Cancel the purchase restriction! Subsidy 1 10,000! There are more than 37 million coupons! There is big news in the property market.

Many places have ushered in the adjustment of the property market policy!

Late at night on May 1 Sunday, Wuxi released the property market adjustment policy.

Wuxi, as an important city in the Yangtze River Delta, has an annual GDP of 202 1 0.4 trillion, a population of more than 7 million, and its per capita GDP ranks among the best in China.

At the same time, many cities in Guangdong Province are also taking action. Zhongshan, Jiangmen and Huizhou are taking action: relaxing the purchase restriction of foreign talents, canceling the purchase restriction in Linshen District, buying new houses and issuing 37 million yuan coupons. ...

In some cities, the down payment ratio of the first suite was reduced to 20%, and even the first-time buyers were given a subsidy of 1000. What signals have been released by the intensive adjustment of the property market policy?

Adjust the property market policy in many places

Wuxi property market new policy: the exemption period of individual housing transfer value-added tax is adjusted from 5 years to 2 years.

On May 1, Wuxi Housing and Urban-Rural Development Bureau issued the Notice on Adjusting the VAT Exemption Period for Individual Housing Transfer.

In order to maintain the stable and healthy development of the real estate market, after research, the exemption period of value-added tax for individual housing transfer in Wuxi is implemented according to national regulations, and it is adjusted from 5 years to 2 years. This notice shall be implemented as of the date of promulgation.

Wuxi tax hotline staff said that the current policy details have not yet been issued, and the specific content is subject to the contents of the officially released documents.

Previously, Wuxi released a message on August 30, 2020, saying that individual housing in Wuxi urban area (excluding key areas of shantytown renovation) was transferred for two years and less than five years, and VAT was required.

Some analysts said that this policy is conducive to reducing the transaction cost of second-hand housing, but also conducive to releasing the demand for improved replacement and enhancing the activity of the second-hand housing market.

According to the latest changes in the sales price of commercial housing in 70 large and medium-sized cities in March 2022 released by the National Bureau of Statistics, the price of new houses in Wuxi increased by 0.2% month-on-month and 4.4% year-on-year. The price of second-hand houses rose by 0.5% month-on-month and 2. 1% year-on-year. Since the beginning of this year, the price of new houses in Wuxi has been rising for three months.

Although the price continues to rise slightly, the performance of Wuxi property market in the first quarter is still not optimistic.

According to data from Ke Rui, the supply of commercial housing in Wuxi property market in the first quarter of this year was 634,300 square meters, down 52.35% from the previous month and 58.47% from the same period last year. The transaction volume was 725,600 square meters, down 26.74% from the previous month and down 49. 15% year-on-year.

In addition, the inventory cycle of commercial housing in Wuxi has reached 1 1 month, which is higher than the healthy level. From June to March, 2022, the transaction volume of second-hand houses in Wuxi urban area was 663,500 square meters, down by 4 1.75% year-on-year, of which the transaction volume of second-hand houses was 6 1.75 million square meters, down by 43.74% year-on-year. From June 5438 to March, the transaction volume of commercial housing in Wuxi was 890,300 square meters, down 469 1% year-on-year, of which 723,300 square meters were residential, down 49.25% year-on-year.

Meizhou reduces the down payment ratio of second-home provident fund loans

According to the website of the People's Government of Meizhou City, Guangdong Province in May 1 day, seven departments, including Meizhou Housing and Urban-Rural Development Bureau, issued a notice on several measures to promote the stable and healthy development of the city's real estate market.

Screenshot source: Meizhou Municipal Government website

The "Measures" propose that financial institutions should implement "the down payment ratio of commercial personal housing loans for households to purchase ordinary housing for the first time is not less than 25%; For households that own 1 apartment and the corresponding housing loans are not settled, the down payment ratio for re-applying for commercial personal housing loans to improve their living conditions shall not be less than 30%. Reduce the down payment ratio of the second-home provident fund loan from the current 30% to 20%.

