CCTV News: Last week, the central bank lowered the personal housing provident fund loan interest rate by 0.25 percentage points to implement it. This just past weekend is also the first weekend after the implementation of the new policy. How is the market reaction? Let’s see the reporter’s visit.
At the sales office of a new property in Pingshan District, Shenzhen, Guangdong, citizens came to consult for house viewing one after another.
A salesperson did some calculations for the reporter, taking the purchase of the first commercial housing for a second child in Shenzhen as an example. If the maximum application for a provident fund loan of 2.09 million yuan and the equal principal and interest repayment is adopted, the interest can be saved by 99,400 yuan after the new policy.
In Wuhan, Hubei, the reporter visited several properties this weekend and learned that the number of people who see houses has increased significantly compared to usual. In a real estate project in Qingshan District, property consultants are calculating the changes in the monthly mortgage payments for home buyers after the interest rate cut.
On April 30, Wuhan City introduced a new policy on the real estate market, introducing 9 measures in terms of financial support, tax and fee subsidies, and family guarantees for multiple children. The reduction in the provident fund loan interest rate this time is superimposed with the previously introduced real estate market policies, releasing the combination effect and further stimulates the vitality of the real estate market. Driven by multiple favorable policies, on May 8 and 9, the daily transaction volume of newly built commercial housing in Wuhan was 257 and 243 respectively, 213% and 74% higher than the same period last year.
