Someone is watching, 10 days after the policy of "buying a house but not a loan" in Beijing: Some people buy a house the day after the policy is implemented
Recently, the Ministry of Housing and Urban Rural Development, the People's Bank of China, and the State Administration of Financial Supervision jointly issued a notice on optimizing the criteria for determining the number of housing units in personal housing loans. On August 30th, the Guangzhou Municipal Government issued a notice to optimize the criteria for determining the number of housing units in personal housing loans in the city, and the policy of "recognizing a house but not a loan" was officially implemented. Shenzhen also announced the implementation of the "house recognition but not loan recognition" policy from August 31st.
On August 31st, the People's Bank of China and the State Administration of Financial Supervision issued a notice on adjusting and optimizing differentiated housing credit policies, as well as a notice on matters related to reducing the interest rate of first-time housing loans, once again sparking intense discussions about the real estate market. On September 1st, Beijing and Shanghai also began to follow up on the implementation of the "house recognition but not loan recognition" policy.
Since the implementation of the "house recognition but not loan recognition" policy in Beijing for ten days, Red Star News reporters have interviewed employees of multiple real estate agencies and Beijing residents who are interested in or have already purchased houses. In the past ten days, some people have chosen to buy a house, while others continue to wait and see about the loan interest they will bear in the future due to concerns about a decrease in down payment.
The second day after the implementation of the policy of "recognizing houses but not loans"
Someone bought a house and settled down in Beijing
Da Sen, a broker at a real estate agency in Beijing, said that he had heard in August that Beijing may implement a "house recognition but not loan recognition" policy, but it was not until September that his work became busy as the policy was being implemented.
Da Sen told Red Star News that some regions have actually started to raise prices, which has not been seen in two or three years. A new house has a record price, for example, a certain property may have a record price of 53000 yuan per square meter. When it was difficult to sell before, the developer would give some special offers, disguised as price reductions and discounts, but now this situation is indeed decreasing.
When talking about his recent work, Da Mori said that the number of viewing rooms in the area he is responsible for has increased, and most of the people are looking at essential two bedroom, one living room rooms priced around 5 million yuan. And this increase is not only reflected in the real estate market in Beijing. Many people search for agents on the app of intermediary companies because Da Sen's rating is relatively high. On the day of the reporter's interview, he received customer inquiries from cities such as Harbin, Wuhan, and Hefei. After chatting for a few words, everyone realized that Da Sen is not responsible for their city. "But it can also be seen that the real estate markets in various regions are beginning to show signs of recovery."
Da Sen stated that the implementation of policies such as "recognizing houses but not loans", especially in cities such as Beijing and Shanghai, has actually provided many people with more choices. "For example, in the past, it was not very willing to change houses in this area, or in other words, it was not possible to change houses in this area, because changing from a two bedroom apartment to a three bedroom apartment in a residential area, especially in the city, may have been worth 5 million yuan, and the house you want to change may have been worth 8 million yuan, with a middle difference of 3 million yuan that you cannot afford. However, now that this policy is in place, more loans can be borrowed and you may be able to afford to change houses, so there will definitely be some people who want to change houses. In addition, some people with a strong need to buy houses will also take advantage of this opportunity to buy."
Mr. Wang has been working in Beijing since graduation and already has the qualification to purchase his first home. I have always wanted to buy a house in Beijing, but because I had a loan record in another city before, the down payment ratio was high and he couldn't afford it. Therefore, I have been watching and often take some time to visit the house on weekends. And this time, he finally waited for the implementation of the "house recognition but not loan recognition" policy in Beijing. After discussing with his family, he contacted the intermediary the next day to sign a purchase contract. He sighed, "No need to wait any longer. Finally, we can settle down in Beijing."
Both buyer and seller:
Every time I go to see a new house, my mood is very complicated
Ms. Ye from Changping District, Beijing, stayed in Beijing to work after graduating in 2015 and bought a house in Changping two years later. Due to concerns about the education of the children at home, she wanted to replace the house and finally booked a new one last month. However, the old house has been looking for buyers. Ms. Ye said, "Every time I go to see a new house, my mood is very complicated."
