Certainly, the most important issue that can be considered regarding mortgage lending of 400 million Tomans and the steel market is the increase of customers’ purchasing power, which will boost the housing and steel market, and if we see a transparent market in these two areas, Competitive housing prices will see price correction and an irrational upward trend in steel and iron products.
According to the latest announcement of the Housing Bank regarding lending to buy property or land, the ceiling of facilities payable from the housing savings account has changed significantly in Tehran and other cities. This amount has increased by 60% in Tehran and has increased from 250 million Tomans to 400 million Tomans. And in the cities, it has recorded a change of 60%. This issue can be examined from the perspective of housing market developments and subsequently the steel market, and in this section we will examine the variables and drivers of this issue in the housing and steel market.
*** Mortgage of 400 million Tomans
The expectation of receiving this loan is a long-term process, in which the repayment period by the operating bank is between 5 and 15 years, and its repayment is arranged for a period of 20 years. Also, the interest rate of this facility is 9%. One of the most important attractions of this loan for the applicant is the easy entry conditions with regular payments and very low cost for the continuous continuation of deposit stations, which enables many people to receive this loan.
Payment terms in the first to the fifteenth year to enjoy the ceiling of facilities allocated to account openers in 99, respectively, start with the amount of 65 thousand tomans, and finally with the increase of the amount each year to 247 thousand tomans in the fifteenth year. In the announced conditions for receiving a mortgage of 400 million Tomans, there is no mention of the blocked account balance and the balance deposit can be withdrawn during the waiting period for receiving the loan, and only restrictions are considered in terms of the average account balance.Housing and mortgage 400 million Tomans
*** Review the current outlook for the housing market
The question that arises is why the government decided that in the current situation, facilities should be allocated to real buyers and people in need at the end of the housing purchase chain? What factors led to changes in mortgage policy? Will increasing the purchasing power of housing in the medium term affect parallel markets such as the steel trading market? And questions like these that we will answer in this section
A study of housing price indices in the two-year period ending in June 1999 shows a minimum growth of 200% of housing prices in the metropolis of Tehran. The study and filtering of supply and demand in the first six months of the year 1990 shows that this price increase is not in line with the economic analysis of housing and inflation of necessities and working capital of the housing market and consumer spending rates. The market has taken a serious distance with reasonable trading rates.
In other words, the logic of real estate transactions is not based on supply and demand, and factors that are not directly involved in this area, as false factors, have associated transactions in this area with terrible inflation. All over the world, the housing market is a stable market with the least possible fluctuations, and real estate investments are usually made with long-term goals or to increase the margin of safety of social welfare.
*** Rising dollar exchange rate as a false factor
But in recent years in Iran, the increase in the dollar rate as a false factor causes a momentary rise in housing prices in Iran’s metropolitan areas. Unfortunately, the policies in the field of housing and price analysis and the evaluation of the perspective of this field have been evaluated individually and one-dimensionally, and the result of this issue was the surprise of the people in the face of the proposed prices.
The housing market is not a one-dimensional and single market in which only the cost of construction and its development indicators are included in its cost. Rising prices in the housing supply chain, along with a significant increase in manpower costs, rising exchange rates and gold, have caused the cost of construction projects to cast doubt on the plans of activists in the field.
*** Political tensions
Political tensions are one of the main factors in the decline in housing prices. But this factor has not been able to affect the strength of the exchange rate and the cost of housing, which of course is logical. The Corona crisis was another factor influencing housing price changes. Because it disrupted the production and manufacture of milker, iron ore and other steel supply chains, and at times even created challenges in this area.
As a result, all these events moved in the direction that Sharpi housing prices experienced a sharp rise, and the loans that were offered to the final buyers of housing before the arrival of these stimuli did not solve any of their problems, and in practice these facilities were a pain for the consumer. Did not cure. Therefore, with the support of the Central Bank, the Housing Bank changed the process of providing mortgages, and it is hoped that with the proper implementation of this program, a significant part of the housing supply problems for the middle class will be solved.
*** Examine the challenges of mortgage lending
In the past, getting a mortgage has been associated with challenges that need to be examined whether these challenges will be inherited from the facilities provided for a mortgage of 400 million Tomans or not? In general, by examining the history of mortgage lending in Iran, it can be concluded that four major barriers to obtaining mortgage facilities in different periods have played a stable role. These four factors are the bank interest rate, the required guarantee. , The long process of obtaining a loan as well as the lack of sufficient liquidity It is in the banks.
However, a review of the mortgage lending method of 400 million Tomans shows that the bank interest rate at the rate of 9% is more attractive than other loan offers. On the other hand, by prolonging the waiting process for receiving the bank, in addition to creating the opportunity to provide liquidity from customers’ credit, the Housing Bank has greatly reduced the risk of not receiving a loan. Comparing the number of loans granted in 1998, it is quite clear that the old methods of providing loans have lost their appeal and the rate of mortgage loans has reached its highest level this year.
Economic analysts expect that lending 400 million homes in metropolitan areas such as Tehran could solve housing problems in the medium term.
*** Impact of 400 million housing loans on the steel market
Certainly, the most important issue that can be considered regarding the granting of 400 million Tomans housing and steel market is to increase the purchasing power of customers, which will boost the housing and steel market, and if we see a transparent market in these two areas, it will be competitive. Housing prices will see a correction in prices and an irrational upward trend in steel and iron products.
Another problem that has occupied the market participants in the field of construction is the cooperation of individuals in the form of participation in construction. At the beginning of the project, contracts were set and the duties of each partner were written in it. Instantaneous prices The possibility of fulfilling the obligations of the agreement by one of the parties has been eliminated and the construction project has been practically stopped. Since our studies show that the number of these cases is not small, it is predicted that by lending and increasing the capacity of the builder and partner of unfinished projects, it will become the final product and help balance the prices by offering it to the market.Application of ferrous materials in housing
*** ۱۰۰% increase in hardware prices in the first half of this year
The reasons for the high price of rebar, pre-purchase of hardware and currency are two rates that have a wide impact on other markets of raw materials, followed by inflation in the cost of production in various industrial groups and the cost of final products. . Although in recent months the market for steel products has experienced an increase in rates. Meanwhile, rebar prices are fueling this rate fluctuation. There is also a significant relationship between the price of rebar in the open market and the stock market index, in which case this price trend in the steel market can be predicted as a signal that has predicted hyperinflation during this period.
*** Increasing the supply of steel in the commodity exchange
The supply of steel products in the commodity exchange has almost doubled compared to the same period last year. However, the demand has also increased significantly, including ingots, sections and types of steel sheets. Unfortunately, the recovery in the market has not been the cause of this increase in demand.
Due to the prevalence of Corona, construction and implementation of infrastructure projects have decreased significantly, and according to statistics, the decrease in the export of ingots and steel products has been in the first half of this year. It can be concluded that the increase in demand is not related to consumption and exports, but due to the devaluation of the national currency, liquidity has been sent to commodity markets. For information on the conditions for receiving a 400 million mortgage, you can refer to this site.
*** Concluding remarks
From what has been mentioned, it can be concluded that as with the introduction of new mortgages, the demand for housing increases in the medium term, but despite the hyperinflation of steel products in the short term, which leads to an increase in housing prices, purchasing power is expected. People’s housing, especially in metropolitan areas, has not changed significantly. And we have to wait for additional policies in the field of housing from upstream organizations.
Artan Press
این مطلب بدون برچسب می باشد.
ثبت دیدگاه