When does the ordinary house decide to adjust its customs clearance? Consumers complain about the ordinary house | taxes | consumers

Recently, both 1-year and 5-year LPRs have been lowered by 10 basis points. After the reduction, the first home loan interest rate in Beijing decreased from 4.85% to 4.75%; The interest rate for second home loans has decreased from 5.35% to 5.25%. Some analysts believe that the LPR reduction this time is an 8-month interest rate cut, and lowering mortgage interest rates is beneficial for reducing the costs of homebuyers. However, in addition to mortgage interest rates, the high demand for adjusting the recognition standards for ordinary residential properties in first tier cities has also attracted the attention of first-time homebuyers. When will the recognition standards for ordinary residential properties in Beijing, which have been in use for 9 years, be adjusted?

Concern

The standard of ordinary residence is related to the down payment and the proportion of taxes and fees.

On June 20, the central bank authorized the National Interbank Lending Center to announce that the loan market quoted rates were 3.55 percent for the 1-year LPR and 4.2 percent for the 5-year + LPR. Previously, the 1-year LPR was 3.65 percent and the 5-year + LPR was 4.3 percent, and this time both the 1-year and 5-year LPRs were cut by 10BP, the first time this year that the LPR has been cut, as well as an eight-month rate cut.

Wang Xiaoqiang, chief analyst of Zhuge Data Research Center, believes that from the direct impact of interest rate cuts, lowering mortgage interest rates will help reduce the cost of home buyers. For example, a personal loan of 1 million yuan, a 25-year repayment period, a reduction of 10 percentage points, an annual interest reduction of 1000 yuan, and a monthly repayment interest reduction of 83 yuan will help boost buyers' confidence in entering the market. Interest rate cuts and home buyer costs are closely related, is the national easing policy commonly used means, is expected to follow there are still more favorable policies introduced.

In addition to mortgage interest rates, the adjustment of ordinary residential identification standards related to the down payment ratio and taxes has also attracted much attention. Chen Wenjing, director of market research at the China Index Research Institute, said that the current downward trend in the real estate market is gradually showing, and residents' confidence in home ownership and real estate investment is not very sufficient. On the whole, there is less policy optimization in first-tier and core second-tier cities, especially the policy restrictions on the demand for improved housing are still relatively high. As the margin of real estate sales in more cities weakens, greater policy support is needed to allow more people with reasonable willingness and ability to buy houses to enter the market.

Chen Wenjing believes that from the perspective of stable market, there is still room for policy optimization in core cities. For example, the optimization of Beijing, Shanghai and other places of ordinary residential identification standards. She said that optimizing the identification standards of ordinary houses in Beijing and Shanghai and reducing the down payment ratio and taxes and fees for non-ordinary houses will help reduce the purchase cost and purchase threshold for reasonable purchase demand. With the optimization and adjustment of policies in Beijing and Shanghai, market expectations are expected to gradually recover, and the improvement in national market expectations may also bring positive effects.

investigation

The average value of the total transaction price of commercial residential units is higher than the standard line of ordinary residential units.

It is understood that the current implementation of Beijing and Shanghai is the 2014 introduction of ordinary residential, non-ordinary residential standards. Among them, the maximum price standard in Beijing is the unit price of 39600 yuan/square meter and the total price of 4.68 million yuan/set within the Fifth Ring Road. With the rapid development of the real estate market, the current housing prices in Beijing have risen significantly compared with 2014. Among them, according to the data of the China Index Research Institute, in 2022, Beijing's fourth to fifth ring roads, fifth to sixth ring roads, and sixth ring roads The average total price of new commercial residential units is 9.14 million yuan, 6.1 million yuan, and 3.95 million yuan, which is significantly higher than the standard line of ordinary residential buildings.

According to the current standard, in terms of down payment for house purchase, the down payment ratio of the first ordinary residence in Beijing is 35%, and that of non-ordinary residence is 40%; the down payment ratio of ordinary residence for the second suite is 60%, and that of non-ordinary residence is as high as 80%. Take a 6 million yuan house as an example. The down payment for the first ordinary residence is 2.1 million yuan, and the down payment for non-ordinary residence is 2.4 million yuan, with a difference of 300000 yuan; the down payment for the second ordinary residence is 3.6 million yuan, and the down payment for non-ordinary residence is 4.8 million yuan, with a difference of 1.2 million yuan. It is not difficult to see that whether it is the first set or the second set, the down payment has a greater impact on the people with rigid needs and improved rigid needs.

