Since the beginning of this year, more than 30 cities have introduced the property market optimization policy, and the interest rate of the first home loan has dropped to a minimum of 3.7%

　　After reaffirming the status of "real estate is a pillar industry of the national economy" at the central level and introducing a number of policy tools to support the smooth operation of the real estate market, in 2023, the local government continued the easing policy of the property market and continued to introduce optimization policies to promote the healthy development of the property market.

　　According to The Paper’s incomplete statistics, this year, Including Fujian Xiamen, Sichuan Ziyang, Shandong Jining, Hubei Yichang, Zhejiang Wenzhou, Jiangxi Nanchang Honggutan District, Anhui Huaibei, Henan Jiyuan, Heilongjiang Harbin, Hunan Changsha, Shandong Jinan, Jiangxi Nanchang Anyi, Inner Mongolia Ulanhot, Guangxi Guiping, Hubei Wuhan, Jiangsu Yancheng, Zhejiang Shaoxing, Liaoning Dandong, Anhui Bozhou, Guangdong Dongguan, Jiangsu Xuzhou, Liaoning Dalian, Jiangsu Lianyungang and Guangxi Fangchenggang.

　　From the perspective of policy content, it includes lifting the purchase restriction, raising the maximum amount of housing provident fund loans, adjusting the minimum down payment ratio of provident fund loans, extending consumer subsidies, increasing the amount of provident fund loans for families with many children, clearly confirming that houses are not recognized for loans, and encouraging group purchases to buy houses.

　　Raise the amount of provident fund loans in many places

　　Taking Jining, Shandong Province as an example, the Housing Provident Fund Management Center of Jining City, Shandong Province issued a notice on adjusting some policies of individual housing loans of housing provident fund on January 29, clarifying that from February 1, 2023, the maximum amount of housing provident fund loans will be increased, the standards for determining the number of housing units will be adjusted, and the minimum down payment ratio of housing provident fund loans will be adjusted. The maximum amount of double-paid employee family provident fund loans will be raised to 800,000 yuan; The maximum amount of a single employee family provident fund loan will be raised to 500,000 yuan. For families with many children, the maximum amount of provident fund loans will be raised to 800,000 yuan for the first set of self-occupied housing, and 500,000 yuan for the second set of self-occupied housing; For families with many children raising minor children, if they buy the first and second sets of self-occupied housing, the maximum amount of provident fund loans will be raised to 800 thousand yuan.

　　At the same time, the minimum down payment ratio of the first home provident fund loan is adjusted to 20%, and the minimum down payment ratio of the second home provident fund loan is adjusted to 30%.

　　Hubei Yichang Housing Provident Fund Center issued the "Notice on Adjusting the Policies for the Use of Provident Funds in the City". Since January 29th, families with two or more children in Yichang household registration can apply for provident fund loans at 1.4 times the current maximum amount (600,000 yuan), that is, 840,000 yuan.

　　Wuhan continued to implement the policy of no purchase outside the Second Ring Road. On January 13, the staff of Wuhan Real Estate Trading Center said that at present, no matter whether it is a new house or a second-hand house outside the Second Ring Road, it is not limited to purchase, just apply for the qualification to buy a house. Prior to this, the relevant staff of Wuhan Housing Security and Housing Administration responded to the news that Wuhan adjusted the purchase restriction policy outside the Second Ring Road on December 9, 2022, saying that there were new policies only for the housing fair.

　　The implementation period of housing subsidy is extended.

　　At the same time, many places continue to implement housing subsidies and preferential policies.

　　Wenzhou, Zhejiang Province issued a document saying that in order to better meet the reasonable housing needs of property buyers, individuals will continue to purchase new ordinary commodity housing and stock housing in urban areas (including Lucheng District, Longwan District, ouhai district, Dongtou District, Haijing District and Economic Development Zone) for the first time (subject to the time when the contract for the sale of commercial housing and stock housing in Zhejiang Province is signed online), and after obtaining the real estate certificate of housing, they will be given a consumption subsidy of 0.6% of the purchase price, and the implementation time will be 2020.

