85570
Call for More Housing Liquidity
Call for More Housing Liquidity
Monday, April 30, 2018

Call for More Housing Liquidity

Monday, April 30, 2018

Call for More Housing Liquidity

A member of Majlis Economic Commission has called for more liquidity to be directed toward the housing sector, saying that although mortgage rate cuts are likely to help boost the sector’s growth, there is need for a shift in policymaking so that liquidity would find its way toward this sector. Massoumeh Aqa Pour-Alishahi added that policymaking should be geared toward promoting home ownership, Hibna reported. Iran’s highest financial decision-making body last week approved interest rate cuts for the country’s most attractive home loans to make them cheaper and more affordable. Based on the ratification, interest rates for the Housing Savings Account loans were decreased to 8% from the previous 9.5% in non-distressed urban areas and to 6% from the previous 8% in distressed urban areas. Conventional lending rates in Iran’s banking system stand at 18%.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/LqNoSi
04/30/2018
  1. https://goo.gl/KuE47F
  • https://goo.gl/GD2FtK
  • https://goo.gl/JeRUFR
  • https://goo.gl/9z2Q2q
  • https://goo.gl/rBB6Hg

You can also read ...

Effects of Sanctions on Food Consumption of the Poor
It is now clear that the purpose of US sanctions against Iran...
CBI Moves to Sideline USD
As part of the latest measure to ditch the US dollar from the...
Surcharge on Forex Rate Difference “Illegal”
The retrospective application of Clause Five of the government...
New Online System to Monitor Warehouses Countrywide
All warehouses in Iran are required to register in the so-...
Bank Loans Hit €18 Billion in 4 Months
Banks and credit institutions allocated a total of 1.67...
Sanctions, Banking Troubles Facing Iranians in Hong Kong
Banking for companies that do business with Iran–as well as...
Sesame Oil, Products Imported From  6 Countries
More than 1.38 million tons of sesame oil and products worth $...
Gov’t to Build  2 New Towns
The Iranian government will commence the process of building...

Add new comment

Trending

Googleplus