2023 is destined to be a record-worthy year for the Shanghai property market.
In this year, Shanghai's property market was dominated by a series of hot words, such as "down payment", "recognition of housing but not loan" and so on. These words have not only become a hot topic in the property market, but also directly affect the decision-making of home buyers and the direction of the market.
The hot word of the year is the epitome of an annual year. 2023 has come to an end, and if you were to look back on it in 7 words, which ones would come to mind?
01: Recognize the house but not the loan
On the evening of September 1, Shanghai detonated the "atomic bomb" of the property marketThe official announcement "recognizes the house but does not recognize the loan".When a resident family (including the borrower, spouse and minor children) applies for a loan to purchase a commercial house, it will only be determined based on whether the family has a house in its name, regardless of whether the family has a housing loan record.
From October 30, ShanghaiProvident Fund also"Recognize the house but not the loan"！It has become the first first-tier city to implement the policy of "recognising housing but not recognising loans" of the provident fund, which has put a "patch" on the previous property market regulation.
The notice makes it clear that if the deposited employee family has no housing in the city, has not used the housing provident fund personal housing loan in the country, or has only used the housing provident fund personal housing loan once but has been settled, it shall be deemed to be the first house.
The implementation of the policy of "recognising the house but not the loan" has allowed more buyers to enjoy the recognition standard of the first home, thereby further reducing the cost of buying a house and the threshold for buying a house.
02: LPR dropped
In June and August of this year,The central bank cut interest rates twice, of which the 1-year and 5-year LPR were cut by 20 basis points and 10 basis points, respectively. Currently, the 1-year LPR is 345% compared to 4 for a 5-year LPR2%。Although the 5-year LPR has been lowered only once this year, it has arrivedHistorically low levelsFor individuals and families who are burdened with mortgage loans, it is a direct "burden reduction".
According to the calculation, if calculated according to the commercial loan amount of 1 million yuan, the loan for 30 years, and the repayment of equal principal and interest, only due to the 10 basis point reduction in LPR, the buyer's monthly payment will be reduced by nearly 60 yuan, and the monthly payment for a 30-year loan is expected to be reduced by more than 20,000 yuan.
03: Talent housing
This year, Shanghai Lingang and Jinshan successivelyIntroduce and optimize the housing policy for talents, which opened a hole for the lifting of purchase restrictions in Shanghai. In the Lingang New Area, the requirements for working for outstanding talents in key support units to purchase houses have been shortened from more than 6 months to more than 3 months.
In the three key areas of Jinshan's Binhai City, High-tech Community and Tingfeng Community, the unit or individual of non-Shanghai home buyers can buy a house if they meet certain conditions and have 3 years of individual income tax or social security. It isFollowing the Lingang New Area, Shanghai is the second to break through the hukou restriction and allow outsiders to buy houses。These policy adjustments have released a strong signal that Shanghai's property market has ushered in "directional relaxation".
04: New Provident Fund Deal
In addition to the provident fund, Shanghai has introduced a number of policies in the housing provident fund this year. In March, housing per capita floor area will be heldFrom the original 374 Adjusted to no higher than 3746㎡, sending a signal of support for improved housing. At the end of April,It is proposed to increase the provident fund loan for multi-child families by 20%, and families can borrow up to 1.44 millionto increase the amount of provident fund loans and reduce the repayment pressure of multi-child families.
On September 7, the housing provident fund policy was adjusted again, and it willThe loan term of the housing provident fund for the elderly has become longer。Originally, the maximum loan term of the housing provident fund did not exceed "35-age", but now it is adjusted to not exceed "50-age". This means that for a 20-year-old house, the original provident fund loan limit was 15 years, but it can be relaxed to 30 years under the new regulations, which reduces the pressure on monthly payments and is conducive to the removal of older houses.
05: Transfer with charge
On March 30, the country's first new property market policy - "transfer with mortgage" was officially introduced!In April, Shanghai's second-hand housing market also announced the implementation of this policy. This means that the seller does not need to pay off the loan in advance and does not need to advance funds during the second-hand housing transaction. As long as the online signature is completed, the transfer procedure can be carried out the next day. After the property certificate is issued, the release operation will be carried out. The entire transaction process can be completed within 3 days at the earliestLet the buyer get the house as soon as possible
The introduction of the mortgage transfer policy is conducive to shortening the transaction cycle of second-hand housing, saving the cost of bridge capital and reducing risks. At the same time, it will also help to revitalize the second-hand housing market and smooth the market transaction cycle. It should be noted that the transfer of ownership with mortgage in Shanghai needs to go through "capital supervision".
As the first pilot fund supervision enterprise in Shanghai, Pacific Housing was launched as early as 2019"Zhizun Insurance" fund supervision services。This service provides a guarantee of double security for transactions, giving buyers more peace of mind.
06: Five new cities
On October 27, Shanghai's five new cities became the focus of heated discussions. Shanghai Municipality adopted the Decision of the Standing Committee of the Shanghai Municipal People's Congress on Promoting and Guaranteeing the Construction of the "Five New Cities".The five new cities of Jiading, Qingpu, Songjiang, Fengxian and Nanhui are given greater autonomy in development。This decision means more for each new city"City-specific policies".In the future, the five new cities may relax the purchase restrictions for talents to inject new vitality into urban development. Five new cities, the future can be expected!
07:1214 New Deal
It's been a long time coming!On December 14, three sets of combination boxing in ShanghaiAdjust the general house, lower the down payment, and lower the interest rate, directly let the property market "blow up", which is regarded as an important event recorded in the history of Shanghai's property market.
The new deal directly excludes the ** standard of the outer middle and inner rings, and you must know that the standards of ordinary houses and non-ordinary houses have not changed for 8 years90% of the houses in Shanghai are classified as ordinary houses。That is to say, in addition to villas, the units below 144 are considered ordinary houses, and if the house is full of five unique, it is directly exempt from value-added tax and individual income tax;For less than five years, the individual income tax will also be reduced from 2% to 1%.
At the same time, the interest rates on the first and second sets of 5-year commercial loans have also fallen to the lowest value since 2016
The first loan has a tenor of more than 5 years (LPR4.).2%-10pb）=4.1%
The second set of loans has a tenor of more than 5 years (LPR4.).2%+30pb）=4.5%
Two sets of loans with a term of more than 5 years (LPR4.) in 6 administrative regions2%+20pb）=4.4%
It is enough to show the determination and sincerity of the property market to boost the property market, and this policy adjustment will fully benefit the majority of home buyers, reduce the cost of buying a house, and stimulate the demand of rigid and improved home buyers.
The hot words in the property market in 2023 not only summarize the hot words of the past year, but also evoke everyone's memories of 2023