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Beginning:
In this May day, in the stormy property market, a thunderclap suddenly pierced the sky.
China's property market policy turned over to do "surgery", releasing a series of blockbuster help signals. Among them, the most reverie is the "unprecedented" new policy of loose down payment.
The 15% down payment threshold for the first home and the 25% for the second home have been relaxed in this way, quietly rewriting the "narrow" access model that has been implemented in this industry for many years.
For the homeless who have been blocked by the "down payment roadblock" for a long time, this is undoubtedly a heavy slap in the face. Once upon a time, the dream of settling down and starting a business was stopped by the high down payment leverage, and the dream of putting down roots in the city fell astray? Now, there is a new dawn.
Analysis and interpretation:
"Reducing the down payment ratio is undoubtedly a shot in the arm to regulate the property market." Li Yujia said truthfully.
The chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute has analyzed the new policy thoroughly. He pointed out that on the one hand, this move will greatly reduce the financial pressure of home buyers, and on the other hand, it will also bring new impetus to transaction activity.
The majority of home buyers, especially young people and new citizens, are mainly focused on rigid demand and improvement demand, which is expected to stimulate them to actively enter the market. "The dilemma of 'breathtakingly high' monthly payments in the past will no longer exist." Li Yujia added.
The data shows that if the new policy rate and down payment ratio are implemented for mortgage loans, it will undoubtedly greatly reduce the monthly payment pressure of residents. Taking the purchase of a 10 million yuan property as an example, if the down payment is 15% and the loan interest rate is 4.4%, the monthly payment will be nearly 2,000 yuan less than in the past. "For a lot of young families, this will fundamentally change their decision-making when it comes to buying a home." Li Yujia said.
Multi-perspective interpretation:
This loosening of the property market will undoubtedly trigger a series of chain reactions. This is not only a good news for home buyers, but also conducive to active market transactions and destocking, which will bring new momentum to the development of the real estate industry.
"Judging from the data, the current decommissioning cycle in first- and second-tier cities is about 20 months, and the third- and fourth-tier cities are longer. Through this series of new policies, it is expected to further digest the market inventory. Ma Hong analyzed, "At the same time, second-hand housing is also expected to be active." In the past, many families who owned a second-hand home and wanted to improve their living conditions stopped because the down payment threshold was too high, and now there are more opportunities to realize the demand for changing homes. "
For the entire real estate market, the biggest benefit is undoubtedly the possibility of a certain degree of price decline, which is also in line with the general tone and orientation of the current housing not speculation. Industry insiders believe that with the help of the new policy, the possibility of young people joining the home buying army will increase significantly. This means that the age structure of the home buyer group will be greatly adjusted, "more post-90s and even post-00s will have the opportunity to settle down in the city." Ma Hong said.
Of course, this does not mean that there are no barriers to buying a home. Some analysts pointed out that although the pressure on the down payment has been reduced, banks and other financial institutions still have many reviews of the borrower's conditions for loan issuance, such as repayment ability, credit history, professional income stability, etc., and the prevention of violations and risks is still the top priority.
Experts suggest that for home buyers, it is necessary to remain rational and calm now, and not blindly follow the trend of speculation. Even if you buy a property, you should do what you can, not pursue a one-step approach, and maintain a reasonable level of debt.
Extended Perspective:
From a broader perspective, this new deal for the property market has the meaning of "relieving difficulties for the people". The issue of housing is related to the vital interests of hundreds of millions of people, such as entrepreneurship, employment, and children's education, and is a top priority related to the country's development plan.
In the current housing system, there are considerable urban-rural, class and regional disparities. Many young people, new citizens, and low- and middle-income families have been unable to settle down in big cities for a long time due to their lack of ability to pay, and can only work hard in second- and third-tier cities. This not only exacerbates the inequality of opportunities for urban population, but also restricts the rational flow of human capital in the mainland to a certain extent.
In this year's government work report, it is clearly stated that it is necessary to promote the steady and healthy development of real estate according to the city's policies. It is foreseeable that with the introduction of a series of favorable policies, including the significant relaxation of the down payment interest rate this year, the mainland housing market will further reflect the inclusiveness and inclusiveness, and truly create favorable conditions for the people to improve their living conditions.
