Reduce down payment subsidies and further adapt building policies

finance Yesterday 03:49 (GMT+8)
EqualOcean

In recent days, Lianyungang, Zhengzhou, Changsha, Lanzhou, Fuzhou, Changsha, Nanjing, Suzhou and other places have adjusted their property market regulation policies. According to the content of the policy, it is mainly to reduce the proportion of down payment, increase the provident fund support for the purchase of housing, reduce the mortgage interest rate, ‘adjust the scope of the purchase restriction, shorten the sales restriction cycle, provide tax incentives and housing purchase subsidies for home buyers, etc. Xu Xiaole, chief market analyst at Shell Research Institute, said recently the central bank lowered the lower limit of the mortgage interest rate by 20 basis points. In combination with the cancellation of the recognition of houses and the recognition of loans in some cities at an early stage, the request for the change of houses is implemented according to the first set of loans. Reducing the lower bound on interest rates is conducive to lowering the cost of buying rigid demand and improved demand, which should improve market transactions and accelerate house price repair .

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