What is the cause of the increase in housing bond prices?
According to Tejarat News, the stock exchange experienced a growth of more than seven thousand units today and stood at the level of one million 281 thousand units.
Mortgage bonds have jumped in price in recent months. At the end of today’s transactions in the capital market, the price of each sheet of Tse housing bonds related to November of this year has reached more than 165 thousand tomans.
The mortgage is 280 million tomans for a single person in Tehran and 480 million tomans for a couple. To get a loan of 280 million Tomans, you have to buy 560 bonds with a final price of more than 92 million Tomans. The cost of receiving this loan for couples is estimated at 158 million tomans.
Currently, mortgage applicants can buy bonds in installments until the end of March, ie the cost of the loan is 46 million tomans for singles and 79 million tomans for married people.
Is the stock market growing emotionally?
Maryam Mohebbi, a financial markets expert, told Tejarat News: “More investors’ desire to buy a house, especially a first-time home, has led to an increase in T-bills.”
He explains: “Housing prices have not changed much in the last few months, and this is the reason why shareholders welcome housing securities (TSE).”
“These securities seem to be more consumer than investment,” says the financial market expert.
Referring to the rise in the price of TSE bonds, Mohebbi says: “In a situation where other markets, such as the stock market, the dollar car, are not growing as much, the prospect of a market like housing can slightly boost demand.”
The financial markets expert emphasizes that the increase in TSE prices has no effect on stock exchange transactions.
Mohebbi predicts market transactions as follows: There is no expectation of significant growth and decline in the stock market. Positive signals of negotiations can be applied in the form of excitement in the market. But the market will not grow much in March.
Read the latest stock market forecasts every day at 5:00 PM on the Forex Trading News page.