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        Shanghai and other hot property market upgrade credit limit


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China in October to open a new round of real estate policy contraction continues, first-tier cities in Shanghai once again raise the threshold of credit, introduced the history of the most stringent property market regulation and control policy, Tianjin has also increased the first set and two suites down payment ratio, and Wuhan, Shenzhen, Further tightening policy. Hot city turns over control, transmission decision-making layer to curb asset bubbles determination.

Analysts expect the control upgrade will continue to suppress the bullish expectations of the property market, demand will be suppressed by the transaction will be hovering in the low, house prices may be a slight pullback potential; and tightening of funds for developers, it means that the long-term land market is expected to gradually high fever smooth.

"Overall, is not particularly surprising, but the point in time a bit unexpected." German economist Zhou Hao on the Shanghai property market, said the New Deal, one of the most important policy adjustment is the definition of the second suite.

Shanghai last night issued a notice, decided today, the residents of the family to buy the first set of housing applications for commercial loans to adjust the ratio of the first payment of not less than 35%; the same time, two suites commercial loan subscription criteria, identified as recognition loan.

"This is part of China's macro-prudential policy, but more importantly, it conveys the Chinese decision-making from the real estate to the spread of goods from the asset bubble is very worried.We believe that China's policy tone will not be so positive next year's theme is To the bubble of the year. "Zhou Hao said.

According to the above notice, in Shanghai without housing but a commercial housing loan records or provident fund housing loan records, as well as in the city already has a set of housing households apply for commercial individual housing loans, the purchase of ordinary housing, the first payment The proportion of not less than 50%; purchase of non-ordinary housing, the first payment ratio of not less than 70%.

Song Hai, general manager of Shanghai real estate company that compared to the purchase of two years earlier this year, five years for five years, the impact is not necessarily so violent, mainly on the two sets and a greater impact on many loans, "more Is to developers, markets, buyers show the government 's close attention to real estate regulation and control of the determination.

He said that from the point of time, the general end of the mortgage is not active, even if there is no control policies, many banks to the end of the mortgage is not necessarily a quota, choose this time the introduction of policies may also do not want too much impact on the market.

Tianjin, another municipality, yesterday also said that further adjustment differential housing credit policy, the residents of the first suite down payment ratio from 20% to 30%, two suites down payment ratio increased from three into four into. Earlier, Wuhan, Shenzhen, Xi'an and Nanjing and other places have also strengthened the purchase of credit limit measures, such as Wuhan, the local people to prohibit the purchase of the third city in the main city, Shenzhen raised the proportion of down payment housing provident fund.


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