Friday, August 20, 2010

Local policy is the key to improving home loan policy

10 new countries have entered the full implementation of the stage, trading volume fell sharply, making a rapid transition from a seller's real estate transaction to a buyer's market. The difference of price movements as the difference between real estate lending policy of the same, with the general direction, will have to see the local mean.
The difference of price movements as the difference between real estate lending policy of the same, with the general direction, will have to see the local mean. Right now, Beijing, Shenzhen, Hainan, Qingdao, Tianjin has been made available real estate lending policies of local implementation details, in addition to consistent implementation of central policy, put on the mortgage loans were cautious. The cities, Beijing, Shenzhen has been suspended for more than home loans to purchase a third set; Hainan implemented home contract for the sale of goods online contract system, 10% of the land transfer to the affordable home construction projects tilt; Qingdao on the ordinary commercial home tax gross interest rate from 15% to 20% of the real estate business development of non-ordinary residential (including villa), and the warning sings of non-residential land value-added tax rate of 1% adjusted to 2%.

10 new countries have entered the implementation stage, watching the market trend will definitely clear a lasting game. But until then, local government rules are considered "other shoe" has yet to landing. As Mu Qian, Chu Beijing, Qingdao, Shenzhen and other Shaoshudiqu Yi Fang Dechan Daikuan policy Shishixize introduced, few have introduced Shi Jian disclosure policy areas. Market participants believe that the effect of policy forecasting and policy ground not unrelated to the timing, especially in price sensitive areas in particular.

Real Estate New Deal released a full month later to the city line, led by real estate market jittery. Volume indisputably fallen sharply, making a rapid transition from a seller's real estate transaction to the buyer's market. However, Hengda Real Estate property in the control policy in the first round of price cuts, other developers are not signs of a large number of follow-up. Even in the first-tier cities, second-hand home market trading prices are still "strong", market watchers were happy to call it "dying."

Shanghai, also published last week came the news of home ownership tax, a move known as "the most stringent regulatory policies of local real estate." If the introduction of home ownership tax Shanghai, will fight against real estate speculation and investment, real estate prices will appear loose, which is almost consistent with the market to judge. However, a real estate Shanghai Institute of Syndicated news Yanjiu Bu Minister Yang Hongxu Ren Wei, Shanghai property of non-self-Shui Zhu Xing Zhen Dui Owners of multiple high-end You Qi is the luxury of speculation off, Jia Su Qi selling through taxation, so that more inflow market to play a role in home prices, "then property tax on only a temporary policy." Real Estate Agents shared the view that home tenure tax if the answer is yes, on second-hand home transaction will have some impact, "a group of that time should be added in the high-end second-hand home market, the vacancy availability, so wait and see mood now though strong, but prices were 10% -15% of the market is quite acceptable. "

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