Three Or More Housing Loans Suspended

Many ministries and commissions of the country once again made efforts to regulate and control the property market.

Yesterday, more stringent regulatory policies were introduced:

Bid farewell to three sets of home loans

Compared with the "ten countries", a number of regulatory policies have been extended to the whole country.

Documents refer to commercial banks

At the same time, the ratio of first payment to loans for commodity housing is adjusted to 30% and above. For families who purchase second housing loans, the documents require strict implementation of the ratio of not less than 50% of the first payment, and 1.1 times the loan interest rate.

In addition, commercial banks should strengthen the management of consumer loans and prohibit the purchase of housing.

It has been reported that in some areas of high house prices, commercial banks have hit "edge ball", and some banks use the consumer loan curve into the property market.

According to the analysis, the new deal issued yesterday will effectively block the "gray channel" of consumer loans.

Accelerate the pilot project of real estate tax

The document stipulates that we should adjust the preferential policies for deed tax and personal income tax in housing pactions.

We will accelerate the pilot work of property tax reform and expand it to the whole country.

Last night, the Ministry of Finance said that from October 1st onwards, the personal purchase of ordinary housing, and the housing is only half of the family's housing levy tax.

For individuals who purchase 90 square meters or less of ordinary housing and the housing belongs to the only family housing, the deed tax is reduced at 1% tax rate.

In addition, taxpayers who sell their own homes and repurchase in 1 years will no longer reduce their personal income tax.

Before the announcement of the new deal, some ministries and commissions said that the policy would involve a new property tax policy.

But reporters found that this time did not clarify the real estate tax pilot.

Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, believes that the property tax policy may be promulgated by the pilot cities, rather than published by the ministries and commissions.

Key points of new deal

The first measure is to increase the macro control of the property market.

We shall immediately study and formulate detailed rules for the implementation of the "ten state" documents.

Cities with high housing prices, rising too fast and tight supply must limit the number of households to buy houses in a certain period of time.

Strict accountability system.

The second is to improve the differential housing credit policy.

The commercial banks suspend the issuance of third or more housing loans, and suspend the purchase of housing loans to non residents.

For the purchase of commercial housing loans, the proportion of the first payment is adjusted to 30% and above. For families who purchase second housing loans, the provisions of the down payment ratio of not less than 50% and the loan interest rate not less than 1.1 times the benchmark interest rate are strictly enforced.

Commercial banks should strengthen the management of consumer loans and prohibit the purchase of housing.

The third is to adjust the preferential policies for deed tax and personal income tax in housing pactions.

We will accelerate the pilot work of property tax reform and gradually expand it to the whole country.

Fourth measures to effectively increase the effective supply of housing.

In cities where housing prices are rising too fast, the total supply of residential land should be increased.

We should conscientiously implement the preferential tax policies to support the construction of public rental housing.

Financial institutions are encouraged to support the construction of affordable housing projects, and to formulate a medium and long-term loan policy to support the construction of public rental housing.

The fifth measure is to intensify the inspection of the housing market and investigate and punish brokers' speculation, driving up prices and encouraging customers to sign "yin yang contract".

It is necessary to suspend the issuance of stocks, corporate bonds and new land for illegal activities such as land idle, alteration of land use and nature, delay in completion, and selling and selling.

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News background

A new round of real estate regulation

Last night, CCTV news broadcast broadcast the latest report on the new property issued by the relevant ministries and commissions of the state.

Reporters noted that this is in recent days, another regulation aimed at the introduction of the property market.

In September 26th, the Ministry of land and housing jointly issued a notice on the same night, stipulates that companies whose land is idle for more than one year due to their own causes prohibits bidders and their controlling shareholders from participating in land bidding activities.

Earlier, in mid September, the Ministry of housing and the CBRC formed a joint inspection unit to check the implementation of the two suite lending policies in Beijing and other major tier cities.

In April 17th this year, the "ten countries" were released, but recently the housing market showed signs of improvement. According to the survey conducted by the people's website, over 80% netizens thought that the control policy was not implemented effectively.

Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, said that although the new deal is still in the name of "ten countries" in the name of the new deal, it has actually exceeded the "ten countries" category in many areas. Therefore, it can be recognized that this is the third wave of tightening regulation after the first wave of last December and the second wave of April this year.

