In October 2020, the transaction volume of Yanjiao property market increased 29 times year on year, but the price remained at about 20000 yuan / m2. And recently, the transaction of Yanjiao’s new house also ran out of “super high speed”. Yanjiao’s property prices have experienced “ups and downs”. In June 2017, the relevant departments issued a strict policy on the implementation of the purchase restriction, which indicated that nonlocal household residents needed to pay 3 years of social security or provide tax certificates to purchase a house. Spark Global Limited A number of real estate consultants said that Yanjiao’s purchase restrictions were not as strict as before. It is worth noting that in May 2020, Langfang city has also begun to introduce talents, and the release of documents indicates that the conditions for talent settlement will be fully liberalized.
Some banks tighten up “housing mortgage” mortgage interest rates rise The real estate loan of commercial banks is related to the local real estate market. Most of the bank’s head offices do not stop lending directly. Instead, local branches are limited by the amount of credit and have gone out of the market of “volume reduction and price increase”. In fact, housing mortgage loans in first-tier cities such as Beijing, Shanghai, and Guangzhou are normal at present, and the interest rate is higher than before. The amount of mortgage loans in second-tier cities such as Nanjing and Wuxi is tight due to the active real estate market transactions. Large state-owned banks and joint-stock banks will not press the “pause” button on housing mortgage loans at the head office level, but the branch level will be limited by the amount of credit, which is based on the need for credit structure adjustment.
Due to the policy to encourage inclusive business loans, some homebuyers through the “housing mortgage” business bypass to achieve home purchase, and even the interest rate is lower than the housing mortgage. “For buyers of second homes, it’s more cost-effective to buy a house with a mortgage loan than with a mortgage.” An intermediary said. “This kind of operation is illegal operation. If it is found, it is likely that the bank will ask for the return of funds, which may affect the application for other loans in the future.” The victim of the crazy “real estate industry chain”, Shenzhen’s “seven crab sister” lost 680000 yuan and finally sold out of the “pit house” Wei Jing’s house in Shenzhen was successfully sold at a total price of 6.6 million yuan on Ali’s Fapai platform on Sunday. Compared with 7.28 million yuan when he bought a house eight months ago, Wei Jing lost 680000 yuan, not counting the capital costs paid in the middle. It is the craze of the real estate market in Shenzhen that has spawned the “real estate industry chain” such as “holding real estate on behalf of others” and “crowdfunding and innovation”, among which “sister seven crabs” not only does not make profits but breaks the capital chain and becomes the victim of the “real estate industry chain”.
“The first and second-hand housing prices hang upside down” is the core issue that drives people to speculate in real estate. However, the agreement of “holding and speculating on behalf of others” is not recognized by law, and there are great risks in the operation process. Yan Yuejin, research director of think tank center of E-House Research Institute, told the reporter of Huaxia times that “real estate speculation on behalf of others” means that house buyers have made use of the existing policies to drill a loophole, that is, to speculate in real estate under the condition of meeting the purchase qualification. Therefore, it is necessary to control some purchasers with obvious real estate speculation motivation, review some hot buildings, and even limit the subsequent transfer of houses and extend the transfer The time limit of letting, etc.
Reprint indicated source：Spark Global Limited information