Industry thinks mortgage tightening or property adjustment signal

▲ experts believe that the current property prices are too high, the housing bubble has been magnified trend. Recently, the CBRC asked the major banks to abolish the 70 percent interest rate policy of mortgage lending has been rampant. According to the reporter understand, now including the Bank of ICBC's major banks are indeed tightening the real estate industry credit policy.　　　　Many people in the industry believe that the real estate industry bubble is race, the risk of a flood, the cancellation of 70 percent interest rate concessions or a new round of housing policy adjustment signal.　　Tightening the mortgage will be a foregone conclusion recently reporter learned that Guangzhou's major banks have tightened mortgage rate 70 percent preferential policy, although some banks still think that it did not cancel or tighten mortgage interest rate preferential policies, but said that in the country's relevant interest rate policy, further refinement of mortgage rate enforcement standards, and gradually tighten the housing preferential policies. Last October, the central bank introduced preferential policies to extend the lower limit of commercial personal mortgage rates to 0.7 times times the benchmark rate of loans (ie, 70 percent). So far, the central bank and the CBRC are still maintaining the housing policy of March this year. According to the policy, the first mortgage payment minimum requirements of 20%, buy the first set of ordinary home can enjoy the mortgage rate of 70 percent discount.　　Some insiders pointed out that this policy is to promote the property market high turnover of the main supporting force. According to the comprehensive report of the financial network, the CBRC has asked major banks to tighten the credit policy of the real estate industry appropriately, including the current mortgage interest rate preferential policy.　　Senior Real Estate expert Chao Chowen pointed out that although the central bank and the CBRC have not formally issued a tightening of the relevant official documents, but mortgage preferential policy tightening is inevitable. Han Shitong, a senior real estate expert, said the central bank would be more authoritative than the CBRC's mortgage-lending policy, but so far the central bank has not commented on whether to tighten mortgage concessions. "But if the mortgage rate is tightened, it will have a role to play in curbing the continued rise in property prices," he said.　　"The real estate bubble continues to enlarge the reporter in the interview process, many people in the industry said that the current housing prices are too high, is the bank loans propped up the real estate market, bubble expansion has let the major banks of the sense of insecurity, brewing a tightening of mortgage policy, is also a necessity. The latest figures show that in October, Guangzhou first-hand residential prices rose 12.1% Year-on-year, the largest increase in 70 cities, has been the first consecutive two-month rise in the country. According to reporters on the ground, the current soaring prices in Guangzhou, a number of regional sales average price per square metre 2000~4000 yuan, individual areas rose more than 5000 yuan.　　Another from the residential land auction situation, Guangzhou recently new "King" frequency, individual plots sold far higher than the "floor price."　　Chao Chowen said that the rapid rise in property prices in Guangzhou has made the existing real estate bubble accumulate, and there is a trend to continue to enlarge. A new round of policy regulation or the rapid rise in housing prices, the bubble constantly magnified, will bring a new round of regulation. Many industry experts pointed out that some real estate stimulus policies led to a rapid rise in domestic real estate prices, real estate bubbles do accumulate, should adjust the current Chinese real estate policy, especially to cancel part of the short-termReal estate preferential policy.　　More experts boldly predicted that a new round of the property market control policy or will be. According to the Shanghai Securities Daily, Yixianrong, director of the Financial Development Chamber of the Chinese Academy of Social Sciences, said that the outbreak and spread of the international financial crisis led to a sudden reversal of China's real estate market policy, making the real estate market a rare opportunity for rapid development.　　Thus, the real estate market has been the rational adjustment "stopped short", and led to the Chinese real estate market is facing the existing bubble continues to blow the great risk.　　According to a study by Professor Liu Minquan of Peking University, as at the end of 2007, the price of real estate in China deviated from its long-run equilibrium price, and the real estate market has accumulated a lot of bubbles. Yixianrong that, if 2009 years of relevant statistical data analysis, it can be expected that the current Chinese real estate market bubble is certainly greater than 2007. "China's real estate market has been facing a more obvious real estate bubble, in order to avoid further blow to the real estate bubble, should immediately abolish the current, extremely favorable part of the real estate policy, so that the domestic real estate market can return to normal or return to rationality, so as to ensure the sustainable development of the domestic real ”