Banking thermometer for housing purchase; The banks don't give mortgages or the market doesn't take it? Housing market outlook: 1 Housing market loan conditions have become worse than last year. 2 In the first 7 months of the year, only 3.2% of the total payment frameworks of the banking network.
It was awarded to builders, home buyers and home repair applicants. 3 This share was 4% last year, which of course did not fit "at all" into the housing financing system. 4 The housing and construction sector attracted about 20% of banking facilities in the 1980s.
And in the 90's its share was still double digits. 5 Now, however, the financial burden of the housing market has "declined". 6. A home loan plays the role of a "stick" for home buyers.
In various countries, at least 60 to 70 percent and on average 80 percent of the "housing purchase budget" is financed by bank loans. 7 Builders can afford two-thirds of the cost they spend on housing production on bank facilities. 8 Even governments to support projects such as rental housing or renovation of dilapidated buildings, one of their main tools is "banking facilities". (Read the role of housing loans in the regeneration of Istanbul here) 9 In Iran's housing market, there is a great shortage of facilities. In the last months of this year, the real value of the purchase loan paid for the purchase of a newly built home decreased by 45%.
From this point of view, the stagnation in the purchase of new buildings is heavier than the rest of the residential units. 1 1 The real growth of construction loans also became negative at 40%. Surveys by the Housing Market Observatory regarding the reason for this negative growth in loans show: From the side of applicants for purchase loans, 3 reasons are the low purchasing power of households, the same ceiling for purchase loans that were recently built and not renovated and the relative lack of new units built on the sales market caused the real value of the loans to decrease. In the housing market in Tehran, an amount of one billion in purchase loans covers only fifteen of the price of a newly built apartment; Totally ineffective coverage. On the side of applicants for construction loans, due to "the construction recession due to the failure to sell units in the trade recession" and also "25% of the loan to cover the construction cost".
There is no willingness on the part of the builders to accept loans. But the reasons for the stagnation of loans to the housing sector also have a third party.