To allow more people to live and work in peace and contentment, the housing problem is only one of the symptoms. The new urbanization strategy that the country is continuing to promote, as well as the increasing pace of population urbanization, are essentially promoting the mainland to continuously improve the allocation of public resources for urban-rural integration. This is not only a rigid need but also a need for people's livelihood, reflecting the people-centered development concept.
In the future, with the further implementation and promotion of various relevant policies, including the improvement of real estate tax and other systems, our understanding and governance of housing problems will also be more systematic and scientific. At that time, not only young people, but also more ordinary people will be able to pursue a better life on a broader stage. And this is precisely the ultimate goal of Chinese-style modernization. At the time of this major relaxation of property market policies, we can't help but reflect: why make so much effort to promote the real estate market? What are the reasons and considerations?
Fundamentally speaking, the real estate industry is related to the national economy and people's livelihood and is an important pillar industry. On the one hand, it is an important engine to drive investment, employment, related industries, etc.; On the other hand, it is also related to the housing needs and wealth accumulation of the general public. Therefore, the healthy development of the real estate industry is not only related to economic trends, but also affects social stability.
In the past many years, under the strict regulation of purchase restrictions, loan restrictions, price restrictions, etc., the real estate market has once entered a bottleneck period of development. The industry is sluggish, inventories are high, and home buyers are in a wait-and-see mood. This has not only exacerbated the operational pressure on real estate companies, but also reduced the public's confidence in the prospect of buying a house to the bottom.
Even though the property market has heated up in recent years, the overall heat and activity are still relatively low. Although housing prices in many large cities are high, the transaction volume and new construction are showing a lukewarm trend. This is not conducive to the virtuous cycle of the real estate industry, and also exacerbates the risk of market imbalance and hoarding and speculation.
In this context, the introduction of this round of loose new policies is undoubtedly a top priority and the best choice. On the one hand, significantly lowering the down payment threshold will greatly stimulate the demand for home purchases, especially for the majority of young people and new citizens, which means that their dreams of finally living and settling down in big cities will come true. On the other hand, lowering the loan interest rate will also further reduce the pressure on home buyers to make monthly payments and improve residents' ability to hold real estate.
On the whole, the purpose of this new down payment policy, which was introduced with unprecedented easing, is to revive the confidence of the property market, dredge the blockages at both ends of supply and demand, and promote the vitality of the real estate market. Only when the property market continues to improve, can the development of the industry be stable and improving, and the relevant jobs and wealth effects can be fully released.
This "shot in the arm" alone is not enough, and it is expected that more favorable policies will be introduced in the future, such as further easing local settlement restrictions, reducing taxes and fees on real estate transactions, and so on. Only by forming a joint force from both the supply side and the demand side can we completely reverse the haze of the property market and promote the industry to regain its vitality.
At the same time, we also need to reflect on and face up to the chaos in the property market to prevent a new round of "madness" from returning. Under this round of large-scale easing, it is very likely to induce a new wave of speculation and speculation. Therefore, the relevant regulatory authorities must closely track and suppress speculative demand, while guiding funds to invest in the stock housing market, and promote the further compression of the real estate destocking and destocking cycle.
At this critical juncture, we must face up to the development direction of the real estate industry. A series of new measures such as real estate tax and new urbanization strategy will be accelerated, so as to clarify the direction for the long-term healthy development of real estate. It is no longer a simple "land sales subsidy" and extensive development, but integrated into the larger process of national modernization, promoting the integrated development of urban and rural areas, narrowing regional development disparities, and giving hundreds of millions of people the opportunity to share the fruits of development.
In general, the fundamental goal of property market regulation is to promote the high-quality development of urbanization and new urbanization, and better meet the people's yearning for a better life. This requires not only inclusive and developmental policy orientation, but also systemic and long-term institutional guarantees. Only in this way can we enable the real estate industry to find a new way out and action in serving people's livelihood and promoting fairness and justice.
Epilogue:
In this way, the loose new policy "cleared" the clouds on the road to buying a house for young people and ignited their inner housing dreams. Yes, once upon a time, the road to Xiaoyou step by step was always filled with too many thresholds and obstacles. And now, with the help of all parties, this long road has finally seen a ray of light.
What do you think of this relaxation of the property market? As a prospective house slave or a viewer who has realized the dream of settling down, what are your expectations and suggestions for the living environment? Feel free to share your insights in the comment section! #