Ji'nan pawnbroker: millions of real estate can only be now 400 thousand yuan
newspaper news (reporter Bushman correspondent Wang Guangying), reporters from Shandong, Ji'nan part of the pawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnpawnth of Ji'nan, Ji'nan Water dropped to below 50%, and the market value of millions of houses can only be $400 thousand.
"last year, the market price can still be worth about 1100000 yuan. This year, the assessment price of the pawnshop is only 900 thousand yuan." Mr. Liu, who is in the home building business in Ji'nan, is in urgent need of a turnover fund, and wants to save his own real estate pawns. It is not expected that less than a year, the amount of mortgage loan is shrinking.
"according to the regulations, we have stopped accepting the real estate pawn business of the real estate development enterprise, the price of the property evaluation of the trade enterprises and individuals also declined." In February 20th, Mr. Lu, the head of the business, told reporters that the risk of real estate pawns increased with the tightening of macro policies and bank financing. At present, the commercial housing pawn for the real estate development enterprises has stopped, and only accept the real estate business and the property owned by the individual. And if the property is pawn, there are at least two sets of real estate, and the maximum period is six months, the shortest is five days.
Mr. Lu said that compared with the previous two years, the valuation and discount rate of the mortgage of property pawns have also been downgraded because of lower price appreciation in real estate. If the market price drops by 500 yuan per square meter, the valuation of the pawn shop will drop by 1000 yuan, and the discount rate will be reduced from less than 60% to less than 50%.
for example, the second-hand house price near the Quancheng Square is around 10 thousand yuan per square meter, the evaluation price is generally below 8000 yuan, the discount rate is calculated at the highest level of 50%, the house pawn of 100 square meters is estimated at 800 thousand yuan, and the amount of the loan is not more than 400 thousand yuan after the discount.
Mr. Lu believes that as the central bank reduces the deposit reserve ratio, this situation may change in the future.