What is the message of the 700 million Toman mortgage for the market?

According to Tejarat News, Rostam Ghasemi, Minister of Roads and Urban Development, recently submitted a proposal to increase the ceiling. Mortgages He announced 600 to 700 million Tomans for the people of Tehran. A day later, Tasnim claimed in a news item that the proposal had been approved by the Supreme Housing Council, but did not mention the final figure.

The media wrote in another news that if Mortgage 700 million Tomans If it is approved in Tehran, its monthly repayment installments are 11,600 million Tomans.

How Much Money Does a Mortgage Cover?

But how much does receiving such an amount cover the cost of buying a home? According to Tejarat News, central bank In his report of developments Tehran Housing Market In April 1401, the average purchase and sale price of one square meter of residential unit infrastructure in the capital was announced as 34 million and 200 thousand tomans.

According to the report, residential units with an infrastructure area of ​​less than 80 square meters accounted for 56.3% of the transactions. The share of 50-60 and 60-70 meter units was 15.2% each.

Based on this, Tehranians, for example, have paid an average of 2 billion and 52 million tomans to buy a 60-meter unit in April of this year. In other words, a mortgage of 700 million Tomans can be about 34% of the average House price Cover if prices are stable.

Of course, in Tehran, there are houses with a price of 75 million Tomans per square meter and apartments with a price of 15 million Tomans per square meter.

But beyond these figures, Mortgage 700 million Tomans What is its message to the market and can it support the real consumer? Mansour Gheibi, a housing market expert, believes that this figure can send an increasing signal to the market and has no real supportive aspect.

An indicator of the cost of housing

“One of the main indicators that the cost of housing in Iran is high and expensive for consumers is the rate of government support packages,” he told Tejaratnews.

Gheibi explains: A mortgage of two and a half million tomans in the mid-1970s has reached an offer of 700 million tomans in 1401. While the first amount was fixed for several years and had a greater impact on the ability of applicants to buy housing.

He continues: Gradually the cost of construction and the cost of housing exceeded general inflation. As a result, in recent years, the government has been increasing the number of mortgages in a shorter period of time to adjust the support portfolio in this area.

Consumer protection or show action?

This housing market expert emphasizes: Mortgage 700 million Tomans is more of an economic confession than a consumer protection aspect. In fact, the government decides that housing in Iran will become more expensive.

Gheibi adds: “Such facilities are not available to many real and deserving consumers due to their installments, and they are probably not very popular.” Few people can afford to buy expensive housing and repay expensive loans.

He continues: Even the recipients Mortgage 700 million Tomans will probably face problems in repaying its installments. In such a situation, the policy of increasing this loan is more dramatic than having a public support dimension.

The unseen says: 72 million people People have been subject to new government subsidies, and this shows that Income They are under 10 million USD per month. Paying 700 million Tomans loan installments is not easy for these people.

He emphasizes that the announcement of an increase in the loan amount may send a signal to the market that there is more liquidity for housing, and as a result, prices will rise. While this signal is false, it is more of a psychological aspect for home builders and sellers than it is real.

Read the latest housing news on the Tejarat News Housing Market page.