After the room ticket was issued, there was a ** early this morning100 billionThe housing rental group purchase loan has been approved.
It was later confirmed that it was a stealing concept, an oolong.
I thought that another big move to de-inventory in the property market was coming.
It may seem tongue-twisting, but don't worry, let's explain it in detail.
The big move to go to inventory may already be on the way.
The recent policy has been a lot betterPSL, room ticketetc., are all fierce drugs for real estate.
Today I plan to explain it thoroughly, and if you don't understand it after reading it, you will discuss it in the comment area
The above-mentioned loan approval of 100 billion yuan is actually one of the structural monetary policy tools set up by the central bank last year.
Now, here's the picture, there are 17 tools!
And the 100 billion mentioned this time corresponds to Article 17 of the table belowRental Housing Loan Support Program, used to:Pilot cities acquire housing stock
Figure from the central bank, the situation table of structural monetary policy tools.
The translation is: the central bank will issue 100 billion yuan to buy you a house and then rent it out.
The rental housing loan support program has been implemented in eight pilot cities (Tianjin, Chengdu, Qingdao, Chongqing, Fuzhou, Changchun, Zhengzhou and Jinan).
In fact, this is also one of the means of destocking.
8 cities, there are 100 billion to buy a house, is it much?
Let's take a look at how many houses can be sold in a year in these 8 cities.
The cat cub deliberately went to check the past two years, and the residential sales in these 8 cities totaled 1 trillion last year.
100 billion, you can buy one-tenth of a house.
If you ask, the total marketing performance can be increased by 10%, and it is worth going a few times***
Obviously, it also helped to destock.
Then let's talk about it in detail, the protagonist of this oolong:Housing rental group home purchase loans
It is actually mentioned in a "draft opinion" released by the central bank last week:
Meet the reasonable financing needs of groups to purchase rental housing in bulk.
The essence of the "rental housing loan support program" mentioned above is the same, it is all destocking.
However, the rental housing loan support program is more concentrated at the level of urban investment and local ZF.
ButHousing rental group home purchase loansWhat's more, enterprises are encouraged to do this (buy stock commercial housing for rent), and the main body of participation is wider.
And the requirement is that only wholesale purchases are allowed, and bulk purchases are not allowed.
Housing wholesale", it can be used as dormitory-type affordable rental housing, affordable or commercial rental housing for a long time.
In short,Staff dormitories or long-term rental houses or something
**Sell the land to the enterprise or urban investment, the enterprise or urban investment borrows money to invest in building a building, and the bank then lends money to the enterprise to buy a house in batches, and finally rents it to the workers....
Housing rental group home purchase loansThere are a few key pieces of information:
1. In principle, the loan amount shall not exceed 80% of the appraised value of the property; (2 into a down payment).
2. For the time being, the pilot cities have not been announced, as for how many billions will be invested and how much interest rates will be, the plan is still on the way.
3. Wholesale houses can only be commercial residences (including property rights talent apartments), and cannot buy commercial apartments. (Directed residential destocking).
4. The maximum loan term shall not exceed 30 years.
Behind this, the purpose is obvious.
In fact, since last year, the upper echelons have realized that the supply and demand of the property market have undergone a major change.
You see, the area of residential buildings for sale has exceeded 300 million square meters.
More and more houses are not being sold....
Netizens also commented a lot on this.
Assuming that the loan interest rate is 3%, how can you make money according to the current rent-to-sale ratio?
Some netizens also said that if the 30-year loan is assumed to have an interest rate of 3 points, if the principal is not repaid, the rent can cover the interest, and this loan will not become a perpetual bond?
Although the controversy is big, they are eager to save the market.
In addition to the above-mentioned encouragement to buy and rent to destock, house tickets should be the most concerned topic in the market recently.
The first-tier cities have been clearly branded, and not long ago, the Guangzhou Liwan room ticket awarding ceremony looked particularly solemn.
Said that the brother number of the lucky cat @ Demolition God has written a lot of analysis, you can see here: article link.
After Guangzhou, Foshan's room ticket placement also came out with detailed rules.
In the past, it was to send back the houses to the demolished households, or to send money; sent back the house for relocation, and added the house; Send money, and it may be saved again.
Now the house ticket can only be used to buy commercial housing.
Let the money flow to the real estate market at a faster rate.
Almost 10 years ago, our real estate was also facing the problem of destocking.
Now it's another cycle.
When the market was bailed out in 2015, it can be said that it was fast and accurate.
In the economic work conference at the end of the year, the third point directly reads: ".Resolve real estate inventory
Natural persons and all kinds of institutional investors are encouragedWhen buying inventory commercial housing, there is a huge demand for shed renovation
The shed was changed to inventory, and finally completed the victory of this stage with the house price**.
In addition to the above measures, the PSL, which has been hotly discussed recently, is also a breakthrough.
If there is no accident, there is a high probability that there will be a "king bomb" - more than 3 trillion!
In the central bank's release of the latest structural monetary policy tools table (as of the end of September last year) shows:
The balance of the Collateral Supplementary Loan (PSL) is 29 trillion, interest rate 24%, with a focus on:Support the upgrading of shantytowns, underground pipe gallery, key water conservancy projects, etc.
In December 2023, the Development Bank, the Export-Import Bank of China, and the Agricultural Development Bank announced a net increase of 350 billion yuan in PSL, and the balance of mortgage supplementary loans at the end of the period exceeded 3 trillion yuan, reaching 32.5 billion yuan.
Meaning, the PSL balance is close to the historical peak (2019 balance 3.).6 trillion).
Throwing out the big move of PSL, the intention is obvious, and the money is given.
And it isLong-term stability and appropriate costof money.
Therefore, after a few times of joint efforts, maybe it can really solve all problems.
How powerful do you think this round of destocking will be? Let's talk in the comments section