The details of the increase in the purchase limit of housing facility bonds were announced – Tejaratnews
According to Tejarat News, Meisham Zarezadeh, Director of Financial Instruments and Institutions of the Iranian Exchange, pointed out the latest changes in the housing facility documents and stated: Previously, the ceiling of housing facilities in Tehran was 200 million tomans for individuals and 400 million tomans for couples. Now, according to the new resolution of the Money and Credit Council, the ceiling of facilities in Tehran has been increased to 400 million tomans for individuals and 800 million tomans for couples.
He announced: For cities with more than 200,000 people and in urban areas, the ceiling for buying and building housing from the place of the certificate of pre-emption has been increased up to 2 times compared to the past.
According to Zarezadeh, the ceiling of the facility to cover the cost of repairing and renovating residential units (Jaala) has been increased to 160 million tomans, which was 80 million tomans before.
The Director of Financial Instruments and Institutions of the Iran Foreign Exchange stated: With this increase in the ceiling of housing facilities, the limit of buying housing facility bonds of Maskan Bank in the market of modern financial instruments of the Iran Foreign Exchange (Tese symbols) which was previously 560 sheets for each person, will be increased to a maximum of 1 thousand. And 120 sheets have increased.
He continued: Each sheet of housing facility provides 500,000 tomans of loan for the applicants, and the interest rate of housing purchase facility is 22.5% with 12 years repayment and the interest rate of Jaala (repair/completion) is also 22.5% and repayment is five years. .
Zarezadeh pointed out: Before the approval of the 30th of June 1402 by the Money and Credit Council, the issuance of certificates of priority for the use of housing facilities was in the hands of commercial banks, and only the Housing Bank (in the symbols of Tese) and the National Bank (in the symbols of Tamli) They had used housing facilities by publishing the certificates of priority, but with the new decree, all banks and credit institutions can benefit from this possibility.
The director of financial instruments and financial institutions of Iran’s over-the-counter exchange continued: the new resolution of the Supreme Council of Money and Credit, which aims to help real buyers and consumers of housing by reducing the price of certificates of pre-emption for the use of housing facilities, creating more competition in the banking network and helping to promote the housing sector It was announced that all banks and credit institutions will be given the opportunity to issue certificates of priority for housing facilities after the approval of the Central Bank in terms of operationality and the condition of balance in resources and expenses.
Emphasizing that the policymaker has set goals in strengthening the demand side of the housing market from two aspects with this resolution, he added: In this context, the first goal is to double the ceiling of housing facilities and the ceiling of facilities to cover the cost of repairing and renovating residential units (jaala). Is.
Zarezadeh has announced another goal of this action is to reduce the price of certificates of priority right to use housing facilities by increasing the supply of these certificates by all banks and credit institutions.
The Director of Financial Instruments and Institutions of Iran’s OTC stated: The point is that what percentage of real applicants to buy housing and become homeowners have the ability to secure the effective rate of financing from this route? And the next issue is that despite the inflationary expectations, the shortening of price increase cycles, the efficiency of parallel markets, if the average price of preemptive rights decreases, how much will the attractiveness of special accounts for receiving bonds and facilities and depositors’ acceptance of deposits in these accounts be affected?
In the end, he said: due to the acceptance of certificates of pre-emption of housing facilities in Iran’s foreign exchange (in Tse and Tamli symbols) and the existence of the infrastructure for the transfer of the mentioned securities in the market of modern financial instruments in Iran’s foreign exchange, other banks can also refer to the recent resolution of the Supreme Monetary Council. and credit to benefit from this capacity in Iran’s foreign exchange.
Source: IRNA