First-time home loan interest rates in cities such as Hangzhou, Nanjing, and Suzhou have returned to the "3" level. The interest rate for provident fund loans may be even further reduced due to inversion.
Hangzhou, Nanjing, Suzhou and other places have successively adjusted mortgage interest rates. Industry insiders believe that in the current stabilization trend of the real estate market, cities raising the lower limit of mortgage interest rates have a certain significance as an indicator.
Daily real estate industry updates summary (2024-11-07)
A bank of china employee in the Guangzhou area told reporters that the branch has received a notice stating "the new mortgage interest rate shall not be lower than 3%". Starting from November 7th, the new mortgage interest rate in the Guangzhou area will be implemented at 3%.
The Hainan Province has optimized the loan purchase policy for "Nei Fang": no longer distinguishing between first-time and second-time housing, the down payment for housing is not less than 15%.
Hainan Province's seven departments jointly issued a notice aimed at optimizing the housing loan policy to enhance market vitality. According to the notice, commercial individual residence loans will no longer distinguish between first and second homes, with a unified minimum down payment ratio of not less than 15%. The adjustment helps reduce the down payment pressure on homebuyers, increase the willingness to purchase residences, and thereby stimulate market demand. For residents who meet certain criteria such as families with multiple children, if they have already paid off the corresponding housing loans under the name of the city or county and apply for a loan to purchase a residence again, banks will carefully determine the down payment ratio and loan interest rate based on the borrower's repayment ability and credit situation. In addition, the notice also addresses the residential properties on newly supplied land.
Shanghai Lianjia Research Institute: Last month, the second-hand housing transaction volume increased by 57% month-on-month, reaching 71.7 billion RMB.
According to the monitoring data of Lianjia Research Institute in shanghai, in October, a total of 0.022 million second-hand houses were sold in shanghai, with a monthly growth of 63% and an annual growth of 68%; the transaction amount reached 71.7 billion yuan RMB (same below), with a monthly growth of 57% and an annual growth of 65%; the average total price per unit is 3.25 million yuan, with a monthly decrease of 4% and an annual decrease of 2%; the average transaction price per square meter is 39,179 yuan, with a monthly decrease of 3% and an annual decrease of 4%.
In response to the unusual market movements, mainland real estate stocks generally rose, with World Trade Group up 20%, driven by two departments expanding and improving the efficiency of the whitelist projects.
Mainland real estate stocks generally rose. As of the time of publication, World Trade Group rose by 20%, r&f properties rose by nearly 17%, sino-ocean gp rose by 11.76%, ronshinechina rose by 12.7%, sunac rose by 9.6%.
Express News | Bank of China has issued a notice: the new mortgage interest rate in Guangzhou must not be lower than 3%.