Lianyungang, Jiangsu: The down payment ratio of the first suite is adjusted to 20%

On May 2, according to the notice issued by Lianyungang Housing and Urban-Rural Development Bureau, the down payment ratio of the first suite was 20%, which guided commercial banks to gradually reduce the mortgage interest rate and shorten the loan approval cycle.

Expand the coverage of Grade A credit evaluation of urban real estate development enterprises, and adjust the proportion of Grade A enterprises from 10% to 20%, so that more real estate development enterprises can obtain preferential policies in terms of pre-sale progress conditions and the use of pre-sale funds.

Guiyang: Guide the implementation of 20% down payment for the first suite

Cancel the "recognition of housing and loan"

On the evening of April 28th, the people's governments of official website and Guiyang issued the Notice of the General Office of the Municipal People's Government on Promoting the Healthy Development of the Real Estate Industry (hereinafter referred to as the Notice), and issued five new regulations 17, namely, "continuously optimize and improve the business environment in the real estate sector, strengthen measures to benefit the people, and better meet the people's reasonable housing needs.

The notice is divided into five parts: reducing the development cost of enterprises, meeting reasonable credit demand, improving the liquidity of commercial housing stock, improving the housing supply system and improving the level of government services.

Among them, it is emphasized to lower the threshold of personal housing consumption. Encourage and guide financial institutions to implement the 20% down payment policy for the first home loan.

Support and guide financial institutions to implement the first home loan policy for families who own a set of housing and have settled their housing loans and apply for loans to buy ordinary housing again to improve their living conditions.

At the same time, guide financial institutions to implement relevant credit policies, appropriately increase support for working capital loans and mergers and acquisitions for high-quality real estate enterprises on the basis of controllable risks, and meet the reasonable financing needs of construction enterprises; Guide commercial banks and financial institutions not to stop or withdraw loans at will, and support projects under construction to the maximum extent as scheduled.

"Notice" also introduced relevant measures to revitalize the non-residential stock. For non-residential commercial housing projects that have been sold but not yet built, under the premise of improving the supporting facilities for public construction, it is allowed to apply for adjusting the nature for the development and construction of residential or emerging industries, pension industries, cultural and educational industries, sports industries and other purposes according to procedures to promote non-residential destocking; For the adjusted houses, in principle, it is used for the construction of resettlement houses and affordable rental houses.

The notice also pointed out that the document will be tried out for 1 year from the date of issuance.

Statistics from the National Bureau of Statistics show that in March this year, the price of new commercial housing in Guiyang increased by 0.2% month-on-month, while the price of second-hand housing decreased by 0.9% month-on-month, ranking second among 70 large and medium-sized cities, second only to Mudanjiang.

Zhongshan relaxes the purchase restriction of foreign talents

On April 28th, Zhongshan Municipal Bureau of Human Resources and Social Security issued the Notice on Further Optimizing the Safeguard Measures for Talents' Living in Our City. It is proposed to allow non-Zhongshan registered talents with college degree or above, professional and technical qualifications, vocational qualifications or vocational skill level certificates to purchase new commercial housing 1 set within the city, and they shall not be listed and traded within 2 years from the date of online signing.

Yan Yuejin believes that Zhongshan's relaxation of the purchase restriction policy for people above college level shows that the housing sales market in major cities is weak at present. By relaxing the purchase restriction policy, it will help to expand the number and number of people buying houses. The provision of "canceling the purchase restriction and implementing the sales restriction" in Zhongshan is also a common practice in some places in the past, which not only provides more purchasing power for housing enterprises to go to inventory, but also prevents the phenomenon of real estate speculation in the short term.

"It is the general trend to relax the purchase restriction in subsequent places, which will help promote the destocking of the real estate market. Of course, similar relaxation is not unconstrained relaxation. By setting a certain number of years to limit sales, it will also help to promote the return of housing transactions to self-occupation demand, rather than investment speculation demand. Therefore, the model of Zhongshan is worth learning in some cities across the country. " Yan Yuejin said.

