On May 17, China's property market ushered in a blockbuster policy, which can be called the most relaxed down payment policy in history. The minimum down payment for a first home has dropped sharply to 15%, and for a second home to 25%, far below the previous national standard of 20%. This sharp weapon of policy is aimed at cutting the countless shackles that bind young people to buy houses!
Authoritative experts say bluntly: this will make the "monthly payment" of young people in the future no longer "unpayable". Mr. Li Yujia said that this move will significantly reduce the monthly payment of home buyers. Coupled with the fall in housing prices, many people will move from "unpayable" to "affordable", and monthly payments will no longer significantly affect daily consumption. For young people and new citizens, this is undoubtedly a shot in the arm and has a great motivational effect!
Previously, the last time the country lowered the down payment ratio was in February 2016. This adjustment is a blockbuster, and its policy level far exceeds that of other measures. In addition to reducing the down payment ratio, the central bank has also significantly relaxed home loans: lowering the interest rate on personal provident fund loans, and removing the lower limit on the interest rate of commercial loans for first and second homes at the national level.
This policy "combination fist" is like a spring breeze, bringing timely rain and dew to the cold property market. Ms. Ma Hong explained that the regulator has taken action again after many years, releasing a strong signal - the preferential policies for house purchase have been increased, and the threshold for house purchase has been lowered to better meet the rigid needs and improvement needs.
In fact, the industry has long expected it. Since last year, the home buyers are mainly people who just need it, and second-hand houses are the most popular. Therefore, the new policy is expected to kill three birds with one stone: promote the circulation of new and second-hand houses, remove inventory and listed objects, activate transaction sentiment, stabilize the price system, and make the real estate market stable and far-reaching.
After years of real estate regulation, it is now a critical period for China's property market. As experts say, this blockbuster is just around the corner, igniting a boom in young people's home purchases! It is reasonable to expect that the real estate market will set off a widespread housing boom in the coming period.