120 000 billion investment in the 'resolution limit' for real estate

Plan of the Government to pump money from now until the viec lam end of the year, including 120,000 billion VND investment of unused, is expected to remove the deadlock for the real estate market.> 'Extension of tax - not enough medicine to save real estate'> Customers still waiting for housing prices fall

furtherThis information is Vice Minister of Construction Nguyen Tran Nam announced at the conference to revive the real estate market took place on 31/5.According to Deputy Minister, out of 180 000 billion for investment in 2012, the new government used 60,000 billion VND. So in 7 months of the year, 120,000 more billion will be pumped into the market. "The cash flow when the flow will certainly stimulate economic growth, positive impact to many other industries, including real estate,camera quan sat " Nam said.According to Nam, public investment package, plus 38 000 billion of government bonds, advance funds in 2013 for 7 months last year, the market can receive about 200,000 billion. This was not the solution to package frozen debt 100,000 billion (about $ 5 billion) to create conditions for the disbursement of bank loans to help economic growth.Ministry leaders Building more forecast, the economy has cash flow in people is investing in gold, viec lam dollars, savings deposits. The people's money will soon flow into real estate when interest rates to cool investment and the remaining channels began losing its appeal. Bank loans and capital will return, creating a stepping stone to support the real estate market. BIDV is launching such as 4000 billion package real estate loans within 2 years. ACB and several other banks are expected to this package.Real estate is expected to recover slowly in late chong set 2012 thanks to the disbursement package 120 trillion public investment. Photo:"But no matter how many mechanisms and policies to support the case, the real estate business to the restructuring initiative goods, targeting niche demand with high liquidity. Please restructuring project and capital to save themselves first, "Nam said.Agrees with Mr. Nam, vice chairman of the national financial supervision, Nghia also believe that when disbursed VND 120,000 investment will promote a positive impact on the economy, including any estate.Speaking about the situation, the anti-inflation leads to an overdose of GDP decline, the economy has many signs of deflation, rising inventories. Therefore, promoting public investment expenditure in the approved plan of 2012 is necessary to restore growth of the economy. This can gradually pull the real estate market back to a slower rate, until the end of this year the market will have changed."I have never been interested in real estate today. Even government is really a program to find solutions to revive the industry and start watching this market platform. If it wobbles to a certain death "Nghia said.While experts believe the Government's cash flow hundreds of trillions pumped into the viec lam dau khi market will revive real estate by the end of 2012, many businesses fear the opposite direction.Although the housing market experienced three years of crisis but many economic experts that should not rush this market research. Photo:Dr. Pham Do Chi, Deputy Director of VinaCapital Investment Fund, said that the real estate market expected to prosper again in the coming months is too optimistic. Because the real estate market development than Vietnam as America, Japan and even the same area of ​​Thailand in crisis takes decades not yet fully recovered."Old lesson about the real estate of our country does not need to relearn. Measures to save the housing market need more stress, no hurry," said Chi said.General Director of Vietnam Trust Company, Nguyen Lam Son proposal should only housing rescue by funding for home buyers because of support for businesses too much can lead to market distortions develop. This expert should develop mechanisms that valuation in the new period as the housing market decline is too strong, camera quan sat while building capacity index of homebuyer credit. Such as first-time home buyers will state interest rate subsidies. "Business tax incentives can only be viewed as temporary, long term incentives for new home buyers at the market."Association president Ho Chi Minh City Real Estate, Le Hoang Chau said, need to see real estate as an important component of the economy, the government should not let the real estate business outside edge of the loan with interest groups preferential rate in this period. Resolution to supplement Section 13 tax breaks for real estate business. The most urgent is to fix Decree 69 on the collection of land use fees by 100% of the market because it is unreasonable text.According to Mr. Chau, real estate inventory is very large, related industries such as cement, iron, steel, building materials, furniture and "dead" under. 2011 has more than 90% of real estate business losses, a very bad picture. "Real estate is a storm when the bird market crisis. If it is off, the economy is at risk, measures should be taken at this market before it's too late," he said.