China Real Estate Network News (Su Xiaowen).At the end of the year, the property market policies in Beijing and Shanghai once again ushered in the optimization of the "gift package". So far, first-tier cities have issued a series of blockbuster policies to optimize the property market, including recognising housing without recognising loans, reducing down payments and mortgage interest rates, and adjusting ordinary housing standards.
It is worth mentioning that for a long time, the real estate policies in first-tier cities have been stricter than those in other cities. Since the beginning of this year, after various competent authorities have expressed their positions many times, the four cities have optimized and adjusted the existing policies, which is also in line with the latest requirements of the competent authorities.
Industry insiders believe that the successive introduction of policies in first-tier cities has released a positive signal, indicating that first-tier cities attach importance to and support reasonable housing consumption demand and actively optimize and adjust housing purchase policies in the case of major changes in the relationship between real estate supply and demand. After the adjustment of relevant policies, it will play a better role in lowering the threshold for buying a house into the market, reducing the burden of housing loans, and reducing tax costs.
Market activity has increased
After the optimization and adjustment of the policies in Beijing and Shanghai, many banks in the two places have officially implemented the new policy of ** loans.
Lower mortgage rates and longer loan terms also mean that buyers will have less pressure to repay their loans in the future. Recently, the number of inquiries about housing loans from banks in Beijing and Shanghai has also increased significantly. I learned from a number of banks that the current credit line is not tight, the bank loan balance is sufficient, the loan approval speed is fast, and the loan can be disbursed in about three weeks if the information is complete.
From the perspective of the overall performance of the market, after the adjustment of the Beijing-Shanghai property market policy, the activity has increased immediately.
According to a number of real estate agency stores in Beijing, after the implementation of the new policy, whether it is in terms of the number of consultations, the number of views, or the transaction volume, the number of customers has increased significantly. The same is true for new housing, after the policy was introduced, the number of visits to the sales office in Beijing increased again, and some projects even canceled vacations, taking advantage of the policy spring breeze to actively decentralize.
According to the data of the Beijing Municipal Commission of Housing and Urban-Rural Development, last week (1211-12.17) The average daily transaction volume of new and existing houses in Beijing was 468 and 395 respectively. 6 days after the policy was introduced (1215-12.20), the average daily transaction of new and existing houses in Beijing was 529 and 410 respectively, which was 13 higher than the average level last Sunday03% and 379%。
In Shanghai, after the implementation of the new policy, intermediaries and developers have started carnival nights, offering the slogan of "no closing". With the significant rebound in the transaction volume of new homes, the transaction volume of second-hand houses has also shown a steady upward trend.
According to the data of the Shanghai Real Estate Exchange Center, last week (1211-12.17) The average daily transaction volume of new and second-hand houses in Shanghai was 596 and 498 respectively. 6 days after the policy was introduced (1215-12.20), the average daily transaction of new and second-hand houses in Shanghai was 684 and 554 respectively, which was 14 higher than the average level last week77% and 1124%。
It remains to be seen whether the market will be able to sustain it
Xu Xiaole, chief analyst of the Shell Research Institute, believes that from the market effect of the previous down payment reduction and mortgage interest rate reduction in Guangzhou and Shenzhen, the Beijing-Shanghai down payment policy will be superimposed on the policy of "recognising the house but not recognising the loan" in September, which will promote the demand for housing to enter the market.
Huatai** research report also pointed out that referring to the performance of Shenzhen's new deal, the Beijing-Shanghai new deal is expected to drive the improvement of the local real estate market and inject confidence into the expected recovery of the national market.
Guan Rongxue, an analyst at Zhuge Data Research Center, expects that with the continuous fermentation of favorable policies and the continuous exertion of policy toolboxes across the country, the national new housing transactions will be strengthened in the second half of December, and the transaction level of the whole month is expected to catch up with and surpass that of November.
Haitong ** believes that from the effect of the implementation of the policy of "recognising houses but not loans" in the early stage, the new policy has a significant driving effect on the total number of new housing transactions in the first month, but the sustainability is insufficient. The introduction of the new policy will help release the improvement demand for some second-home purchases, directly drive the transaction volume of new homes, thereby stabilizing the transaction volume and leading the market in the core first-tier cities, and guiding the market into a positive cycle.
Some analysts also pointed out that although after the introduction of the new policy, the real estate market in Beijing and Shanghai has rebounded compared with the past, but the policy seems to need a process of digestion, and it remains to be seen whether the market heat can continue.