Huizhou: Cancel the purchase restriction in Huiyang District, Daya Bay District

On April 30th, according to the report from the Southern Canada client, Huizhou Housing and Construction Bureau and other six departments jointly issued the Notice on Promoting the Healthy Development of the Real Estate Industry, which put forward requirements from six aspects: meeting the reasonable demand of housing credit, optimizing the supervision of pre-sale funds, optimizing land transfer, increasing the support of provident fund for buying houses, improving housing sales policies, and improving the convenience and quality of life of residents.

Among them, in improving the housing sales policy, it is proposed to "meet the reasonable housing demand within Huiyang District and Daya Bay Economic and Technological Development Zone, and will no longer be included in the key areas of purchase restriction".

This means that the purchase restriction in Huizhou has been relaxed, and the purchase restriction in Huiyang District and Daya Bay District near Shenzhen has been cancelled.

Zhuzhou's first house purchase subsidy was 654.38 million yuan.

On April 29th, the office of Zhuzhou Municipal Government issued a notice on "Several Measures for Promoting the Healthy Development of Real Estate Industry", proposing concrete measures from 19 aspects, such as protecting the legitimate rights and interests of buyers, implementing housing subsidies, supporting college graduates to settle down, reducing the personal housing consumption burden, and adjusting and optimizing the housing provident fund loan policy.

Among them, in the implementation of housing subsidies, it is proposed to buy new houses (including residential and non-residential houses) and second-hand houses in urban areas, sign contracts online and pay deed tax, and the finance will subsidize the buyers according to 50% of the deed tax paid.

In terms of supporting college graduates to settle down, talents who have signed labor contracts for more than 2 years can get subsidies for buying new houses in urban areas for the first time after they settle down; One-time subsidies of 50,000 yuan, 30,000 yuan and 20,000 yuan will be given to doctors, masters and senior technicians, undergraduate and specialist technicians respectively.

In terms of supporting the rigid housing demand, it is proposed that the government will give 10000 yuan housing subsidy to those who purchase new and second-hand houses for the first time in urban areas, sign contracts online, pay deed tax and settle in Zhuzhou, so as to meet the rigid housing demand of first-time buyers.

Jiangmen buys a new house and issues coupons.

On April 27th, Jiangmen Housing and Construction Bureau and Commerce Bureau jointly hosted the press conference of "2022 Jiangmen Summer Consumption Promotion Activity". At the meeting, it was announced that from April 28th, coupons with a total value of 37 million yuan would be distributed to the first few buyers who bought new commercial housing in Jiangmen and went through the signing procedures. This activity lasts for two months.

In terms of specific concessions, from 0: 00 on April 28, 2022, new commercial housing 100 square meters or more (including 100 square meters) and the first batch of 5,000 sets (sorted by contract finalization time, the same below) will be issued with 5,000 yuan coupons each, with a total value of 25 million yuan;

From 0: 00 on April 28th, 2022, the first batch of 4,000 newly-built commercial houses with an online contracted area of less than 100 square meters (excluding 100 square meters) will be issued with coupons of 3,000 yuan each, with a total value of120,000 yuan.

According to the corresponding face value, relevant coupons can be consumed offline in various physical stores within the administrative area of Jiangmen City, and the industries involved mainly include building materials, furniture, home improvement, household appliances, home improvement, home textiles, household items, hotels, homestays, scenic spots, catering and other industries. Vouchers are valid until June 3, 20221day, and unused vouchers will be automatically recovered by the system after the expiration of the validity period.

Hunan Yueyang takes many measures to stabilize the property market: deed tax concessions, housing subsidies.

On may 1 day, the office of Yueyang municipal people's government of Hunan province issued a notice on "several measures for further promoting the stable and healthy development of Yueyang urban real estate market (for trial implementation)", in which it was mentioned that those who buy newly-built commercial houses and second-hand houses (including residential and non-residential houses) in urban areas should sign an online contract for the sale of commercial houses and pay the transaction deed tax in full within 1 month, and the urban financial department that collects the deed tax will press 50.

In addition, for those who buy the first set of newly-built commercial housing and second-hand housing in the urban area, sign the contract online and complete the deed tax payment, they will be given a housing subsidy of 6.5438+0 million yuan respectively. The notice is valid for one year, and the deadline for subsidy application is April 30, 2023.

What are the signals of mortgage down payment ratio and interest rate cut?