In addition, the difference in purchase costs between ordinary and non-ordinary residences is also reflected in various taxes and fees such as deed tax, stamp tax, and land value-added tax. According to the current regulations, ordinary houses in Beijing are exempted from value-added tax and surtax for houses that have been sold for two years or more. Individuals will buy more than 5 years of ordinary housing for external sales, exempt from business tax. If an individual purchases an ordinary house, and the house is the only house of the family, the deed tax will be levied by half; if an individual purchases an ordinary house of 90 square meters or less, and the house is the only house of the family, the deed tax will be levied at a reduced rate of 1%.

Response

Housing and Construction Committee: Problems Reflected by the Masses Will be Considered When Studying Policies

Industry insiders believe that the original intention of the establishment of ordinary housing standards is to ensure that families with rigid needs purchase ordinary self-occupied housing. Adjusting the standard of ordinary housing is also conducive to lowering the threshold for home buyers.

Today, the current implementation of ordinary residential standards in Beijing has been as long as nearly 9 years, and there has been no adjustment. A reporter from the Beijing Youth Daily noticed that in the "interaction between the government and the people" column on the official website of the Beijing Housing and Construction Commission, there were many messages asking about the adjustment of ordinary residential standards.

Some netizens said that the first suite bought in 2017 was a 70-square-meter two-bedroom apartment, but now their family has three children, and they want to change to a larger house, but it does not meet the standards of ordinary housing, coupled with the policy of recognizing a house and a loan. This put him under a lot of pressure, saying "I can't afford to change at all".

It is also said that according to the current standards, there are very few ordinary houses in Beijing, which are basically luxury houses, and even the restricted houses are luxury houses. As a buyer who just needs to buy a house, the extra cost is very high. "The last time the non-general line was adjusted was in 2014, but now it has not been adjusted for more than 8 years, hoping to meet the housing needs of the people who just need it, and appropriately adjust the identification standards for ordinary houses".

The answer given by the Beijing Housing and Construction Commission is that it has paid attention to the problems reflected and will consider it when studying the policy, and the 2014 ordinary housing policy is still implemented. There is no new policy on the purchase of houses for three-child families. The Housing and Construction Commission is investigating the purchase situation and actual trend of two-child and three-child families. At present, there is no new policy.

Wen/Our reporter Song Xia

analysis

Appropriate fine-tuning should be made for people with rigid and improved needs.

Beijing's current standard for the identification of ordinary residential or October 8, 2014 officially announced the implementation of the version, the current standard has been used for nearly 9 years. Is the current situation the right time to adjust?

"Compared with the housing prices in 2014, the current housing prices have generally risen. Most of the commercial houses with an area and floor area ratio that meet the standards of ordinary housing are" luxury houses "because the housing prices do not meet the regulations. They cannot enjoy tax and mortgage concessions, which is not conducive to the recovery of the property market and the restoration of confidence in the property market, and is not conducive to the release of reasonable housing demand. The current situation is a good time to adjust ordinary housing standards." Zhao Xiuchi, dean of the Beijing-Tianjin-Hebei Real Estate Research Institute of Capital University of Economics and Business and executive vice president and secretary-general of the Beijing Real Estate Law Society, said that before 2014, the standards for ordinary housing recognition should be adjusted almost every three years, and should be adjusted every three years according to the law. After adjusting housing prices, more people can enjoy the tax and mortgage concessions of ordinary housing, which is conducive to the recovery of the property market, the restoration of confidence, the increase in housing demand, and the promotion of the stable and healthy development of the property market.

However, Zhao Xiuchi pointed out that the reason why the relevant departments did not adjust may be due to the unstable development of the real estate market, especially since 2014, the changes in the real estate market have been complicated and confusing, and it is difficult to determine the housing price standard. Moreover, the price limit policy and other regulations implemented since 2017 have also affected the dynamic adjustment of ordinary housing prices.

Zhang Dawei, chief analyst of Centaline Real Estate, said that the current setting of the real estate market is based on stability, especially in the current situation of the real estate market. Due to some concerns, the standard has not been adjusted. "According to the current identification standards, most of the houses are luxury houses. But the main function of this line is actually to reduce the leverage of the market and stabilize the prices in the Beijing market."

Zhang Dawei believes that at present, the vast majority of buyers in the Beijing property market make a down payment according to the standards of non-ordinary housing, and the limited competition houses currently on the market should be classified as ordinary housing, especially those within 140 square meters. The main reason for the backlog of limited competition housing inventory is also the low standard of non-general housing, resulting in most limited competition housing between the 5th and 6th rings, only 60% to 20% of loans. "The standards should be appropriately fine-tuned for those who just need it and those who need it for improvement. It can't be liberalized across the board as in Shenzhen before, it can be partially relaxed completely, or targeted to the crowd."