Consumer Staples, Real Estate, Financials Jun 08, 2022 10:54 PM (GMT+8)
The people's Government of Henan Province issued the notice on the implementation of the package of policies and measures to stabilize the economy in Henan Province, involving 155 specific measures in 10 aspects. In terms of promoting the steady and healthy development of real estate, the notice mentioned that the real estate consumption was effectively promoted. We will support all localities to study and introduce policies and measures to promote the virtuous cycle and healthy development of the real estate industry based on local conditions. As the city implements differentiated housing credit policies to better meet the reasonable credit needs of individual housing consumption, in cities that do not implement purchase restriction measures, the minimum down payment proportion of commercial individual housing loans for resident families to purchase ordinary housing for the first time is 25% in principle, which can float downward by 5 percentage points in various regions.
This text is a result of machine translation.