Shrinking capital, real estate and goes?

07/02/2017   Viewed: 664
Financial Supervisory Commission said that in 2016 the National Credit 18% -19% growth, including real estate credits (real estate) is estimated to increase by 12.5% ​​compared to the end of 2015.
 
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Shrinking capital, real estate and goes?
 
However, consumer credit rose sharply, including nearly 50% focused on the real estate sector shows that funds in this sector are enormous and require close monitoring.
 
Financial expert, Prof. Dr. Nguyen Thi Mui said that consumer credit growth but more related to real estate will potentially risky for credit institutions. By funds of credit institutions are mostly short-term and non-term, accounting for nearly 90%, while consumer loans in the real estate sector has a long duration.
 
"If due, for many reasons that investors and individuals related to real estate loans are not paid back in time, it will increase the overdue debt, bad debt. This will increase liquidity risk for the credit institutions and the economy, "- she explains Hare.
 
At the same point of view, the economic expert, Dr. Dinh The Hien said credit sources are considered to have a decisive role to develop the real estate market with an estimated 70% of the capital structure -80% of the value. But this year the capital will be difficult and narrow than in 2015-2016.
 
Hien stressed: "Although the commercial banks which provide still the most important source of capital for real estate market this year. But with the credit squeeze of the State Bank, plus all other mobilized capital sources not favorable ... showed capital flowing into this market will be difficult. "
 
Besides, a number of financial policies related to the property have been discussed, if applicable, will also make it difficult for the development of the property market in general and the housing market in particular. For example, being able to be taxed a second home on, or some of the recommended tax increases and land in the city and urban areas.
 
However, Hare said she still has a chance to develop the real estate market, especially in the segment of social housing, commercial housing average price or intermediate housing segment. The segment is still growing well with the conditions the investor has the financial resources, able administrator and respected.
 
Sided with the investors, said Nguyen Vu Bao Hoang, General Director of JSC Thu Duc Housing Development (Thu Duc House), said second segment, the apartments on the lower price of 1.5 billion and Land background will maintain market leadership position. Because the apartments cost around 1.5 billion segment of the market mainstay for many years, to meet the needs of the majority of real consumers. Availability of land, especially those close to the city center, convenient transportation increasingly scarce while demand is huge.
 
HCMC Real Estate Association (Horea) has warned segment luxury real estate market has shown signs of oversupply. 2016 appears far more projects that focus on the west coast route from Saigon River Nguyen Huu Canh Van Don terminal with an estimated 20,000 apartments and more projects within the city. These projects compete with each other and crowding out projects in new urban areas, do appear oversupply.

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