Rigid and improved demand welcomes favorable housing finance and tax policies.
/kloc-at the end of 0/0, Mr. Liu, who lives in Qingyang District, Chengdu, began to implement the house exchange plan and listed in the intermediary agency at a market price.
Mr. Liu told reporters that his housing area in Qingyang District is small and he wants to sell a house in Jinjiang District and change it to a slightly larger house in Qingyang District. However, because it is two sets of sales, it needs to pay tens of thousands of personal income tax, and it has not been determined to replace it.
What made him determined to change was the personal income tax policy recently issued by the Ministry of Finance and State Taxation Administration of The People's Republic of China to support residents to buy houses. This policy is expected to save Mr. Liu nearly 20,000 yuan in personal income tax.
The introduction of this new policy can save 30,000 to 50,000 yuan in taxes and fees for most cities, while some houses in Beijing and other cities can save more taxes and fees. The transaction housing situation is different, and the tax collection situation is different.
Chen Wenjing, director of market research at the Index Department of the Central Reference Institute, said that housing finance and tax policies are directly related to the immediate interests of buyers. The reduction of housing loan interest rate and tax relief will help to release rigid and improved housing demand, activate the demand side of the real estate market and stabilize market expectations.
In May this year, the People's Bank of China and the China Banking Regulatory Commission issued relevant notices to adjust the differentiated housing credit policy. For households who purchase ordinary self-occupied housing by loans, the lower limit of the interest rate of the first commercial personal housing loan is adjusted to not less than the quoted interest rate of the loan market minus 20 basis points in the same period.
According to the Monetary Policy Implementation Report of China in the Third Quarter of 2022 issued by the People's Bank of China, from the real interest rate of commercial personal housing loans, the interest rate of new personal housing loans in June 2022 was 4.3%, down 4 basis points from the previous month and down 133 basis points from the end of last year.
The effect of "combination boxing" of housing fiscal and taxation policy has begun to show.
According to the statistics of the Central Reference Institute, at present, more than 20 cities such as Tianjin and Wuhan have lowered the lower limit of the interest rate of the first set of housing commercial loans to below 4%. At the same time, the interest rate of the first set of housing provident fund loans was lowered by 0. 15 percentage points, and the interest rate over five years has been lowered to 3. 1%.
According to industry insiders, the interest rate of the first home loan in many cities reached 6% in the first half of last year, and now it has dropped by about 2 percentage points. The mortgage interest rate is at a historically low level, and the cost of buying a house has dropped.
According to estimates, the first-time house buyer applied for a commercial loan of 6.5438+0 million yuan, and the loan interest rate was reduced from 6% to 4% 1 month less 1.200 yuan, saving nearly 440,000 yuan in 30 years and reducing the burden on buyers.
According to the monitoring of the Ministry of Housing and Urban-Rural Development, since June 5438+ 10, the transaction volume of new commercial housing in several cities has obviously rebounded, and the transaction area of new houses in Beijing, Chongqing, Xiamen, Jinan, Chengdu, Wuxi and Shenyang has increased by more than 10% from the previous month. In some cities that were greatly affected by the epidemic in the early stage, after the epidemic was effectively controlled, the demand for buying houses was released in a centralized way, and the transaction volume increased by more than 50%.
RealData monitoring data shows that the transaction volume of second-hand houses in Shell 50 City in June 5438+ 10 was higher than that in September and the same period last year, and the transaction volume for the fourth consecutive month was higher than that in the same period last year. Among the 50 cities, the transaction volume of 33 cities including Tianjin, Chengdu, Dalian, Shijiazhuang, Qingdao and Xiamen increased from last month. The number of second-hand housing customers has also increased compared with last month. In June 6+ 10/0, the number of second-hand housing customers in Shell 50 City increased by about 10% month-on-month, reflecting the increase in demand-side activity.
Adhere to the principle of "housing without speculation", make full use of the policy toolbox because of the city's policy.
Experts said that the effects of various tax and financial inclusive policies are emerging. All localities should continue to stabilize the real estate market, adhere to the positioning that houses are used for living, not for speculation, make full use of the policy toolbox because of the city's policy, support the demand for rigid and improved housing, compact the responsibility of local governments, ensure the delivery of buildings, and stabilize people's livelihood.
Liu Hongyu, director of Tsinghua University Real Estate Research Institute, said that making policy arrangements at the national level, reducing the interest rate of the first home loan to a record low, giving local governments greater autonomy, and resuming the implementation of individual income tax concessions for residents' home purchases will help local governments to make policies according to the city, gradually restore market confidence, and help local governments stabilize land prices, housing prices and expectations.
At present, the foundation of the recovery of the real estate market is not stable, especially because of the spread of the epidemic, residents tend to be cautious about the decision to buy a house. Liu ling, a researcher at China Macroeconomic Research Institute, said that in the medium and long term, China's macroeconomic fundamentals have not changed, urbanization is still advancing, residents' demand for rigid and improved housing will continue to be released, and the development prospect of the real estate market is still relatively broad.