Lian Ping: It is expected that the benchmark interest rate of commercial bank mortgages will be lowered accordingly in the second half of the year, leading to a further decline in the interest rates of first- and second-home loans

On July 25, regarding the real estate market situation in the second half of the year, Lian Ping, chief economist and director of the research institute of Zhixin Investment, said today that there is still room for further relaxation of policies. On the demand side, it is expected that the benchmark mortgage interest rate of commercial banks will be lowered accordingly, which will guide the first- and second-home loan interest rates to further decline. In addition, in the second half of the year, more cities may loosen restrictive policies on the property market, and gradually cancel previous restrictions on purchases, loans, and sales. On the supply side, Lian Ping predicts that relevant departments will speed up the approval of bond financing and equity financing for real estate companies to meet the reasonable financing needs of the industry, and some large cities are expected to gradually release high-quality land and increase the proportion of residential land supply.