rival real estate network releas

First, the central bank 08 times in the third year, the second rate cut this mont

People's Bank of China decided on October 30, 2008 from financial institutions to cut the benchmark interest rate of RMB deposits and loans, one-year benchmark deposit rate down 0.27 percentage point to 3.60%%; one-year benchmark lending rate down 0.27 percentage point to 6.66 %%; Other grade deposit, loan interest rate adjusted accordingly. Personal housing accumulation fund loan interest rates unchanged. This is the third time this year the central bank, the second rate cut this month.

We believe that this rate cut is still the main purpose is to prevent economic recession, the focus is on trying to ensure the economic security system, rather than the current sluggish real estate market.

Second, the rate cut on the real estate industr

1, the real estate finance companies have lower costs, but littl

Although a short period of time to cut interest rates three times in a row, but in a row to cut interest rates for corporate real estate finance charges cumulative effect is still not clear at present. We measured from the point of view, to cut interest rates to focus on the performance of the largest listed companies increased by 0.74%% of all real estate companies listed on the impact of the average net profit of 0.33%%.

2, Canada to cut interest rates to rescue the market, stimulate the purchase of some of the accumulated effect o

Cut interest rates three times in a row and up-to-date," the Ministry of Finance 10:00, "a comprehensive total, the cumulative effect of stimulating the house began to show a certain degree. If the down payment of 20%%, to buy a total of 1,000,000 houses, to take equal 20-year loan to repay the way through to the first rate cut this rate cut before and after the repayment of static comparisons, we found Lower interest rates, lower than the total amount of loan interest rates before the cumulative reduction of about 177,000 yuan, accounting for 17.78 percent of the total housing%. At present, in terms of the further stimulate the real estate consumption, a certain good.

Third, the industry is expected to point at least 3-4 times to cut interest rate

If the long-term loans fell 27 basis points each time the rate calculation, we believe that the real estate market may again cut interest rates at 3-4 after the industry began turning point. Mainly in accordance with the current 90 square meters of the main unit basis, and then going through 3-4 at a small rate cut, the total repayment costs could cut interest rates for the first time before the cumulative reduction of 10%%. This is consistent with our prior to the decline in housing prices is expected to line the space. As a result, we believe that 3-4 times a small rate cut can be more to stimulate the real purchasing power to support the level of transactions in the property market.

Fourth, investment advic

As the industry has not really coming of inflection point. Is expected as early as 2009 in the second half of the market can be a real improvement. We continue to maintain a short period of time for the industry "neutral" rating. (South East News Network)