lack of credit; The Achilles heel of the national housing movement – Tejaratnews
According to Tejarat News, the government’s house building plan in the form of the national housing movement has been blocked. There is no news about the construction of the defined projects, and not even the promise of delivering 500 residential units of this project in June has been fulfilled.
Meanwhile, two years have passed since the 13th government, and according to Raisi’s promise, one million housing units were to be built every year within the framework of the National Housing Movement and delivered to qualified applicants.
Experts consider many factors, including the problem of providing suitable land, to be involved in the delay of this project. At the same time, many experts also believe that this plan was non-operational and unprofessional from the very beginning. However, the lack of credit and the lack of proper liquidity allocation to housing projects, including the government’s promise, are mentioned as one of the main factors behind the projects’ delay.
The need to direct credit towards housing construction projects
Ahmad Janjan, an expert on economic issues, in an interview with Tejarat News, said about the importance of channeling bank credits towards the national housing movement plan: the category of bank credit channeling is an advanced category in the world. For mega-projects, one must have a mega-idea, and in fact, when we mention the national movement for housing, its tools are also needed.
He said: Have we solved the first issue of land supply in order to implement the national housing movement and build four million housing units? The problem of providing land has not been solved yet. In addition, have we ever considered that, for example, the volume of available ceramic tiles and the amount of cement we produce can cover this amount of construction?
Facilitation according to construction costs
This analyst of economic issues added: “The mere fact that we put credit facilities on the shoulders of banks cannot be called credit management.” The next thing is, what percentage of the housing construction is covered by this facility? For example, with a housing loan in Tehran, you can finally buy a 10-meter house; Therefore, in such a situation, the name of this facility is not a housing loan. The construction loan has the same conditions.
Janjan added: In the form of these new ideas, we should increase the amount of loans for housing. In this situation, we need a series of banking controls and monetary and financial policies to reach our goal. Otherwise, the result of these measures will only be the inclusion of news and the failure to achieve the necessary results.
The mortgage is not defaulted
This expert on economic issues stated about the default rate of housing facilities: Usually, housing facilities are returned because it has added value for the buyer and builder, and according to the inflationary conditions, the price of the housing that is bought or built increases day by day; In this situation, of course, these loans will be returned. The highest return of credit resources is on this issue of housing.
Creating economic prosperity by activating housing construction projects
Janjan pointed out: Facilitation and construction of housing is one of the productive activities. When the construction industry is launched in a big way, like Mahri Housing which happened in the Ahmadinejad government, it causes 360 related jobs and 24 to 25 related industries to grow. Factories that produce materials needed for housing construction are also prospering in the same way.
In the end, this expert on economic issues added: In addition, new houses require new home furnishings, and this issue causes economic prosperity in many businesses. But naturally, this amount of prosperity also brings inflation, so a complete package of monetary and financial policies must be implemented.
Read more reports on the housing news page.