Ms. Ye explained that buying a house is because the community she wants to buy has already been well considered and has been waiting for a more suitable time. On the one hand, I want to wait for my house to sell, and on the other hand, I hope the housing prices in the community can continue to decrease. Later, there was a house that was already promising, and the agent said that the owner could lower the listing price by more than 200000 yuan. Because she has been looking at the house in that community for almost half a year, she feels that this house best meets the requirements in terms of location and floor, and the price is also the lowest in the community in the past six months. In addition, the owner has agreed to a 7-month cycle, so she decided to pay the deposit first.
Ms. Ye expressed her concerns to Red Star News. After the policy was introduced, she thought that her house might sell better, but in reality, it did not; On the other hand, there is also concern that the homeowner who replaced the house may backtrack, as they only paid a deposit of 50000 yuan at that time. The real estate agent also told her that after the policy was implemented, several homeowners who were in talks became more assertive. However, the homeowner who bought the house is quite good and has no other ideas. The previous agreement was to pay the remaining 250000 yuan deposit next Tuesday. After paying all the deposit, we can completely relax and wait for the remaining part of the house payment and transfer in February next year. The current task is to make every effort to find a way to sell one's own apartment, as it belongs to an old and dilapidated school district and is not easy to sell.
For this situation, real estate agent Daimori explained that it definitely exists and is not uncommon. With the introduction of policies, the expected trading volume will definitely increase, but the specific situation still depends on the sector. He gave an example to Red Star News, where a colleague called him last week and told him that the market he was responsible for had been particularly good lately. If there were customers who recommended him quickly, he would definitely be able to secure a contract. But in reality, the situation around him is that the house is still not selling well. Different regions have different feelings, especially for some homeowners who sell a house in a very cold area and then switch to a particularly popular area, the feeling is very agonizing. He may have missed out on one property after another over there, but if he can't sell it now, it will actually be particularly uncomfortable, feeling like it's a cold winter on one side and a hot summer on the other.
Some people hold a cautious attitude:
As long as we have the ability, we will try our best to minimize loans
Da Sen said that in the past one or two years, the housing supply in the Beijing market has increased. What customers can clearly feel is that you are looking at more and more houses, and there may be a cheaper house on the market today and a cheaper house tomorrow, so the decision-making heart is not as firm, and the decision-making time will be very long. With the growth of housing resources, many homeowners who are eager to sell can only lower their prices.
He explained, "Because there are actually no good ways to sell a house. If you want to sell it as soon as possible, you can only lower the price, so in reality, the situation has been declining in the past few months. There are some small real estate companies around you that have all been sold during this period."
When it comes to online reports about more than 1000 second-hand housing transactions in Beijing on September 2nd, Da Sen said that after the new policy was implemented, the transaction volume has increased. However, the data on this day may be quite unique and may not truly reflect the market's sentiment. "It may not be comparable to the same level in earlier years, but it is definitely much better than the previous months of this year."
Da Sen mentioned that the real estate market is actually a line. If we look at it as the stock market, it may be the bottom before the policy is implemented. After a very favorable policy, it will definitely move upwards. Therefore, many people, especially those who already have the purchasing power, will feel caught off guard, just like when a supermarket just opens, customers must be rushing forward. As for what special prices are inside and whether they are really cheap, it is actually unknown. "So there will be a small peak at the beginning, and many people will rush forward like this, especially in some popular layouts and locations."
However, Daimori said that in suburban areas and other areas, many people are actually selling houses, so buyers don't need to be so anxious. "Anyway, the community is selling houses every day."
In addition, Red Star News reporters have found that although the policy is beneficial for many homebuyers, many people still hold a reserved and cautious attitude when buying a house.
Ms. Li has been working in Beijing for more than ten years and had a plan to buy a house. However, she happened to catch up with the policy, so she took this opportunity to quickly sell the house. However, when it comes to buying a new house, she said, "Although I did pay less on the down payment, we don't want to borrow so much either. The pressure of repayment will be greater in the future, so we also want to calculate how much down payment I can bear in the end."
Ms. Wang, who has a replacement demand for her child's education, also said that she had originally considered buying a house in Haidian District, but after several struggles, she gave up, fearing that no one would buy a house in the future. "In this situation, as long as we have the ability, we will try our best to reduce loans."
