The down payment ratio has fallen to a historical low, and the central bank has exceeded expectations for "three consecutive rounds". How big is the impact?

On May 17, the reporter learned from intermediaries that after many local governments relaxed or cancelled the purchase restriction measures one after another, the property market has picked up. Some potential home buyers are also waiting for the introduction of more vigorous real estate support policies, and there is a "wait a minute" mentality. After the central bank's package of policies is introduced, it will meet the policy expectations of home buyers to a certain extent, and is expected to form a "policy bottom" for the real estate market. Experts interviewed pointed out that the central bank's package of policies is conducive to reducing the burden and cost of down payments for residents, enhancing the ability and willingness to purchase houses, and creating a more suitable monetary and credit environment for the property market to stabilize and recover from the demand side. This will also help to enhance the consumption capacity and willingness of residents, support the recovery and expansion of consumption, effectively protect and improve people's livelihood, actively expand domestic demand, and play the fundamental role of consumption in driving economic growth.