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The Ministry of Construction recommends giving priority to lending to real estate projects with full legality

According to Mr. Dung, over the years, the development of the real estate market is contributing to attracting resources, creating oriented assets for the economy, meeting the people’s demand for accommodation. The growth rate and structural transformation ensure social security, and at the same time make important contributions to industrialization, modernization, urban development and tourism.

Mr. Dung emphasized that the real estate market has very important contributions to the economy, closely related to major economic sectors such as tourism, finance, construction, etc. 30 professions.

In 2021 and early 2022, the supply of real estate is limited and tends to decrease, there is a shortage of social housing supply. In terms of real estate transaction prices, in 2021 the economy will have a decline due to the impact of the COVID-19 epidemic, the price of individual houses will increase by 15%… Regarding investment capital in the real estate sector, sources credit capital is 2,240 billion dong, an increase compared to 2021… Regarding real estate investment FDI from December 2021, the total registered foreign investment capital is about 31.2 billion USD…

“The real estate market plays a very important role. However, in 2021 and early 2022, the supply of real estate in localities across the country is limited and tends to decrease markedly, especially There is a shortage of social housing, housing for workers, and housing for low-income people, while housing and real estate prices have increased significantly compared to people’s income,” Dung said.

According to Mr. Dung, the real estate market is closely related and has a reciprocal influence on capital markets such as credit, securities, bond markets, foreign investment recovery, etc. The development of the market capital will contribute to the development of the real estate market. The stable and healthy development of the real estate market will ensure the stability and safety of the capital market.

Therefore, controlling investment capital in the real estate sector is an extremely important solution among solutions to help the real estate market develop stably, healthily and sustainably. Removing difficulties in capital is also a solution to promote and increase supply for the market and reduce real estate prices.

Mr. Dung said, the Government assigned the Ministry of Construction to review and assess the impact of credit on the real estate market. First of all, the Ministry of Construction requested to review all projects including 20% ​​land fund for social housing to create supply. Where the problems are, the Ministry of Construction synthesizes and proposes solutions. Accordingly, projects with full legal status should be encouraged to give priority to lending to create new supply for the market.


According to Ngoc Mai

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