01 Guangfo interest rate cut! The strictest policy period may have passed!
PR17 months unchanged, regulation slowed down
Recently, the central bank announced the latest loan market
Quote Rate LPR Latest Quote
Among them, the 1-year LPR is 3.85%
LPR above 5 years is 4.65%
The above LPR is valid until the next LPR is released.
LPR remained unchanged for 17 consecutive months
The Guangfo mortgage interest rate shows signs of relaxation
According to media statistics, there are currently mainstream banks in Guangzhou
First set of interest rates reduced to 5.85% (LPR+120BP)
Two banks in Foshan have lowered their adjustments: the Agricultural Bank of China and the China Construction Bank
Among them, the first set of interest rates of the Agricultural Bank of China is 6%
The two sets are 6.2, both downgraded by 20BP!
This report and data provides the following important information:
First, some large state-owned banks and joint-stock banks in Guangzhou, Foshan and other places are already cutting mortgage interest rates.
In Guangzhou, at present, the mortgage interest rates of Bank of China, Agricultural Bank of China, Bank of Guangzhou, China Merchants Bank, Everbright Bank and other mortgages have dropped compared with the past, of which the interest rate of the first suite of Everbright Bank has dropped to 5.60%, down 40BP; the interest rate of the first suite of the Bank of Guangzhou has dropped to 5.45%, and the interest rate of the second suite has dropped to 5.65%.
In Foshan, there are also bank mortgage interest rates that have been reduced. Among the 8 local mainstream banks, the mortgage interest rates of the Construction Bank and the Agricultural Bank of China have been reduced, and the first and second suites of the Agricultural Bank of China have fallen more, both of which are 20BP.
Second, in Guangzhou and other places, the speed of mortgage issuance has accelerated significantly, and the first-hand housing loan applied for by customers has been loaned in 2 months.
Major banks have said at the interim report and performance conference that in terms of business structure, they will give priority to supporting the demand for housing just needed and improved housing.
"The CbRC urges banking institutions to provide differentiated support to just-needed groups in terms of loan down payment ratio and interest rate."
Securities Times commentary: To meet the real housing demand is inseparable from the effective allocation of housing loan resources.
The Economic Daily published: The regulation and control policy should be more optimized to continuously meet the housing needs of the just-needed groups.
This time, the current housing loan market shows the characteristics of "high interest rates, strict qualification review, and long lending cycle", which will undoubtedly seriously affect the pace of transactions between Guangzhou and Foshan, especially for the market of "selling one and buying one".
However, at present, it seems that the two places, new houses continue to develop, the second-hand housing market is seriously trampled, many second-hand houses do not give loans, or interest rates are raised. However, this time the Guangzhou-Foshan interest rate cut is a very big good news for buyers, seize the opportunity to get on the car!
02 Tax reduction!
Zhuhai, Zhaoqing, Zhongshan, Huizhou, Dongguan and other five cities have successively issued new policies
On the evening of September 30, Dongguan became the fifth city in Guangdong Province to announce a reduction in the approved tax rate for individual income tax in second-hand housing transactions, after Zhuhai, Zhaoqing, Zhongshan and Huizhou.
The approved tax rate for the purchase and sale of second-hand homes by individuals has been reduced from 2 per cent to 1 per cent. The transaction cost of each suite will therefore be greatly reduced by tens of thousands of yuan or even tens of thousands of yuan.
Dongguan is the city with the fastest house price increase in the past two years, and the increase even exceeds that of Shenzhen. In the past year, Dongguan has successively introduced a series of strict regulatory measures, and the property market has rapidly turned cold.
Dongguan is one of the top 9 "megacities" in China with a population of urban areas, and its total GDP ranks among the top 20 in the country (mainland). In such a megacity, the property market has undergone new changes in the direction of regulation and control, which deserves high attention.
03 The "policy bottom" of the property market has arrived
The hardest times are passing
On September 29, the central bank and the Banking and Insurance Regulatory Commission jointly held a symposium on real estate finance work. The meeting requested that financial institutions should cooperate with relevant departments and local governments to jointly maintain the stable and healthy development of the real estate market and safeguard the legitimate rights and interests of housing consumers in accordance with the principles of rule of law and marketization.
This is a meeting to grasp the implementation after the third quarter regular meeting of the central bank's monetary policy committee on September 27, which mentioned real estate very rarely and proposed "two safeguards" (safeguarding the healthy development of the real estate market and safeguarding the legitimate rights and interests of housing consumers).
Data on the real estate market has attracted widespread attention:
On the one hand, the latest release of housing price data of 70 large and medium-sized cities shows that whether it is a new house or a second-hand house, the number of cities with a decline in growth continues to increase compared with the previous month, hitting a new high in the year;
On the other hand, since the beginning of this year, the cumulative number of real estate regulation and control in various places has exceeded 400 times, and the number of property market regulations has reached a record high. Intensive regulatory measures have played an important role in curbing speculation and stabilizing property market expectations. In the next step, the regulatory policy should be more optimized to continuously meet the housing needs of the just-needed groups.
As a group of buyers, there is an essential difference between the demands of speculators and just-needed groups. Speculators make a profit by purchasing real estate to achieve value-added profits, aiming to amplify the investment function of the house; Just need to buy a house in order to meet the demand for self-occupation, the use of the house's living function emphasizes the adherence to the "house not speculation" positioning, that is, to return the house to the essence of living. From this point of view, cracking down on speculators is the starting point of the property market regulation and control policy.
This means: first, there have been subtle changes in real estate financial policy; second, the new policy has begun to be implemented.