□Experts from Xinhua News Agency said that it will be difficult for the property market to change the situation of both volume and price falling in the short term.
□I, Meng Jia, intern, Guo Qinqin, reported
Jinan, our newspaper, reported on March 25 that after the two sessions of the country, the voice of real estate "loosening" was everywhere. Recently, Fujian introduced a new housing loan policy that allows first-time home buyers to apply for provident fund loans to increase the maximum mortgage ratio from 70 to 80, sparking heated discussions. Previously, our province also issued policies requiring the implementation of provident fund off-site loans within the province by the end of 2015.
After the policy released positive signals, I visited major banks in the provincial capital and found that compared with the situation last year when personal housing mortgage loan quotas were tightened, approvals were slowed down, and interest rates were raised, most banks currently offer personal housing mortgage loans. The policy is showing signs of loosening.
My investigation found that the four major state-owned banks have canceled the interest rate increase policy for many first-time home buyers. First-time home loans are subject to benchmark interest rates, but there is no discount for the time being. At this time last year, all four major state-owned banks’ first-time home interest rates had risen by 5%. "Although the policy for first-time home loans has been relaxed, the Banking Regulatory Commission's regulations are still followed for second-home loan homes, with an increase of at least 10%." A staff member of China Construction Bank said.
In addition to state-owned banks, joint-stock banks generally have a loose tone, and many claim that first-home loan interest rates can be discounted. Minsheng, Communications, Huaxia, China Merchants and other banks all said that mortgage loans can be discounted at a minimum of 95% off the benchmark interest rate. However, there are still differences in discount conditions. For example, Minsheng Bank has a higher discount threshold. Customers need to purchase a property from a cooperative developer and have a deposit of more than 100,000 yuan in the bank.
Similar to joint-stock banks, city commercial banks also have certain discounts. City commercial banks such as Qilu Bank have a 50% discount. Tianjin Bank staff claimed that it is one of the few city commercial banks that does not offer loan discounts for first-time home buyers.
Most banks are offering interest rate discounts again, reducing the cost of personal mortgage loans. Based on the calculation of purchasing a house in Jinan with a total price of 900,000 yuan and a down payment of 300,000 yuan, using the equal repayment method of principal and interest, a 20-year commercial loan of 600,000 yuan is calculated based on the benchmark interest rate. I need to repay 4,264 yuan every month and pay the total interest. The amount was nearly 423,400 yuan. If you take advantage of the 50% discount, you will need to repay 4,164 yuan per month, with a total interest payment of 399,500 yuan. With the discount, you can pay 100 yuan less per month, and the total interest payment is about 24,000 yuan less.
In line with the slight drop in bank loan interest rates, real estate transaction volume has also picked up this month. Data released by Jinan Residential and Real Estate Information Network shows that since March, 8,340 commercial housing units have been signed online in Jinan City. In February, Jinan City only signed 6,056 units online.
This year, the government work report deleted the reference to "suppressing speculative investment demand" for real estate and instead "supported residents' demand for self-occupied and improved housing." Many voices in the market believe that this is a "real estate" "Relax" signal. However, the person in charge of the Jinan region of a well-known real estate company in the country said that the slight increase in transaction volume this month may not necessarily be a real recovery. To truly activate the market, demand for improved housing needs to be released, and the down payment ratio for first and second homes needs to be reduced.
A report from the Jinan Housing Provident Fund Management Center shows that among the housing purchased by Jinan employees with provident fund loans last year, 24.91 square meters were below 90 (inclusive) square meters, 56.45 square meters were between 90 and 144 square meters (inclusive), and 144 square meters were purchased. Meters and above accounted for 18.64; new houses accounted for 75.45, and second-hand houses accounted for 24.55. Judging from the housing purchased by citizens’ provident fund loans, the proportion of improvement demand is gradually expanding.
Li Tiegang, director of the Real Estate Research Center of Shandong University, believes that in the current property market, a buyer's market has taken shape, and price reductions and discount promotions are still the main means for developers to destock. It is difficult to fundamentally reverse the decline in volume and price in the property market in the short term. falling situation.