The industry believes that the policy of "stabilizing the property market because of the city" is supported, and the policy of "stabilizing the property market" will be implemented more frequently, and the demand for buying houses is expected to be gradually released.
Improve market expectations
Insiders pointed out that supporting local governments to improve real estate policies according to local conditions means that the central government's support for local "policies for the city" is more clear. The policy of "stabilizing the property market" is expected to land more frequently in May. Xia Yifeng, chief analyst of BOC Securities' real estate industry, believes.
"The demand for reasonably improved home purchases is expected to be further supported, and the credit support is expected to be further increased, including relaxing the housing/loan recognition standard, reducing the down payment ratio of the second home, and lowering the mortgage interest rate of the second home. The specific implementation will be implemented by the local government's' policy for the city'. " He Miannan, chief analyst of the real estate industry of Everbright Securities, said.
"The expected improvement is of great significance to enhancing the confidence of the real estate market. Since March, sales in some areas of the company have been good. With the changes in policies such as credit, the demand in areas with strong economic strength is improving. " A management person from a listed real estate company said.
Implement the "policy for the city"
The data shows that since the beginning of this year, about 80 cities have carried out "policy by city".
After the meeting, Shangrao, Guangdong, Huizhou, Zhongshan, Meizhou, Lianyungang, Wuxi and other places have introduced relevant policies, involving provident fund, down payment ratio, housing subsidies, and supervision of pre-sale funds of commercial housing.
On May 1 day, seven departments, including the Housing and Urban-Rural Development Bureau of Meizhou City, Guangdong Province, issued the Notice on Several Measures to Promote the Stable and Healthy Development of the Real Estate Market in our City, proposing to reduce the down payment ratio of the second-home provident fund loan from the current 30% to 20%.
The Housing and Urban-Rural Development Bureau of Wuxi City and the Taxation Bureau of Wuxi City, State Taxation Administration of The People's Republic of China recently jointly issued the Notice on Adjusting the VAT Exemption Period for Individual Housing Transfer, clarifying that the VAT exemption period for individual housing transfer in Wuxi City shall be implemented in accordance with state regulations and adjusted from 5 years to 2 years.
On April 29th, the Notice on Promoting the Healthy and Stable Development of Lianyungang Real Estate Market was issued. In terms of commercial loans, the down payment ratio of the first suite is 20%, which guides commercial banks to gradually reduce the mortgage interest rate and shorten the loan approval cycle. In the supervision of pre-sale funds of commercial housing, on the basis of strictly implementing the supervision system of pre-sale funds of commercial housing, we will explore ways of guarantee and release a certain amount of funds for the construction and operation of real estate projects.
Xia Yifeng said that the follow-up can focus on whether strong and second-tier cities have relevant policies, which will have clearer guiding significance.
Encourage housing enterprises to "morale"
Since last year, the credit problems of housing enterprises have appeared constantly. Whether the supervision of pre-sale funds will be adjusted has become the focus of attention in the industry.
Feng Jun, president of China Real Estate Association, said recently that the new regulation on the supervision of pre-sale funds of commercial housing has made unified arrangements at the national level for the first time and determined the supervision mechanism, which can safeguard the legitimate rights and interests of buyers, standardize the behavior of developers, promote the stable and healthy development of the real estate market, and create conditions for the real estate market to explore new development models.
The the Political Bureau of the Communist Party of China (CPC) Central Committee meeting clearly proposed to optimize the supervision of pre-sale funds of commercial housing. Relevant content has effectively boosted market confidence. Brokers pointed out that there is still room for further upward breakthrough in the valuation of leading stocks in the real estate sector in the future.
CITIC Securities said that it is expected that the optimization and relaxation of the pre-sale fund supervision account will be an important part of alleviating the credit problem of housing enterprises and effectively maintaining the stable and healthy development of the real estate market.
Xia Yifeng believes that possible measures in the future include: allowing some housing enterprises to unfreeze some regulatory funds with bank guarantees. For housing enterprises with high credit rating, appropriately reduce the proportion of pre-sale funds retained; Further liberalize the supervision time of pre-sale funds.