A few days ago, news came out of two more cities adjusting their housing provident fund policies.

On April 24, the Tianjin Municipal Housing Provident Fund Management Center website issued an announcement for public comment on the "Notice on Adjusting Housing Provident Fund Relevant Policies (Draft for Comment)", which intends to stipulate that the city's paying employees For those who apply for a personal housing provident fund loan to purchase a family's first home, the maximum loan limit is 800,000 yuan (previously 600,000 yuan); on April 25, the Huai'an Municipal Housing Provident Fund Management Center website released the "Announcement on Adjusting the Maximum Amount of Housing Provident Fund Loans" It shows that according to the dynamic adjustment mechanism, starting from May 5, the maximum first-time loan amount for the housing provident fund deposited by one party and two parties will be 440,000 yuan and 660,000 yuan respectively (previously it was 400,000 yuan and 600,000 yuan respectively).

It is worth noting that according to incomplete statistics from reporters, as of April 26, 23 cities including Tianjin, Wuxi, Lanzhou, and Huai'an have successively issued policies related to loosening housing provident funds. .

“Judging from the recently released provident fund-related policies, the targets include couples, single groups, talents, families with two children and three children, etc.” Yan Yuejin, Research Director of the Think Tank Center of E-House Research Institute, was accepting reporters During the interview, he said that overall, the loan quotas for various groups have been increased, which fully reflects the role of provident fund loans in supporting reasonable housing needs.

Many places have adjusted provident fund policies

Since April, many places have successively adjusted provident fund-related policies. The reporter's review found that various localities "implement city-specific policies" based on their own conditions. From the content point of view, there are mainly the following types of measures.

First, the provident fund loan limit is increased. For example, Suzhou proposed that from April 21, the local personal loan limit will be increased from 450,000 yuan to 600,000 yuan, and the household loan limit will be increased from 700,000 yuan to 900,000 yuan. Second, the time limit for re-applying for a loan has been cancelled. For example, Lanzhou has canceled the restriction that housing provident fund loans must be settled for one year before re-applying for a loan. Third, the construction period of houses purchased with provident fund loans has been relaxed. For example, Luzhou stipulates that people who apply for re-traded houses (second-hand houses) ) loan, the construction period of the house purchased by the employee family shall not exceed 20 years, the sum of the age of the house and the loan period shall not exceed 40 years, and the loan period shall not exceed the remaining land use rights of the purchased house; fourth, the purchase price is reduced The proportion of down payment for a house, for example, Kunming has increased the housing provident fund's support for reasonable housing needs such as first house and improved housing, and moderately reduced the proportion of down payment for the purchase of second house; fifth, the guaranteed loan amount has been increased, for example, Yancheng has extended the The guaranteed loan limit for all those who meet the loan conditions will be adjusted from 150,000 yuan to 200,000 yuan. If only one person meets the loan conditions, the guaranteed loan limit will be adjusted from 80,000 yuan to 100,000 yuan.

“The areas that have recently introduced relevant loosening policies are basically second-tier, third-tier, and fourth-tier cities.” Song Hongwei, research director of Tongce Research Institute, told reporters that the main reason is that the property market in these cities has been relatively sluggish in recent years.

Increase enthusiasm for buying a house?

So, how much benefit can the adjustment of housing provident fund policy bring to the market?

“Relative to the interest rate, the effect of increasing the provident fund loan limit is tangible and can objectively better enhance consumers’ enthusiasm for buying houses.” Yan Yuejin told reporters that from a practical perspective In terms of effects, for some potential consumers who have plans to buy a house within this year and plan to use provident fund loans, the pace of entering the market will accelerate in the near future.

“If you can use provident fund loans to buy a house, you will save a lot of money compared with commercial loans. Therefore, the provident fund policy can be regarded as a special preferential low-interest loan for house purchase, which is a house purchase bonus subsidy policy.” Song Hongwei further Therefore, after the provident fund policy is loosened, it will have a certain boosting effect on restoring the confidence and enthusiasm of home buyers.

Yan Yuejin said that objectively speaking, the current market confidence is weaker than expected, but as the good news increases, real estate companies will become active in acquiring land. With the release of various stimulus policies, market transactions Data will also improve, coupled with comprehensive support from provident funds and other fund supplies, which will help market participants increase their confidence in the follow-up.

Zhang Dawei, chief analyst of Centaline Real Estate, told reporters that although the difficulty in lending has been fully alleviated with the continued easing of credit policies, the overall popularity of the property market has been affected by the epidemic and the improvement of demand in hotspot cities. The credit policies are still strict. The rise is very slow. The market still expects more policies to stabilize growth, and it is also expected that more cities will accelerate the pace of policy adjustments.