Is buying a house meter risky? A new way to finance construction
Buying a home has become an almost unattainable dream for many middle and lower class families, according to Tejarat News.
According to various statistics, buying a house for the middle class in Tehran takes at least 77 years.
For the lower deciles this period may be as long as 178 years; Provided they save almost all of their income.
If households are to save one-third of their income to buy a home in the future, they will have to wait about three centuries to buy a 75-meter house.
Buy a house meter!
In this situation, news has been published in cyberspace that tells about the joint purchase of a house meter.
In this method, people buy the house as a partner and as much as they can, which can be, for example, four meters from one apartment for each person.
It has existed for a long time
Mustafa Gholi Khosravi, president of the Union of Real Estate Advisors, says: “The purchase of a property partner has existed for a long time and is still being done.”
In an interview with Tejarat News, he added: “Buying a house meter has no legal problems, but it has not increased significantly in recent times.”
According to the union activist, people may partner with each other and buy one dong, half dong or even less.
A way to finance construction
The metric pre-purchase method is now used to finance housing projects, but some cyberspace users believe it could have legal consequences for the buyer.
For example, if the property has a legal problem, then the multiplicity of readers and people involved in the case may create problems.
The legal mechanism is not clear
Borzoo Haghshenas, a financial markets expert, also believes that the legal mechanism of financing through pre-purchase of property metrics is still unclear and could have legal consequences.
“It could be scam projects and buyers get involved in time-consuming legal issues,” he told Business News.
According to the lawyer, even if people sincerely intend to finance their construction, buyers may face legal challenges with each other in the future.
Buy housing meters in the stock market
The capital market also unveiled a plan to sell a meter of housing in September this year, but has not yet implemented it.
Khosravi, president of the Union of Real Estate Advisors, believes that people do not welcome the plan.
“Buying a house meter on the stock exchange is very risky and not highly recommended,” he told Tejarat News.
According to him, the property has different quality and price in different areas and streets and, like some other goods, cannot be offered in the capital market.
Profit for both parties
On the other hand, a lawyer, a financial market expert, considers the launch of housing investment funds on the stock exchange a good plan.
“This method has been implemented in other countries and has positive effects,” he told Tejarat News.
The financial market expert adds: In this plan, both the seller and the buyer can benefit. The seller provides the financial resources he needs, and on the other hand, micro-capitals can also invest in the housing sector.
All markets are risky
“Usually, some stakeholders oppose new ideas and designs, but developers can introduce their projects in the capital market that have been approved by the Exchange Organization, and this reduces the risk of participation,” he said.
According to him, investing in all markets is risky and people can not enter a market that is 100% profitable.
Read the latest housing news on the Tejarat News Housing Market page.