The 15 measures announced by Baoji involve a number of real estate policies:
For example, due to the epidemic, enterprises have suffered heavy losses, and their normal production and business activities have been greatly affected. Enterprises that have difficulties in paying property tax and urban land use tax may apply to the local tax authorities for reduction or exemption according to procedures;
When a real estate development project applies for the Pre-sale Permit of Commercial Housing, the time limit for examination and approval will be shortened from the original 20 working days to 15 working days, and the validity period of the administrative license will be appropriately extended;
During the epidemic prevention and control period, when the real estate development projects in the urban area apply for pre-sale, the developer's investment in development and construction reaches more than 25% of the total investment in engineering construction, and can apply for the "Pre-sale Permit for Commercial Housing";
Before completing the first registration of real estate, the accumulated application amount shall not exceed 95% of the key recorded supervision funds;
When bidding, auctioning and hanging land for real estate projects, the bid bond ratio shall be adjusted to 20%, and the transferee shall be allowed to pay the land transfer price in installments within 1 year after signing the transfer contract, and the construction land planning permit, construction project planning permit and building construction permits can be handled in advance by the transaction confirmation;
However, among these measures, the most concerned is the down payment ratio: banks should actively strive to reduce the down payment ratio of the first set of housing loans, and increase the maximum amount of provident fund loans from 400,000 to 500,000.
Prior to this, it was also reported that Zheshang Bank lowered the threshold of mortgage down payment ratio from 30% to 20%; Huzhou Bank has also been rumored to start implementing the policy of reducing the down payment for the first suite to 20% and the second suite to 30%, but it was denied by the bank.
As we all know, reducing the down payment can stimulate the demand for home purchase. Yan Yuejin, research director of the think tank center of Yiju Research Institute, analyzed that this has significantly reduced the threshold for buying a house and the pressure on buying a house, which naturally can drive more buyers to actively enter the market.
"Baoji's policy has not clearly defined the specific requirements for reduction. It is expected that the subsequent banking supervision department will actively adjust it in light of the recent property market situation." Yan Yuejin said that from the general trend, the current capital situation of commercial banks is relatively good, which also provides better conditions for the issuance of various loans. Objectively speaking, commercial banks prefer real estate business in all kinds of loans, so once the money is loose, it will be beneficial to mortgage loans in the real estate market. "Under similar policies, it is expected that the subsequent housing consumption demand will be stimulated, and the transaction volume of the real estate market is also expected to stop falling and rebound."
As early as February 2 1 day, Zhumadian City, Henan Province issued "Opinions on Further Standardizing and Promoting the Stable and Healthy Development of the Real Estate Industry", and issued 17 policies to stabilize the property market, including reducing the down payment ratio of the provident fund to the first suite from 30% to 20%. But soon, Zhumadian was interviewed, because it was considered as the first real estate policy to save the market, which caused the interpretation and speculation of social media's "deregulation".
Zhang Dawei believes that at present, the most critical and core policy in the real estate market is still the mortgage policy, especially the down payment for the first suite and the identification standard for the second suite.
From another perspective, the frequent property market policies in various places are also aimed at decompressing enterprises. For real estate enterprises, the biggest problem is the financial pressure, especially the debt due. Once sales can't recover quickly, housing enterprises will face universal financial pressure by March. At present, at least a dozen cities such as Jinan, Xi 'an, Hangzhou, Shanghai, Tianjin, Wuxi, Nanchang and Nanjing have introduced new land policies to deal with the epidemic, and some cities have made it clear that land payments can be extended or paid in installments.
"Compared with February, most real estate enterprises were basically frozen under the influence of the epidemic. March will be the most crucial month for enterprises to gradually resume sales. It is expected that more and more cities will continue to issue real estate-related policies." Zhang Dawei said.
Recently, many departments have repeatedly reiterated that housing is not speculation. The report of the central bank also stated that, according to the basic principle of "making policy according to the city", we should adhere to the position that houses are used for living, not for speculation, implement the long-term management mechanism of real estate, and do not use real estate as a short-term means to stimulate the economy.