Strange statistics of vacant homeowners
According to Tejaratnews, legal entities are owners of vacant houses, mainly banks, institutions and quasi-governments, which in recent years have shown great interest in investing in the construction, construction and construction industry, and have been discussed extensively before.
The turning point in the presence of legal entities, especially banks, in the housing market and their interest in building maintenance as assets dates back to the previous period of the housing boom in the late 1980s and early 1990s, when banks and quasi-government companies began investing and building projects. It led to their independent presence in the industry.
This situation continued to the point that even some banks have devoted all their resources and focus to the development of construction activities, and this has led to the creation of numerous engineering and construction companies in the sub-bank. Companies that receive cross-lending facilities from parent banks, are actually responsible for the conversion and circulation of bank resources in the construction industry, and since the product of this process, at a nominal rather than real price, was registered in the bank’s assets, the way to They have also facilitated the concealment of the true value of the bank’s assets.
With these details, on the one hand, conditions were provided for the transfer of real estate assets to the beneficiaries and affiliates of the banks, windfall profits go to the pockets of the properties, and on the other hand, this procedure greatly increased the banks’ corporate weight due to their prominent presence in games. The price of the construction industry also caused serious damage to the end consumers of this industry. At the end of the game, legal entities, especially banks, remained, and a wealth of real estate that not only the market could not absorb, but some were built solely for the purpose of capital and were not needed by the market in the form of luxury homes.
Source: fellow-citizen
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