On December 14, Beijing and Shanghai issued easing policies for the property market on the same day, all of which involved the down payment ratio, mortgage interest rate, and the identification of ordinary houses, as follows:
After the policy adjustment in Beijing and Shanghai, the down payment ratio of the first house has been uniformly reduced to 30%;The down payment ratio for second suites in Beijing is divided into six urban districts and non-urban six districts, with a down payment ratio of 50% and 40% respectively, 50% in Shanghai, and 40% in the Lingang New Area of the Free Trade Zone and the six administrative districts of Jiading, Qingpu, Songjiang, Fengxian, Baoshan and Jinshan.
According to the relevant person in charge of the Beijing Municipal Commission of Housing and Urban-Rural Development, the down payment ratio for the purchase of housing outside the six districts of the city is slightly lower, which is not only in line with the requirements of Beijing's urban function and layout optimization and adjustment, but also combines the actual land in recent years to promote the balance between jobs and housing.
At the same time, the lower limit of the new mortgage interest rate policy issued by commercial banks in the two places has also been adjusted, Chen Wenjing, market research director of the China Index Research Institute, said, "The mortgage interest rate in Beijing and Shanghai has been significantly reduced, further reducing the cost of home buyers." ”
Shanghai E-House Real Estate Research Institute calculated an account, taking 6 million yuan to buy a second house in downtown Shanghai as an example, the down payment ratio was 70% in the past, and 50% under the new policy, that is, the down payment expenditure of 1.2 million yuan was reducedIf the housing belongs to the implementation of differentiated policy areas, the down payment expenditure of 1.8 million yuan is reduced.
In terms of mortgage interest burden, the mortgage interest rate used to be 5 based on the standard of 2 million yuan loan principal, 30-year equal principal and interest, and second home loan interest rate25%, the monthly payment is 11,044 yuan. And according to the New Deal 4With an interest rate of 5%, the monthly payment is 10,134 yuan, which is a decrease of 910 yuan. The regional burden reduction effect of the implementation of differentiated policies is more obvious.
The down payment ratio and commercial loan interest rate have been lowered to reduce the threshold for buying a house, and the relaxation of the standard for ordinary houses in Beijing and Shanghai at the same time will further reduce the burden of second-hand housing.
In Beijing, for example, the standard for ordinary homes was formulated in 2014 before the new regulations, and with the increase in housing prices and the adjustment of the birth policy in recent years, the previous standard has become slightly outdated.
After the release of Beijing's new policy, about 70% of the houses will be turned into ordinary residences, which is conducive to reducing the cost of buying a house for ordinary home buyers. According to the data provided by Zhang Dawei, chief analyst of Centaline Real Estate, "86 of the 100 commercial housing residences in Beijing have been identified as luxury houses, and there are a total of 4,600 ordinary residences in Beijing (not counting the Fifth Ring Road), of which 3,700 are outside the Sixth Ring Road." More than 60% of the residences outside Beijing's Sixth Ring Road have been counted as luxury homes, with a total of 9,235 homes transacted, of which more than 5,500 are luxury homes. A total of 16,370 residential units were transacted between the Fifth and Sixth Ring Roads, and only 885 ordinary residences were sold between the Fifth and Sixth Ring Roads, which means that 95% of the houses between the Fifth and Sixth Ring Roads, where most of the main purchases in the market are luxury homes. ”
In Shanghai, taking non-ordinary housing held by residents for more than 5 years as an example, if it becomes ordinary housing after the adjustment of the standard, it will be exempted from value-added tax (the previous non-ordinary housing was levied according to the difference);If it involves individual income tax, the approved levy will be 1% of the total price (2% of the total price of non-ordinary housing will be levied before), and the cost of housing that meets the standard of ordinary housing will be reduced.
In addition, Beijing's strict control over the term of housing loans has been abolished, from the current maximum of 25 years to 30 years.
Analysts from the China Index Research Institute believe that the Beijing and Shanghai efforts to optimize the property market policy are in line with market expectations as a whole, and the policy optimization is particularly good for second-home buyers, which greatly reduces the threshold and cost of home buyers to buy a house, which is an important measure to implement "promoting stability by progress". From the perspective of market trends, the activity of the real estate markets in Beijing and Shanghai is expected to increase in the short term, and it is expected to further stabilize **. The expected improvement in the Beijing and Shanghai markets may further boost overall market confidence and promote the national market to accelerate bottoming and stabilization.
First-tier cities are more sensitive to regulatory policies, and Beijing and Shanghai are more sensitive than those in Guangzhou and Shenzhen. Li Yujia, chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, pointed out that Beijing and Shanghai have also loosened the policy, which has a very important signal significance, and the policy of administrative intervention may be gradually withdrawn.
It is worth mentioning that after the release of the new regulations, some of the real estate for sale in Shanghai have released "non-closing" posters, and China Merchants Shekou has shouted the slogan of "welcoming the new policy, night flash sales, Shanghai company six plates will not close tonight".A project of Gemdale also said, "We will not close tonight, closely follow the favorable policies, and grab the red plate in Jiading".
In addition, Poly Development, Vanke, China Railway Nord, C&D and other real estate related projects have also released relevant posters for publicity**.