Property market, big action!Interest rates were cut directly by 20 basis points

2022-05-04 0 By

The National Bureau of Statistics (NBS) today announced changes in housing prices in 70 large and medium-sized cities in January.Data show that: in January, the sales price of newly built commercial housing in first-tier cities increased by 0.6% month-on-month from 0.1% decrease in the previous month, among which Beijing, Shanghai, Guangzhou and Shenzhen rose by 1.0%, 0.6%, 0.5% and 0.5% respectively.Previously owned homes in first-tier cities rose 0.1 percent month-on-month, the same pace as the previous month, with Beijing and Shanghai up 0.5 percent and 0.6 percent, guangzhou and Shenzhen down 0.2 percent and 0.5 percent, respectively.Sales prices of newly built commercial homes in second-tier cities rose 0.1 percent month-on-month, up from 0.3 percent in the previous month.Previously owned homes fell 0.2 per cent month-on-month, a decline of 0.1 percentage points narrower than the previous month.In third-tier cities, the sales prices of new commercial homes and second-hand homes fell 0.2 percent and 0.4 percent, respectively, 0.1 percentage points less than in the previous month.The text looked at the trouble, the sentry directly arranged into a table: from the table, it can be clearly seen: housing prices show an obvious trend of differentiation!Prices in first-tier cities are picking up, second-tier cities second, and third-tier cities are still weakening.At the same time, the recovery of new homes is more obvious than second-hand homes.In addition, the recent minimum down payment ratio of commercial loans in many places to 20%, including Heze, Chongqing, Ganzhou.Heze is not among the 70 cities listed in the statistics. Chongqing: New home prices rose 0.9% month-on-month and 8.3% year-on-year.Previously owned homes rose 0.6 percent month-on-month and 4.7 percent year-on-year.Ganzhou: New house prices rose 0.1% month-on-month, 1.9% year-on-year;Second – hand housing -0.5%, up 0.4% year – on – year.It can be seen that the housing price performance of Chongqing is stronger than the average level of second-tier cities;Ganzhou’s performance is comparable to the average of third-tier cities.If even Chongqing and Ganzhou have reduced the down payment ratio, then other cities with even more depressed housing prices have more reason to relax the property market.In particular, after Heze, Chongqing and Ganzhou lowered the down payment ratio, the central government showed no intention of intervening, which is a kind of acquiescence.Under this demonstration effect, more cities are relaxing property market regulation!The latest news today, Nanning housing provident fund loan new rules: the second suite loan minimum down payment ratio from 40% to 30%.Then guangzhou.Since February 21, the four major banks have lowered the mortgage interest rate in Guangzhou area by 20 basis points: the first suite interest rate from the previous LPR+100BP(5.6%) down to LPR+80BP(5.4%), LPR+120BP(5.8%) down to LPR+100BP(5.6%).Sentinels did some simple math. A 20 basis point reduction in a $1 million loan spread over 30 years would reduce monthly payments by 126 yuan.Affected by this, the end of the real estate stocks straight up.New home prices in Nanning rose 0.4% month-on-month in January, while guangzhou rose 0.5% month-on-month, both fairly good.Under the need of steady growth, the property market around the relaxation of regulation has become the spread of the trend, reduce the down payment ratio, reduce the loan interest rate, are the two main means!Although regulation is relaxing, but the crisis of housing enterprises has not been lifted.Late on February 18th An official announcement was made that a debt payment due in March was not expected to be repaid.Another 100 billion fujian real estate Sunny city brewing nearly three weeks later, finally replied to the Letter of concern of the Shenzhen Stock Exchange, and the situation is worse than imagined: the company can use funds accounted for less than 1% of the book funds, cash has been exhausted.In addition, the news of sunac China refusing to pay commercial bills has been revealed in the market these days…Sunac shares in Hong Kong plunged 12% today!There are a lot of housing enterprises, I am afraid that the housing market will not pick up and have to “cut meat to survive” or “sell”…For the property market in 2022, sentry’s overall judgment is: the first line up, the second line steady, three, four and five lines continue to downturn!In addition, there is another interesting news today: Beijing has included 16 items of assisted reproductive technology into the medical insurance reimbursement.In order to encourage fertility, the state is also desperate, various measures continue to be introduced.The purpose of this policy, or to encourage fertility, the first to benefit from infertility is the population.It also encourages those who have passed the prime childbearing period to have a second or third child.According to the seventh National census, the aging rate of Beijing’s permanent residents is 19.64 percent, while that of registered residents is as high as 27 percent.So Beijing should take the lead in encouraging assisted reproduction.Once there is an effect, it will be promoted throughout the country.High house price is the best contraceptive, let those who have multiple houses and don’t have the pressure of mortgage, go and have two more…