To some extent, not only Zhanjiang will take the initiative to reduce the down payment ratio of individual housing loans, but many cities have already introduced this measure. At the same time, some cities have also voluntarily liberalized restrictions on purchases and sales, almost all in order to encourage people to actively buy houses. Because the real estate market in many cities is very poor, measures to encourage buying houses can further stabilize the local real estate market and directly alleviate the financial pressure of local real estate developers.
The down payment ratio of the first suite in Zhanjiang dropped to 20%.
Because the transaction volume of real estate in Zhanjiang area is relatively small and the local real estate market is very poor, after comprehensive consideration, the down payment ratio of the first suite in Zhanjiang area is reduced to 20%. For the majority of buyers, the threshold for buyers to buy a house is obviously lowered, so many people will buy a property that suits them in Zhanjiang.
Doing so can effectively alleviate the local real estate pressure.
You can try to understand this: since many people will apply for personal housing loans when buying a house, lowering the down payment ratio means further lowering the threshold for buying a house, so this measure can further digest the local real estate inventory and effectively alleviate the local real estate pressure. Zhanjiang itself is a tourist city, because the purchasing power of local residents is limited, so this way can further let more foreigners buy houses in Zhanjiang, and this way can also play a role in stabilizing the local real estate market.
At the same time, in addition to reducing the down payment ratio of commercial loans, Zhanjiang will also introduce more measures to encourage the purchase of houses. Only when the local real estate market can stabilize can Zhanjiang's real estate market achieve the goal of soft landing. For ordinary citizens, the difficulty of buying a house has indeed become lower and lower.