After the central bank frequently cut interest rates, buying a house with a mortgage loan has become the norm, and the proportion of people buying a house with a one-time payment has decreased again. Data show that the mortgage ratio increased to 71% in the first 11 months, and one-time payment accounted for only 29%.
A few days ago, agent Xiao Huang accompanied his client to the Housing Authority to handle the transaction procedures. This was Xiao Huang’s second mortgage purchase case this month. This year's mortgage policy is much looser than last year, and there have been multiple interest rate cuts this year. Many customers who want to buy a house with a mortgage have recently accelerated their purchases.
The mortgage ratio rose to 71% in the first 11 months
The multiple interest rate cuts during the year had a positive impact on stimulating mortgage buyers to enter the market, and the proportion of mortgage home purchase cases increased significantly. According to Hefu Real Estate transaction data, in the first 11 months of this year, the proportion of mortgage purchases was as high as 71%, while from January to November 2014, the proportion of mortgage purchases was only 58%. The proportion of home purchases with one-time payment has declined accordingly, from 42% in the first 11 months of 2014 to 29% from January to November. On the one hand, multiple interest rate cuts during the year have alleviated mortgage buyers' mortgage payment pressure to a certain extent, which is conducive to home purchases. On the other hand, home buyers are also worried that property prices will resume a significant upward trend in the market outlook. According to the transaction data of Hefu Real Estate, the average transaction price of second-hand residential properties in the first 11 months of this year was 23,687 yuan/m2, a slight increase of 2.9% compared with the first 11 months of last year. After the booming land market in November, the asking prices of second-hand housing owners in some areas began to rise.
Li Xiaochun, director of the Fangcun Lixun Original Construction Branch of Hefu Real Estate, said that affected by the volume and price of first-hand sales in Fangcun Guanggang New City, second-hand prices in the surrounding areas have increased, and second-hand house owners have a stronger mentality. For example, the average price of Four Seasons Garden was 21,000 yuan/m2 before, but now the average price is 22,000 to 23,000 yuan/m2. If you are an owner who is not in a hurry to sell, the listing price will be several hundred yuan per square meter higher than the market price.
In some areas, as many as 80% to 90% of mortgage purchases are made
Although it is almost the end of the year, mortgage buyers are still quite enthusiastic about entering the market. In some areas, as many as 80% to 90% of completed transactions have been completed. Everyone uses a mortgage to complete the transaction. According to Hefu Real Estate transaction data, as many as 90% of the purchases around Xiaobei Road in Yuexiu District in the past month or two were mortgage purchases. In areas where urgent buyers are concentrated, such as Jinshazhou and Zhongcun, the proportion of mortgage home purchase cases is as high as 89%. In addition, for wedding tenants who have a relatively tight financial budget but urgent need to buy a house, mortgage is the choice of most people. Transaction data shows that in the past one or two months, in Binjiangdong, Houtian Hebei and other sectors, wedding tenants have basically chosen to buy houses with mortgages.
Interest rates have been cut several times during the year, and the current benchmark interest rate for commercial loans is the lowest in more than 20 years. According to statistics from Hefu Real Estate, about 62% of mortgage home purchases in the first 11 months chose commercial loans. In the same period of 2014, commercial loans accounted for only 45% of mortgage home purchases.