Reduced down payment, lower interest rate, 300 billion guaranteed loans: three measures at the same time, do you want to buy a house?

Chengdu property market observer

2024-05-19 07:00Posted in Sichuan real estate creators

Yesterday, there were several policies related to the property market, which are as follows:

1. Lower the down payment ratio of the first set of commercial housing loans by no less than 15%, and the second set of housing loans by no less than 25%.

2. Abolish the lower limit of the policy of personal housing loan interest rates for the first and second houses in the country.

3. Reduce the interest rate of personal housing provident fund loans by 0.25 percentage points.

Three Measures to Rescue the City

In fact, not only these three points, but also related to the property market, strictly speaking, there is another point:

The central bank has set up a 300 billion yuan affordable housing reloan with an interest rate of 1.75% for one year and can be extended four times.

These policies, which are closely related to the property market, were released within one day, which is indeed unique in the history of property market regulation. And some policies are so strong that they are unique in the history of property market regulation.

For example, this down payment can be as low as 15%, which is indeed a refresh of the history of the down payment ratio in the property market. And this interest rate is also, and the interest rate in 08 is probably not lower than this.

300 billion guaranteed housing refinancing

People who buy houses are excited or not, I don't know; But the intermediary's circle of friends is indeed in an uproar.

Basically, they are all saying, I hope everyone is sober in the world, don't be leeks, spend less money, buy better houses, and follow the national team, it won't be wrong.

This so-called national team is actually the 300 billion affordable housing refinancing thing. Generally speaking, it means that the state wants to acquire a certain proportion of commercial housing for sale, and everyone jokingly calls the national buying team.

To be honest, the several bailout policies this time are indeed different from the past. At least it's no longer the previous squeezing toothpaste-style little by little put, this time it's more thorough. Not only thoroughly, but also tangibly. Not only reducing the down payment or loan interest rate, but also closely related to the vital interests of home buyers.

The intermediary's circle of friends

There is also a more interesting figure, saying that an institution's prediction of the future property market before 5.16, and then after the 5.17 policy, their prediction has changed dramatically.

Shaking

Getting back to the point, down payment, interest rate reduction, and 300 billion guaranteed loans: three measures at the same time, do you want to buy a house?

A very witty friend said that he gave the biggest discount except for the house price reduction, and returned the greatest support in addition to buying a house. I took a look at the likes under this comment, and it was the highest.

There are more witty friends who say, am I the one who is short of that down payment? I'm missing the monthly payment every month! After finishing speaking, I also gave a detailed example of the changes in the down payment and monthly payment, and then sighed with emotion, I am poor about the part of the monthly payment that has decreased!

Of course, there are also some fundamental views, such a drop, that way, how not to reduce the price of land?

There are also jokes that this 300 billion does look like a lot, but in so many cities, Guangzhou can buy about 100,000 sets, Beijing can buy 50,000 sets at best, and the national inventory of more than 60 million new houses is a drop in the bucket.

Of course, whether to buy or not, everyone has a scale in their hearts. Let's take a closer look at the logic behind these policies.

First of all, the first point is actually very clear, save new houses, destock, and stabilize land prices.

The general policy of property market regulation and control is nine words: stabilize land prices, stabilize housing prices, and stabilize expectations.

Stabilize land prices, house prices, and expectations

After more than 20 years of rapid expansion in the real estate industry, it is normal to adjust now according to the industrial growth cycle. The phased adjustment of real estate is conducive to the subsequent construction of a new model of real estate and the realization of high-quality development.

To put it cruelly, what do you love about second-hand housing, no one will care about you. However, the destocking of new houses is very important, because it is related to the transaction of land.

What if the developer can't sell it?

It's okay, the national team will take a shot and carry some of the pressure for you. You are not allowed to reduce the price outside, of course, I buy yours to share the pressure for you, and this price must be the lowest in history.

Secondly, the second point, this time, from the speed, depth and breadth of the introduction of these policies, it is really moving!

The dragging style, squeezing toothpaste style, and cautious style no longer exist. One is that the fundamental attitude has changed, and the other is that it is true that it has experienced a severe beating to discover the importance of the real estate market.

According to the data of the National Bureau of Statistics, since the first quarter of this year, the construction area of real estate development enterprises has 678501 million square meters, a year-on-year decrease of 11.1%.

Among them, the residential construction area was 4,745.8 million square meters, down by 11.7%. The area of new housing construction was 172.83 million square meters, down by 27.8%. Among them, the area of new residential construction was 125.34 million square meters, a decrease of 28.7%. The area of housing completions was 152.59 million square meters, down by 20.7%. Among them, the area of residential completions was 111.48 million square meters, a decrease of 21.9%.

data

I don't look at so many declining figures, but if you can see the chart, you know that it has been declining since last year. The data is cruel, and it has reached an imminent time, and the mention of what color rhinoceros was mentioned a few years ago is now no longer visible.

Finally, there may be successive policies on the way, and it is indeed necessary to start thinking deeply.

It is said that before the introduction of these new policies, that is, on the 15th, the relevant people received the news and asked to return to talk. As a result, it has not been a day before the consensus of many parties has quickly introduced these measures.

It is difficult to be so efficient without early ventilation, or if everyone agrees.

Therefore, this time is likely to be just the initial beginning, and there should be a series of follow-up actions. But such a beginning involves such a depth and breadth, you can imagine how resolute the attitude is this time.

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