By the end of April, the total outstanding real estate credit in the city reached VND 981,500 billion, accounting for about 33% of the country and an increase of 1.61% compared to the end of 2023. In the first 4 months of the year, real estate credit grew higher than the general credit growth in the area (up 1.31%) and accounted for 27% of the total outstanding credit in the area.
The growth in real estate credit is associated with more positive changes in this market and reflects the growth trend over the months. Real estate credit decreased by 0.49% in January, 0.01% in February, 0.96% in March and 1.15% in April, the month with the highest growth rate in the first 4 months of the year.
Real estate lending increases
Loans for home purchase, home construction and repair, land use rights transfer for home construction... (real estate loans for use) still account for the highest proportion at 68% of total outstanding real estate loans. However, in absolute terms, loans for industrial parks, export processing zones; real estate business loans and loans for land use rights transfer have a higher growth rate than other sectors. In particular, outstanding loans for investment in industrial parks and export processing zones reached VND 44,600 billion, an increase of 9.3% compared to the end of 2023.
According to Mr. Nguyen Duc Lenh - Deputy Director of the State Bank - Ho Chi Minh City Branch, credit policies and low interest rates have not only supported businesses and provided loans to people in this field but also stimulated the expansion and development of investment activities in infrastructure of industrial parks and export processing zones; tourism and service sectors; stimulated consumption and business, had an impact on supporting and promoting the market to gradually improve and grow.
Source: https://thanhnien.vn/vay-mua-nha-tai-tphcm-tang-manh-185240527141029525.htm
Comment (0)