Behind the downward adjustment of down payment in many places is the overall downward trend of the property market since last year, especially in third-and fourth-tier cities. The weakening demand for house purchase and the continuous decline in sales, coupled with other factors, further affect the cash flow of housing enterprises and land transfer fees.
In the eyes of the industry, reducing the down payment is a reasonable relaxation under the tone of "city policy". By reducing the down payment ratio, some reasonable housing demand can be released to a certain extent and market expectations can be enhanced.
From a national perspective, the reduction of mortgage interest rate and down payment ratio in the current easing policy will obviously lower the threshold for buyers to enter the market, which will have a great impact on the property market, and it is expected to help the property market out of the recent lowest point, and the market will gradually recover into a new trend.
What cities have reduced the down payment ratio?
1, Beihai: The Notice on Adjusting Housing Provident Fund Loan Policy issued by Beihai Housing Provident Fund Management Center points out that the minimum down payment ratio will be reduced from 60% to 40% for employees' families to buy a second house or apply for a second housing provident fund loan.
2. Zhuzhou: Zhuzhou Housing Provident Fund Center released nine drafts of adjustment policies such as withdrawal and loan. The draft points out that the minimum down payment ratio will be reduced from 50% to 30% for workers' families who own 1 apartment and have settled the corresponding provident fund loans to improve their living conditions.
3. Fuzhou: Fuzhou's provident fund policy has been adjusted. If the employees' families who buy houses in the administrative area of Fuzhou apply for pure housing provident fund loans for the second time, the down payment ratio will be adjusted to 40%. Apply for a portfolio loan to buy a house, referring to the relevant provisions of the down payment ratio of commercial banks. The adjustment will be implemented from February 1.
4. Heze: It is reported that the down payment ratio of the four major banks of Shandong Heze Workers and Peasants Construction Co., Ltd. for "no house and no loan" buyers has been reduced from the previous minimum of 30% to 20%.
5. Nanning: Nanning Housing Provident Fund Management Center issued the Detailed Rules for the Management of Individual Housing Loans of Nanning Housing Provident Fund, which came into effect on March 1. The detailed rules include: if the first housing provident fund loan policy is implemented, the down payment ratio shall not be less than 20% of the house value, that is, the loan amount shall not be higher than 80% of the house value; If the second-home provident fund loan policy is implemented, the down payment ratio shall not be less than 30% of the house value, that is, the loan amount shall not be higher than 70% of the house value.