Where can you buy a house with a new mortgage? – Tejarat News
According to Tejarat News, on the one hand, the mortgage amount has increased, and on the other hand, some reports report a decrease in housing prices.
It was a few days ago that ISNA reported in a report about the decrease in housing prices in Tehran and the new city of Parand. In this report, this media announced that the price of housing units in Mehrparand has decreased significantly and has reached about 1.1 billion tomans from one and a half billion tomans.
Also, some apartments costing 1.3 to 1.4 billion tomans have reached one billion or less. Even some traders say that applicants can buy land for 600 million tomans.
The decline in housing prices has occurred, at least on paper, and has slowed down transactions. Before this, the market was full of buyers and the sellers avoided selling their property in the hope of increasing the price. But now the page has turned. It is said that there is a seller in the market but now the buyers are sitting hoping for a new price drop.
In the midst of this market recession, home loan has increased. The amount of this loan and Jaala loan has reached 960 million tomans for Tehrani couples and 560 million tomans for single people.
Of course, the amount of this loan in Tehran is such a figure, and in small cities, the new amount of housing loan is 480 million Tomans and the amount of Jaala loan is 160 million Tomans. That is, the loan amount for couples in a city like Parand is 640 million tomans, which can cover an important part of the cost of the house.
With this account, although you cannot buy a house in Tehran with such a loan, it seems that the amount of this loan is suitable for buying a house in the cities around Tehran, such as Parand and Pardis.
Problems of buying a house around Tehran
Of course, two issues make it difficult to get a loan to buy housing in a city like Parand. The first point is that mortgages are only granted to houses that have documents. However, most of the housing units in Mehr in Parand still do not have documents, and this issue closes the hands of buyers to buy a house and limits their choices.
The second point is high mortgage installments. Exact details about the amount of mortgage installments have not been released yet. However, Tejarat News research shows that the monthly installments of the 960 million Toman housing loan is about 19.3 million Tomans and the total repayment is estimated at 2.780 million Tomans. The amount of installments for singles is estimated at 11 million and 277 thousand tomans.
Therefore, the amount of the monthly installments of this loan is many times the minimum salary of the workers, and this issue makes the dream of owning a house unattainable for these people.
But another question that many people ask is whether getting a mortgage is affordable or not? Some people point to the high installments and the double repayment figure of this loan and do not consider it affordable. But some people believe that considering the housing inflation in the past years and the prospect of inflation in the coming years, this loan seems cost-effective.
Of course, this should also be kept in mind that according to the salary base of this year (seven million and 640 thousand tomans), the installments of this loan are not an amount that a large section of the society can afford to pay.