According to the 265438+20th Century Business Herald, recently, a number of banks have issued mortgage deferred repayment policies for residents seriously affected by the epidemic.

From the perspective of risk management, will this move affect the asset quality of mortgage loans? Will the central bank provide further policy guidance for mortgage extension in the future?

Zou Lan, Director of the Financial Market Department of the Central Bank, said at the press conference of financial statistics in the first quarter of 2022 on April 14 that from the practice of large banks at that time, the loan quality remained stable after the implementation of the deferred repayment policy.

In the next step, the central bank will continue to pay attention to the epidemic situation and guide banks to focus on several aspects: implementing the deferred repayment policy; Take more effective and targeted measures according to local conditions; Implement the protection of credit information rights and interests, and smooth the channels of complaints and rights protection.

For some cities to reduce the down payment ratio and the lower interest rate limit, Zou Lan said that this is a differentiated and market-oriented adjustment made by the city government and banks according to market conditions and their own business strategies, which has adapted to the regional differences in the real estate market. The central bank will continue to adhere to the positioning of "houses are used for living, not for speculation", focusing on stabilizing land prices, stabilizing housing prices and stabilizing expectations. Due to the city's policy, it will cooperate with local governments to fulfill their territorial responsibilities and better meet the reasonable housing needs of buyers.

Implement the policy of deferred repayment of mortgage loans and protect the rights and interests of credit reporting.

Since the outbreak of new crown pneumonia, the income of some residents has been affected for a short time, so it is necessary to postpone the monthly payment and reschedule the repayment plan. From the perspective of post-loan risk management, banks also need targeted arrangements for such special situations. Therefore, in June 5438+ 10, 2020, the central bank and other five departments jointly issued a notice, clarifying that financial institutions should flexibly adjust the repayment arrangements of personal credit such as housing mortgage and credit card for the four categories of people affected by the epidemic, and reasonably postpone the repayment period, and do not make overdue records for those who fail to repay in time due to the epidemic.

Since the beginning of this year, domestic epidemics have occurred frequently, and all sectors of society have paid more attention to deferred repayment. The central bank actively guided major banks to respond to the concerns of the masses in a timely manner, and publicized and interpreted existing policies and business arrangements such as delaying repayment time, adjusting repayment plans, and opening a green channel for credit information objection. Will the central bank provide further policy guidance in the future?

Zou Lan said that in the next step, the central bank will continue to pay attention to the epidemic situation and guide banks to focus on several aspects: First, strengthen the customer-centric concept. For customers who have difficulties in normal repayment, it is necessary to distinguish between repayment ability and repayment willingness. It is necessary to distinguish between short-term repayment ability and medium-and long-term repayment ability affected by the epidemic and implement a deferred repayment policy; Second, strengthen policy propaganda, appropriately simplify business processes, focus on key customer groups, and take more vigorous and targeted measures according to local conditions; Third, in view of the characteristics of long retail business chain and diversified customer base, we will intensify business training at all levels, improve the customer service system, implement the protection of credit information rights and interests, smooth the channels for complaints and rights protection, and continuously improve the quality of service.

The data shows that the balance of commercial personal housing loans in China is 38.8 trillion yuan, and the balance of provident fund loans is about 7 trillion yuan, totaling more than 46 trillion yuan, and the corresponding loans are about 654.38 billion yuan. The overall loan quality is good, and the non-performing rate has remained at around 0.3% for a long time. In other words, out of every 1 000 loans, about 3 loans are temporarily in abnormal repayment state.

"Different from ordinary corporate loans, individual housing loans have a very long term and mainly rely on the monthly income of the borrower to repay the interest and principal in equal amounts every month. Banks mainly issue loans according to customers' income, focusing on supporting the demand for home purchase and self-occupation within the family's ability. " Zou Lan believes that historically, the quality of individual housing loans in China is closely related to employment and income, but it is less affected by fluctuations in housing prices, which is quite different from the situation in some countries.

