Proposing a mechanism to limit home loans to cool down real estate prices

The Ministry of Construction proposed limiting the loan amount for buying a second home to a maximum of 50%, and a third home to no more than 30%, to prevent speculation and control the increase in real estate prices, ensuring sustainable market development.

The Ministry of Construction proposed tightening the loan limit for second home buyers and above, to a maximum of 50%, and for third homes no more than 30% to limit speculation and control real estate prices.

The above proposal was made by the Ministry of Construction in the draft Resolution on the mechanism to control and curb real estate prices sent to relevant ministries and branches for comments. The draft outlines three contents to regulate the market, including lending policies for home buyers, real estate transaction centers and development of commercial housing at suitable prices.

Accordingly, the Ministry of Construction proposed to apply a limit to loans for second home purchases and above. Second home buyers are expected to be able to borrow up to 50% of the purchase contract value and no more than 30% of the third home./.

Source: https://baolangson.vn/de-xuat-co-che-han-muc-vay-mua-nha-ha-nhiet-gia-bat-dong-san-5061573.html