In recent years, the property market is very miserable, especially for new houses, many real estate sold for a few years and have not been sold, so that every time to the end of the statistics, it is found that the land, investment, and sales data related to real estate are declining, only the inventory is improving, of course, some people think that this is normal, the real estate development in the past is too fast, and the development space for the next 5-10 years has been overdrawn in advance, and now the development is very slow, but for the property market itself, this is not a good thing, which means that the income from local land transfer is reduced, It is more difficult for developers to survive, the income of real estate practitioners is declining, and most importantly, once the property market disintegrates, the market as a whole will be bleak.
As time enters 2024, China has introduced a large number of measures to stabilize the property market, which are linked together, and this year's stabilization of the property market may be beyond ordinary people's imagination, so you might as well take a closer look.
The current problems in the property market are by no means a single simple problem, not to mention that the property market can be saved simply by releasing water, and there are indeed too many industries related to the industry, the crowd is too wide, upstream building materials and construction projects, midstream developers, brokers, financial institutions and property management, downstream home building materials and home appliances, there is a land market in front of the upstream, and there is a second-hand housing market in the back.
Involving the financial market, local finance and household wealth, once the property market collapses, the financial market will be hit hard, in the past 20 years, financial institutions have provided a large number of local bonds, real estate development loans, personal housing loans, these debts and real estate coexist, local fiscal revenue is still more dependent on land transfer income, if the developer houses a large number of unsalable, how to talk about having the confidence to take the land or even auction the land, the same, when the house price **, who can guarantee that the previous loan of the resident family will repay on time, After all, it's not stupid.
Therefore, in order to solve the problems faced by the property market, we must first keep the status quo of the property market, that is, the development of the property market that is often mentioned by the high-level people, and only by stabilizing the property market can we think about how to make the property market develop better, and 2024 will be a year to do everything we can to stabilize the property market.
Let's take a look at the first step to stabilize the property market, to bail out real estate companies, the biggest problem facing real estate companies is the return of funds, the most direct way to withdraw funds is, of course, to sell the house quickly, always can not send money to buyers to buy a house, if you send money directly to buy a house, there will only be one result: than in 2014 the monetized shed demolition caused by the property market bubble is several times larger, so you can only borrow money from the developer, the off-plan house into an existing house, and the rest of the marketing work will be handed over to the developer.
Recently, the Ministry of Housing and Urban-Rural Development held a real estate financing coordination work conference showing that China has established a real estate financing coordination mechanism in 214 cities in 29 provinces, and submitted the "white list" to major commercial banks in batches, the so-called white list, refers to the real estate projects that can obtain credit, it is worth noting that the financing channels have been significantly relaxedThe problem of capital withdrawal faced by developers can be basically solved.
Let's take a look at the second step of stabilizing the property market, relaxing financing channels, for real estate companies is only an emergency role, and can not solve the sales problem from the root, only the house is really sold, in order to fundamentally solve the financial problem of real estate enterprises, after all, financing is only to lend funds to real estate enterprises, not to give away funds, just need to buy a house, because the cost of buying a house is higher, the pressure is greater, then it is necessary to reduce the cost of buying a house, the house price is set by the developer, and can not be priced casually, then start from reducing the cost of loans, Reduce mortgage costs for home buyers.
As a result, the latest 5-year LPR has been lowered by 25 bases compared with the previous adjustment, and the benchmark interest rate has been lowered to 395%, plus basically all cities have previously allowed mortgage interest rates to be lowered by 20 basis points above the benchmark rate, which means that the current mortgage interest rate is only 375%, and the provident fund loan interest rate gap further narrowed, interest rate reduction this way to stabilize the property market, can directly stimulate the effect of buying a house, after all, the cost of housing loans has been reduced a lot, of course, the specific results have to be released at the end of the year.
In addition, even if the effect of stimulating buyers to buy houses is not ideal, there are still tricks, and my country will not prepare to build 8.7 million units of affordable rental housing during the 14th Five-Year Plan period? In addition to the independent construction of these affordable rental housing, qualified cities can also directly purchase stock housing from the developer for the construction of affordable rental housing, according to the Financial Associated Press, Chongqing's first batch of rental housing plans began to start, two state-owned housing leasing companies acquired a total of 7 projects, a total of 4,297 **, according to 800,000 yuan of calculations, also worth 3.4 billion yuan, two state-owned enterprises are 3.4 billion yuan with a wave of their hands, so that the developer's funds have been truly solved.
Of course, even if the effect of stimulating the purchase of a house is not ideal, there are still big moves that can be released, Xingwen County, Yibin City, Sichuan Province, "Xingwen Release" recently released a new deal beyond ordinary people's imagination, which is very different from the usual new deal for the property market, and the words "down payment deferral" and monthly payment advance payment appear in people's field of vision.
Down Payment Advance:Xingwen financial investment of 30 million yuan, the establishment of industrial workers to buy a special **, all in Xingwen County air and rail new area enterprises for six consecutive months, you can enjoy the down payment "deferred" when buying a house, the down payment deferred payment ratio is within 50%, the deferred payment amount is within 100,000 yuan.
Monthly Payment:If there are special difficulties for industrial workers, they can directly apply for special funds to advance monthly payments, the advance payment time can reach up to 2 years, and they can enjoy interest-free within 1 year, and the second year is calculated according to the bank loan interest in the same period.
Are you particularly familiar with these two policies? When looking at the house in the sales department, the developer staff will generally tell the buyer in private to make a low down payment, down payment installment, monthly payment, etc., but this time the funds are not from the developer's illegal advance, but by the financial funds legally funded, the purpose is also very clear, the threshold for buying a house is very low, as long as you want to buy, we dare to support you to buy, no funds don't matter, first borrow you to pay the down payment, first help you repay the two years of monthly payment, it is determined that the economy can recover within 2 years, and the buyer can earn money to repay the down payment and monthly payment advanced.
Summary. From this point of view, in 2024, the country is determined to stabilize the property market, and even does not rule out that there are other measures beyond ordinary people's imagination, in 2024 only after the first month, the interest rate will be cut by 25 basis points, and it is not ruled out that there will be 1-2 interest rate cuts this year, this year and next year are the last two years of the "14th Five-Year Plan period", and the remaining tasks of affordable rental housing will be completed in 2024 and 2025, in other words, this year is a year for local housing leasing state-owned enterprises to acquire inventory housing.
After this round of adjustments, some real estate companies may face a reshuffle, and the second housing reform has come to an end, and the real estate market has gradually transformed from a single commercial house to a new trend: the second-hand housing market is free to trade and match, and the new housing market serves relatively wealthy families (after all, it needs to be redecorated), and affordable housing meets the basic living needs of low- and middle-income people. As for housing prices, it will gradually differentiate, across a road, perhaps the gap between the rich and the poor, all in all, these measures to stabilize the property market beyond ordinary people's imagination are actually stabilizing the healthy development of the property market, or that sentence, the current real estate can not let it fall, especially in the stage when the economy has not fully recovered, not to mention that in China, where the land is vast and rich, land is still scarce, as the famous American writer Mitchell said in "Gone with the Wind":
"In this world, only the land and the sun and the moon are together, and the land is the only thing in the world that is worthy of your dedication, struggle and sacrifice for it, because it is the only thing that lasts forever."