(Wu Peng)

Industry analysis

For the new property policy introduced yesterday, the head of Beijing Chuang Ling Consultants Limited said that in the follow-up policy of seemingly strict regulation, only raising the proportion of the down payment is a real killing force, because this may lead to a rigid demand that can not afford housing.

The responsible person believes that the central government has identified the chain reaction of the rebound in housing prices, that is, rigid demand to stimulate volume rebounded, and volume rebounded to drive up prices.

If the main driving force of the property market's recovery is just demand, we must put pressure on just demand.

Nowadays, the most direct means of regulating housing prices in the short term is to adjust supply and demand and curb turnover.

The government has once again warned the market that the real estate tax is coming out and will be launched throughout the country.

However, because the launch time is not clear, the boots that will not fall will shake the panic banknote and will not be easy to invest in the property market for the time being.

The responsible person believes that, compared to the above two measures, the implementation of local government regulation and regulation as soon as possible is a warning.

In particular, "strict implementation of the accountability system, the implementation of the policy is not in place, the work is not effective, we need to engage in interviews until the accountability."

There are two warnings for housing prices. First, hoarding houses can not only get land, but also get loans; two, high prices must be strictly suppressed.

Although these two articles are not new, they show the determination of regulation again.

Eleven, before the real estate regulation and control is more obvious, it is obvious that it is urgent to deal with the property market that may rebound during the eleven period.

This regulation is not going beyond ten countries, but there is still a lot of room for policy.

The responsible person said that further upgrading of leverage and continued investment will remain the main theme of further regulation.

[voice]

SOHO Pan Shiyi, chairman of China

"This regulation is a nuclear weapon".

Pan Shiyi told reporters that the intensity of this policy is relatively large. It is regarded as "nuclear weapons" by Ren Zhiqiang before. It has a wide spread and various types of houses have been affected by policies. The three apartments' loan and property tax pilot scale has also expanded significantly.

He believes that the effect of mortgage policy is immediate, and the first payment from 20% to 30% means that investment leverage is shortened from five times to three times.

For housing prices, Pan Shiyi said that the continuous introduction of policies to let the market feel the determination of the government.

From this point of view, if the price adjustment effect is not up to expectations, the policy will continue to be overweight. At present, policies in all aspects have basically come out, but all of them can be further strengthened, such as the down payment can continue to increase to 40% and 50%, and the possibility of using financial leverage to fry the housing is very small.

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Chen Guoqiang, vice president of China Real Estate Society

"Raising the impact of the down payment is greater than raising interest rates".

Chen Guoqiang believes that this policy is a further improvement and enhancement of the ten countries and is not a new policy system, so it can not be regarded as the two regulation.

If the property in the past 90 square meters has already been paid 30%, the property tax has also been announced in some cities to be pilot. There are also restrictions on the non-standard behavior of the development enterprise, and the tax concessions in the paction section have also been abolished.

From the perspective of policy intensity, it should be further expanded and the impact on the property market will be relatively large.

Raising the down payment by light is greater than the effect of raising interest rates, which will greatly delay the demand of buyers with rigid demand.

However, developers may also have some countermeasures, such as the whole house buying behavior is not directly constrained, and the current property market has a high proportion of buying houses.

Chen Guoqiang believes that the pressure on the local government has increased most obviously - no rules must be issued, rules must be improved as soon as possible, and high prices must be accountable.

From this point of view, the possibility that property prices will continue to rise is very small. If there is another obvious rise, we will not rule out the case of local government leading officials losing their jobs in the future.

Responsible person of a famous brand developer, Beijing company

"Some customers may check out."

Due to the upcoming opening of the project, the head of the project said that developers should face the market changes with a low profile and pragmatic attitude, while local governments should also face the central government's attitude towards the property market.

He predicted that the recent sale of property will face a downward trend in the willingness to buy after the mortgage down payment, and some people who lack enough funds will unsubscribe or check out.

Since August, the volume of pactions in the market has been mainly supported by rigid demand. The proportion of small and medium-sized apartments in hot property market is very high, and the 30% payment has hit this point. It is expected that the volume of recent pactions will decrease significantly, and the decline in prices remains to be seen.

Developers will respond at a relatively stable price in the short term.

However, he said that the regulation of real estate is also limited. "Who will build the house if we just suppress and profit?" who will supply the market in the future?