to 350,000 yuan, and both husband and wife have been raised from 400,000 yuan to 500,000 yuan.
The first official document recognized the installment down payment.
Yan Yuejin, research director of the think tank center of Yiju Research Institute, believes that the biggest highlight of Jiyuan's policy is to take the lead in allowing the down payment installment policy in the country. This is the official recognition of down payment by installments, which is different from the practice of housing enterprises taking down payment by installments themselves. This also shows that the installment down payment policy is permissible and feasible, which is of guiding significance to the whole industry.
"This time, Jiyuan allowed to pay the down payment in installments when it was clear that the down payment ratio of the first suite was reduced to 20%, which greatly reduced the proportion of buyers paying the down payment for the first time, and the burden reduction effect was better." Yan Yuejin said.
Yan Yuejin pointed out that Jiyuan was the first in the industry to use government documents to clarify the down payment installment policy. In the past, the down payment was mostly carried out within the housing enterprises, which was a gray area operation to some extent. Now that the government has clarified this operation, it has actually straightened out the function and role of down payment installment, and also improved the market position of down payment installment. Property buyers and housing enterprises do not need to hide it. This operation also shows that there are indeed many innovations at the down payment level in the process of encouraging the release of housing demand.
However, Li, the chief researcher of the Housing Policy Research Center of Guangdong Urban Planning Institute, believes that encouraging developers to make down payment by stages and lowering prices is a policy measure that many third-and fourth-tier cities have implemented in the past. Moreover, in order to promote sales, many developers have recently started to make down payment by installments or even zero down payment, but more hope to use big discounts as a means of promotion, increase the down payment ratio and pay back the money as soon as possible. Moreover, Jiyuan's policy is "encouragement" rather than "compulsion", which more embodies the signal significance of the policy.
Li also pointed out that the down payment by installments is excessive leverage for residents. On the one hand, the down payment has decreased, but the monthly supply has increased, which may lead to poor follow-up supply and an increase in bad bank loans; On the other hand, the down payment by installment may be the down payment within one year or half a year, which may lead to the phenomenon of privately docking private funds and letting buyers borrow the remaining down payment through channels other than banks, thus triggering a series of financial chaos. In short, the policy should be cautious.