Expert: Real estate credit tightening needs a roadmap

According to experts, the control of capital into real estate should have a roadmap, should not implement policies in a "crazy" and "equivalent" manner that affects the market.

At the seminar "Controlling capital into real estate - Policy and impact" organized by Construction Newspaper on the morning of May 11, Mr. Nguyen Duc Kien, Head of the Prime Minister's Economic Advisory Group said that tightening investment capital Investing in real estate is necessary, but it is necessary to have solutions to protect investors' interests and avoid the risk of system breakdown.

Assoc. Prof. Dr. Tran Dinh Thien, former director of the Vietnam Institute of Economics, assessed that the real estate market has been "congested" for the past 2 years and the opportunity for a boom is coming when there are economic recovery programs.

"So, will the tightening and control of capital into real estate make us miss development opportunities? When opportunities explode, will the policy approach be different than usual? Is the policy enough? bold to not only recover but also create development opportunities?", he asked.

"Stopping real estate lending is only happening locally"

Dr. Can Van Luc, Member of the National Financial - Monetary Policy Advisory Council, Chief Economist of BIDV, affirmed that the State Bank has not yet issued any official documents requesting credit institutions do not lend more than 8% for real estate.

Some banks and credit institutions recently suspended disbursement due to two problems: Those credit institutions have expired their credit growth limit in the first quarter and some projects and investors are having problems. on legal.

"Therefore, this situation occurs locally, not at many credit institutions. Thus, many projects will still be implemented," he said.

According to this expert, there should be regulations on grouping real estate segments to have appropriate credit and capital policies.

"There are guidelines, allowing the establishment of specialized real estate financial institutions, housing savings agencies, real estate investment trusts, real estate financing agencies with residential mortgages, securities real estate... At the same time, there should be an appropriate real estate tax schedule," he stated.

For real estate businesses, in addition to credit sources, businesses need to pay attention and flexibly mobilize from other channels (bond issuance, share offering to existing shareholders, construction bonds... ). Especially towards transparency and professionalism, especially credit records and securities issuance records.

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