Banks "lend" to second-hand housing transactions in the Year of the Tiger Interest rates have loosened slightly in some areas

Source: China Securities News

A few days ago, a reporter from China Securities News visited dozens of banks and real estate intermediaries and other institutions in first-tier cities such as Beijing, Shanghai and Shenzhen to investigate the second-hand housing loan business. Overall, at present, the bank loan amount is relatively sufficient, the lending cycle is accelerating, and the interest rate of the first set of loans in some areas has been slightly "loosened", which has promoted the enthusiasm of buyers to see houses.

In this regard, experts remind that "housing is not speculation" is still the tone of the policy, and the second-hand mortgage market will gradually develop in a stable direction.

● Reporter Shi Shiyu, Huang Yiling, Qi Jinzhao

Interest rates have eased slightly in some regions

After the Spring Festival, the second-hand housing loan lending link of many banks in Beijing continued the rapid pace before the festival, "At present, the loan lending does not need to queue, it is expected that the loan amount in the whole first quarter will be relatively sufficient, and if the process is smooth, it can be released within a month." A staff member of the Xicheng District of China Merchants Bank revealed to the China Securities News reporter: "The transaction cycle of the portfolio loan is longer, and the provident fund loan is estimated to be about one and a half months." ”

The personal loan manager of a Shanghai branch of China Construction Bank said that the bank's current approval cycle is two to three weeks, and the loan is basically about one month, and the speed is not much different from January. "The main reason why mortgage lending has maintained a relatively fast rate is that the bank has sufficient quotas." The loan manager said.

In terms of interest rates, the interest rate of the first home loan is generally stable, the interest rate of banks in Beijing and Shanghai has not changed significantly compared with before, and the Shenzhen area has a slight decline.

A loan manager of ICBC Beijing Branch told China Securities News: "At present, the interest rate is stable, the floating interest rate is adjusted with the LPR interest rate announced every month, the bank's plus point has not changed, the current first set of commercial loan interest rates is 5.15%, the second set of 5.65%. ”

"The interest rate on the first home loan is 4.9%, and the second mortgage is 5.2%. The loan amount is relatively abundant, and the lending efficiency is relatively high. A personal loan manager of the Shenzhen branch of the Bank of China said that the current mortgage interest rate is based on the latest LPR interest rate, which has increased by 30 basis points and 60 basis points respectively, "At present, several banks with larger mortgage business in Shenzhen are basically this standard."

Mortgage rates in Shenzhen have eased slightly in recent months compared to before the end of 2021. A survey of several large state-owned banks in Shenzhen and a number of banks such as Ping An Bank, China Merchants Bank, and Guangfa Bank found that the mortgage interest rates of the first and second suites in Shenzhen were 5.1% and 5.6% respectively.

Buyers are enthusiastically picked up

"This weekend has been about 5 customers, is more, now the owners are basically back to Beijing, it is very convenient to see the house, it is estimated that the number of people to see the house will also increase." A real estate agent in charge of The Haidian District of Beijing said so.

In addition, in an offline store of a real estate agency in Beijing's Xicheng District, Ms. Chai, a buyer, told the China Securities News reporter that the prices of several school district houses in Xicheng District that she valued had recently risen, and some even increased by nearly 300,000 yuan compared with before the Spring Festival.

In this regard, the real estate manager of the intermediary company explained to the China Securities News reporter that the change in house price is an individual phenomenon, and the homeowner will adjust the house price according to his own needs and judgment of the market, but the intermediary will also give the assessment price based on the market situation for the reference of buyers and sellers. Overall, the current house price is generally stable, there is no substantial rise and fall, and there may be fine-tuning in individual areas.

Since the beginning of this year, the second-hand housing market in Shanghai has maintained a heating trend.

"Usually take 2-3 groups on weekdays and 7-8 groups on weekends. Before the Spring Festival, because many owners want to finalize the house, the frequency of taking a look is higher. After the Spring Festival, construction has just started, the number is average, and it is expected that the number of customers who will see houses on weekends will increase," said Wang Ming (pseudonym), an intermediary in Shanghai's Huangpu District.

A real estate agent in Futian, Shenzhen, said: "Due to the epidemic restrictions and fewer new projects, there are not many people who are currently on-site to see houses. However, with the reduction of loan interest rates, there are more online consulting customers after the holidays. "In recent months, the number of new projects in Shenzhen has been small, the transaction volume of second-hand houses is not very large, and many customers are still in a wait-and-see state. Compared with the "benefits" brought about by the reduction of loan interest rates, many people pay more attention to the confidence brought by the interest rate cut to the market.

The principle of prudent mortgages has not changed

For this round of a small recovery in the second-hand housing market in several first-tier cities, Zhang Dawei, chief analyst of Zhongyuan Real Estate, analyzed that the core reasons are mainly several: First, the demand for housing in first-tier city school districts has risen significantly, including Shenzhen, Shanghai, Guangzhou, Beijing, the performance of school district housing since the end of last year is more obvious, and some people who study abroad have returned, which has increased market demand; second, Shanghai, Shenzhen and other cities' Hit the new wave' surge, a small number of new residential supply is scarce, some investors enter the market to compete for just need customer housing, the demand for second-hand housing increased; third, the credit increment is higher, some urban enterprise loans and personal mortgage loans are relatively loose, driving the demand of first-tier cities; fourth, the market rebound, Shanghai, Guangzhou, Beijing and other regions are in the market rebound stage.

Industry insiders stressed that it is difficult to change the policy direction after the Spring Festival holiday, and on the whole, housing loans are gradually developing in a stable direction. For home buyers, "housing is not speculation" is still the policy direction, the principle of prudent mortgage remains unchanged, and the regulation of loans is mainly to meet reasonable housing needs. However, the property market in some cities, especially first- and second-tier cities, has gradually bottomed out, or will take the lead in stepping out of the trend of stabilization and upwards.