One hundred and thirty issues
Planning and production|Titanium Media Visual Center, Editor|Liu Yaning, Drawing|Chu Yanmo
On December 14, Beijing and Shanghai successively issued new policies such as "adjusting the identification standards for ordinary housing, reducing the proportion of down payments, and reducing the lower limit of mortgage interest rates", which is another favorable policy for the Beijing-Shanghai property market after the "recognition of housing without loans".
It is understood that Beijing has lowered the down payment ratio of the first house to 30%, and the down payment ratio of the second house has also been reduced to 50% and 40% respectively according to the six districts of the city and the six districts of the non-city. The Shanghai property market has also launched blockbuster policies, eliminating price standards in the identification standards of ordinary houses, etc., which have played a role in reducing the threshold for buying a house, reducing the burden of housing loans, and reducing tax costs, which will help to release the demand of rigid and improved buyers, and also help improve the transaction liquidity of the second-hand housing market.
As the "wind vane" of the national property market, Beijing and Shanghai, how much discount can the implementation of the new deal bring to home buyers? and how much will it promote the real estate market?
The down payment was reduced to 3 percent, the total price of ordinary houses was cancelled, and Beijing and Shanghai vigorously optimized the property market policy
The new policies of the property market in Beijing and Shanghai mainly focus on the "two reductions and one adjustment", that is, reducing the down payment ratio, reducing the mortgage interest rate and adjusting the standard for the identification of ordinary houses.
Before the introduction of the new policy, Beijing's property market divided the down payment ratio between the first house and the second house, ordinary house and non-ordinary house, the new policy abolished the standard division of ordinary house and non-house, and reduced the down payment ratio of the first house to 30%, and the down payment for the second house was divided according to the standard of the six urban districts and non-urban six districts, 50% and 40% respectively, and at the same time, the loan term was extended from the previous 25 years to 30 years. In addition, Beijing has also lowered mortgage interest rates to reduce the interest burden on home buyers. The lowest interest rate is 4.2% for first homes and 4.75% for second homes.
In addition to adjusting the down payment ratio and loan interest rate, Beijing has also adjusted the standard of ordinary housing, which no longer sets the total price requirement, only retains the unit price requirement, and the construction area standard has been raised from no more than 140 square meters to no more than 144 square meters. According to the estimation of relevant institutions, after the adjustment of the standard for the identification of ordinary houses, the proportion of ordinary houses in Beijing has increased from 14% to 70%.
On December 14, Shanghai also issued a corresponding new policy for the property market. From the perspective of policy adjustment, Shanghai is stronger than Beijing in the identification of ordinary housing standards, after the new policy directly canceled the price standard, only to the type of housing and construction area to measure whether it is an ordinary residence, this is Shanghai after 9 years to adjust the standard of ordinary housing again, after the adjustment can allow more second-hand housing transactions to enjoy more preferential tax strength.
In addition, the down payment ratio for the first home in Shanghai has also been reduced from 35% to 30%, and the down payment ratio for the second house has been changed from the previous division according to the standard of ordinary house and non-ordinary house to the differentiated standard of six administrative regions, and a more preferential interest rate policy has been implemented for the six outer administrative districts of the free trade zone, namely Lingang New Area, Jiading, Qingpu, Songjiang, Fengxian, Baoshan and Jinshan.
First of all, in terms of reducing the proportion of down payment, according to the calculation of titanium media and titanium map, assuming the purchase of a second house with a total price of 6 million yuan as an example, this suite was regarded as a non-ordinary residential house in Beijing and Shanghai before the new deal, and after the new deal, the down payment of housing in the six districts of Beijing can be reduced by 1.8 million yuan, and the down payment of housing in Shanghai can be reduced by 1.5 million yuan.
Secondly, the decline in mortgage interest rates has also reduced the monthly payment expenses and total repayments. Assuming that the purchase of a second house with a total price of 6 million yuan is taken as an example, and the loan principal is 3 million yuan, the monthly payment of the housing in the six districts of Beijing will be reduced by about 1,000 yuan and the total repayment will be reduced by about 236,000 yuan according to the repayment method of equal principal and interest for 25 years, and the monthly payment will be reduced by about 2,000 yuan and the total repayment will be reduced by about 492,000 yuan according to the repayment method of equal principal and interest for 30 years in Shanghai. The reduction in the down payment ratio and mortgage interest rate will help to release the demand of rigid and improvement home buyers.
The relaxation of the standard for ordinary houses will help boost the second-hand housing market. For example, if the house is less than 5 years old, no matter how many suites the owner has, the tax can be reduced by 50,000 yuan after the new deal, and if the house is 5 years old, the tax can be reduced by 202,000-258,000 yuan.
The implementation of the new policy has led to the heating up of the property market, and the transaction volume of new houses in Beijing and Shanghai has risen strongly
After the introduction of the property market policies in Beijing and Shanghai, the impact on the real estate market was immediate, and the transaction volume of new homes in Beijing and Shanghai showed positive changes. According to the data, on the first weekend after the new policy (that is, December 16-17), the transaction volume of new homes in Beijing was 556 and 497 respectively, which was higher than the average daily number of new homes in Beijing in the previous week (469 units). On December 18, the transaction volume of new homes in Beijing reached 663 units, reaching the second highest number of new homes in the month.
At the same time, Shanghai's new commercial housing market is also hot. On the second day after the announcement of the new policy, the transaction volume of Shanghai's new home market increased by 26.2% month-on-month to 736 units, and in the first weekend after the new policy, the transaction volume of new homes in Shanghai continued to rise, reaching 779 units on December 16, and the transaction volume fell back to 574 units on December 17, but it is still higher than the average daily transaction volume of Shanghai's new home market in the past week (540 units). On December 19, the transaction volume of new homes in Shanghai reached the second peak of the month, at 910 units. Not only are the transactions of new homes on the rise, but the transactions of second-hand homes are also rising. On December 17, 639 second-hand houses in Shanghai were traded in a single day, setting a new high for single-day transactions since December. However, the transaction of Beijing's second-hand housing market is relatively flat, and the heat is not as good as that of new houses.
The introduction and implementation of the new policies in Beijing and Shanghai has, to a certain extent, stimulated the release of housing demand, boosted the second-hand housing market, promoted the new housing market to stop falling, and had an obvious role in consolidating and promoting the property markets in the two places. The favorable policy will further promote the steady development of the real estate markets in the two places.
Data source: Zhuge Data Research Center, CRIC Research Center, China Index Research Institute and other public information collation.