InternationalInternational Economics

The parliament is pursuing the implementation of the housing production surge law/ the role of banks in the disorder of the housing market


According to the economic reporter of Fars news agency, housing construction in the last 9 years did not have favorable conditions and a review of construction statistics and instrument, It clearly shows this issue.

The stagnation in construction will lead minds to the reason of this problem. In this regard, it is important to check the amount of payment facilities of banksthe most The stagnation of the housing construction market in the country is revealed. In a situation where according to the comprehensive housing plan, the annual construction of 1 million housing units from 1395 to 1405 has been raised as a need to regulate the housing market, but during the past years, at best, between 300 and 350 thousand residential units have been put on the market. .

In this regard, the analysis of the payment facilities of the banking system shows that the share of the industry sector has been almost constant in the last 10 years, and the share of the agricultural sector has decreased slightly, but unfortunately, the share of the housing and construction sector has gone from about 17% to 6%, and on the contrary The share of service and commerce sector has increased from 42% to 56%.

In other words, the stagnation in housing construction followed by demand pressure disorder The market, the most important need of the people, has accepted a direct effect of the reduction of payment facilities of the banking system as the most important driver of construction financing.

In this connection, Parvaneh Aslani, Director General of the Economy and Housing Office of the Ministry of Roads and Urban Development, believes that if we look closely at the statistics related to the field of construction, we will find that the construction of housing is directly related to bank facilities and whenever the share of this facility is provided by the bank We have seen a decrease in housing production.

* Decreasing share of housing from banking system facilities

The issue of non-payment of housing facilities occurs in situations where end of In 1998, the Council of Money and Credit as excellentthe most The decision-making department of the banking system had informed the banks to allocate 20% of their payment facilities to the field of housing construction.

In this regard, Mahmoud Mahmoudzadeh, the Deputy Minister of Housing and Urban Development of the Ministry of Roads and Urban Development, criticizes the performance of the banking system and says that, unfortunately, contrary to the emphasis of the President, the Minister of Roads and Urban Development, and the Governor of the Central Bank, not only the provision of 20% of the bank’s facilities to the housing sector was not realized. Rather, this statistic decreased from 13.5% in 1997 to only 7% in 1998, and in the first 9 months of 1999, it decreased to the lowest level in the last 10 years, i.e. less than 5%.

At Such The situation where the country’s banking system has not shown interest in paying for housing construction facilities and prefers to give its financial resources in the form of short-term facilities to the non-productive sector of the economy, it is not clear that the future of the housing market without construction financing and following it In what direction is the reduction in supply directed?

*Banking system Obliged To pay for housing construction facilities

Perhaps you can imagine by reading the report so far, this issue is caused by a legal vacuum. If you have such an idea, it is better to know that the people’s representatives in the Islamic Council, with a detailed assessment of the reason for the failure to fulfill the government’s housing promise in the form of the Housing Production Jump Law, notified the central bank of the issue of financing the construction of residential units as a task.

Based on the details of the implementation of the housing production surge law, Increasing the ceiling of the national housing movement plan from 100 million tomans to 450 million tomans for the city of Tehran, 400 million tomans for other big cities, 350 million tomans for provincial centers, 300 million tomans for other urban areas and 250 million tomans for rural areas. per unit, as well as increasing the repayment period from 12 years to 20 years and paying 20% ​​of the payment facilities of the banking system in total, is considered as part of the obligations of the banking system.

*Majlis continues to implement the housing production surge law

The issue of paying facilities for housing construction is so important that the Islamic Council has so far made several follow-ups to implement this law.

In this regard, Mehrdad Guderzund Chegini, a member of the Parliament’s Consolidation Commission, believes that increasing the share of housing from bank facilities plays an important role in increasing the production of housing and then reducing the price of this consumer product for households. A percentage of the total bank facilities should be allocated to the housing sector.

On the other hand, Mojtabi Yousefi, another member of the Parliament’s Consolidation Commission, pointed to the issue of creating employment due to the construction of 1.2 million housing units per year and said: If we are looking to reduce housing prices and overcome the economic recession prevailing in the country, housing construction should be supported because Housing Propulsion It is Iran’s economy and allocating facilities of 360 thousand billion can create employment for 3 million people in the country.

Also Seyyed Shams Al-Din Hosseini, a member of the Parliament’s Program and Budget Commission, referring to Note 18 of the Law on Consolidating the 1400 Budget and directing 360 thousand billion Tomans of bank facilities to the field of housing construction, believes that due to the connection of the housing sector with other small and medium industries, there will be a boom in this market. , it leads to economic growth and prosperity, that’s why we believe that the housing sector should be supported.

It should be noted that the issue of follow-up by the parliament is still ongoing and on August 11 at 11 am, the civil commission of the parliament will host Rostam Ghasemi, Ali Salehabadi and Masoud Mirkazemi to demand the implementation of the law on the jump in production and supply of housing.

* The payment of tsihilat is equivalent to 11% of the legal obligation of banks

Despite the follow-up of the representatives of the people, until this moment, less than 110 thousand residential units have been paid Facilities It was concluded by Maskan Bank and the statistics of other banks in the payment of facilities are not known.

In other words, despite the passage of 5 months of the year, while financing the construction of one million housing units is the legal duty of the banking system, less than 110,000 housing units have managed to obtain financing contracts.

On this basis, it should be seen in today’s meeting of the civil commission whether the government will return to the track of housing construction with the strict implementation of the law, or whether it will continue to witness continuity We are in the current situation.

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