　　The Housing and Urban-Rural Development Bureau of Yancheng City, Jiangsu Province issued a notice on January 12, which will use the peak period of returning home during the Spring Festival to launch a series of measures to promote housing consumption. Among them, including the urban "housing eight articles" housing subsidies extended for 2 months, and encourage local sub-sectors to carry out online and offline home buyers to buy special exhibitions. At the same time, organize a group purchase online signing and accreditation activity. All localities organized group buyers to focus on the signing activities of house selection, and actively carried out the activity of "handing over the house to apply for a certificate" at the delivery site to promote the service of people’s livelihood. Organize a bank-enterprise docking activity.

　　On January 20th, official website, the People’s Government of Harbin, Heilongjiang Province, showed that in order to further promote the stable and healthy development of the real estate market in Harbin, the Municipal Housing and Construction Bureau took the lead in studying and drafting the Opinions on Measures to Further Promote the Stable and Healthy Development of the Real Estate Market in Harbin (draft for comments), which has Harbin household registration (including 9 districts and 9 counties (cities)) and conforms to the birth policy. After October 29th, 2021, families who have given birth to the second and third children will buy the first or second set of newly-built commercial housing in the 9 th district of the main city, and they will be given a one-time housing subsidy of 15,000 yuan and 20,000 yuan respectively by filing the Commercial Housing Sales Contract, my identity certificate, bills for payment of house purchase, immovable property certificate, household registration book and birth medical certificate.

　　The interest rate of the first home loan will be reduced to 3.7%.

　　In addition to adjusting the purchase policy, the lower limit of the first home loan interest rate has been lowered many times this year. According to the incomplete statistics of Zhuge Housing Search Data Research Center, after the Spring Festival, cities including Zhengzhou, Tianjin, Xiamen, Fuzhou, Zhuhai, Changchun and Shenyang successively lowered the lower limit of the interest rate of the first home loan, and a new wave of lowering the mortgage interest rate is being staged. Up to now, 30 cities have lowered the lower limit of the first home loan interest rate, of which the lowest is 3.7%.

　　According to the dynamic adjustment mechanism of the first set of housing loan interest rate policy announced by the central bank, cities where the sales price of new commercial housing has decreased for three consecutive months month-on-month and year-on-year, the lower limit of the local first set of housing loan interest rate policy can be maintained, lowered or cancelled in stages.

　　According to the data of the National Bureau of Statistics, there are 35 cities in 70 large and medium-sized cities that meet the downward adjustment requirements. According to the data of Zhuge Housing Search Data Research Center, 20 of them have lowered or cancelled the lower limit of the first home loan interest rate. It is expected that the unadjusted cities will also follow up with the downward adjustment of the mortgage interest rate. There are many second-tier cities such as Harbin, Wenzhou and Nanning. In the first quarter, the first home loan interest rate of more cities will fall below 4%.

　　On January 17th this year, the National Conference on Housing and Urban-Rural Construction was held in Beijing. The conference emphasized that 2023 is the first year to comprehensively implement the spirit of the 20th Party Congress, and we should focus on twelve aspects. These include promoting the stable and healthy development of the real estate market with increasing confidence, preventing risks and promoting transformation as the main line. Vigorously support the demand for rigid and improved housing, unswervingly adhere to the positioning that houses are used for living, not for speculation, because of the city’s policy and precise policy. We will promote the work of guaranteeing the people’s livelihood and stability, resolve the risk of capital chain breakage of enterprises, strive to improve quality, build a good house, rectify the order of the real estate market, and let the people buy houses and rent houses with confidence.

　　Chen Wenjing, director of market research in the Index Division of the Central Finger Research Institute, pointed out that in 2023, the policies on both sides of supply and demand are expected to be further improved, with the demand side emphasizing "precise policy" and the enterprise side focusing on preventing and resolving risks. On the one hand, the demand side emphasizes unswervingly adhering to the positioning of "housing and not speculating", on the other hand, it emphasizes "precise policy" to enhance the precision and coordination of policies, accurately support the demand for rigid and improved housing with greater efforts, and enhance market confidence.