He further said that from the practice of big banks at that time, in the early stage of the epidemic (2020), the non-performing rate of personal housing loans once rose from 0.29% to 0.37%; After the implementation of the deferred repayment policy, the overall loan quality remained stable; With the relief of the epidemic, residents' income recovered, and the repayment of loans quickly returned to normal. By the end of 2020, the NPL ratio has returned to the original level of 0.29%.

Zou Lan added: "In addition, we have also noticed that due to the epidemic and other factors, some sold residential projects have been postponed and the delivery of houses has been postponed. The central bank will also work with relevant departments to guide comprehensive bank projects and borrowers' wishes in accordance with the principles of marketization and rule of law, properly negotiate and handle them according to laws and regulations, and earnestly safeguard the legitimate rights and interests of buyers. "

The downward adjustment of mortgage interest rate is a differentiated and market-oriented adjustment made by banks.

Affected by the recent epidemic, the decline in the income of some residents, and the obstruction of real estate construction marketing activities, the sales of commercial housing have declined, and the amount of personal housing loans has also declined slightly.

Zou Lan introduced that real estate loans are mainly composed of personal housing loans and real estate development loans. Personal housing loans are directly related to real estate transactions. From a long-term observation, the proportion of personal housing loans for new houses to the sales of new commercial houses has been fluctuating between 38% and 42%.

With the increasing balance of individual housing loans, the monthly repayment amount is also increasing gradually.

At the end of March, the balance of individual housing loans nationwide was 38.8 trillion yuan, up 8.9% year-on-year. Although we have observed that the ratio of new housing loans to new housing sales is still at a historical high, the year-on-year growth rate of the balance has dropped by 2.3 percentage points compared with the end of last year.

Zou Lan said that from the perspective of real estate development loans, the central bank actively guides commercial banks to pay more attention to the repayment ability of construction projects, maintain the stability of development loans, and meet the reasonable financing needs of real estate construction projects.

Compared with the fourth quarter of last year, the national real estate development loans in the first quarter of this year increased by about 654.38+050 billion yuan per month. Compared with the scale of new houses under construction in the same period, the balance of development loans is also at a high level.

It is worth mentioning that several cities have recently reduced the down payment ratio and mortgage interest rate.

In this regard, Zou Lan said, "The reduction in mortgage interest rates mainly occurred at the bank level. Since March, due to the weakening market demand, banks in more than 0/00 cities across the country have independently lowered their mortgage interest rates according to market changes and their own business conditions, with an average range of 20 to 60 basis points. "

In addition, some provincial market interest rate pricing self-discipline mechanisms also meet the regulatory requirements of local governments. According to the actual situation of each city, the lower limit of down payment ratio and interest rate are lowered within the scope of national policies. This is the differentiation and marketization adjustment made by the city government and banks according to the market situation and their own business strategies, which adapts to the characteristics of regional differences in the real estate market.

It is understood that the China real estate market has obvious regional characteristics. The determination of individual housing loan interest rate and down payment ratio follows the principle of city-specific policy, and adopts three-level pricing mechanism of state, city and bank.

Zou Lan explained that taking the lower limit of interest rate as an example, the interest rate of the first home loan at the national level should not be lower than the LPR in the same period, and the interest rate of the second home loan should not be lower than the LPR plus 60 basis points in the same period, which is the lower limit policy that should be observed by the whole country; The provincial branches of the central bank guide the self-discipline mechanism of interest rate pricing in the provincial market in accordance with the principle of making policy according to the city, and determine the lower limit of loan interest rate in cities within their jurisdiction on the basis of the lower limit of national policy, that is, the lower limit to be observed within the city.

In practice, most cities directly adopt the national lower limit without additional requirements; Banks define the pricing rules of interest rates according to their own operating conditions, customer risk conditions and credit conditions, and reasonably determine the specific value of each loan on the basis of the lower limit of interest rate policies in cities, which is a completely market-oriented business decision.

Source: 265438+20th Century Business Herald: (Reporter Bian Wan Li), Nanfang+Client, Meizhou Municipal People's Government, Guiyang Municipal People's Government, Zhongshan Human Resources and Social Security Bureau, Jiangmen Housing and Urban-Rural Development Department, Zhuzhou Municipal People's Government website, etc.