Hipotecas de maximo 50%

Avatar de Usuario
Dalamar
Site Admin
Mensajes: 8822
Registrado: 09 May 2012 01:38

Hipotecas de maximo 50%

Mensajepor Dalamar » 02 Ene 2013 12:06

The 50 percent cap on UAE expatriate mortgages, unveiled by the central bank earlier this week, will curb rising prices and chances of a new Dubai property bubble, but will hamper efforts to stimulate a recovery in the market, experts said

An Abu Dhabi-based analyst said: "If implemented, this will impact on the real estate sector. After the property market improved, some banks had started lending up to 85 percent on some projects."

The analyst added: "It's positive when we look at the financial and lending perspective, but the question is whether this lending cap is practical."

The UAE central bank has previously sought to regulate the lending of commercial banks to reduce risk, only to back off after the banks protested.

Gaurav Shivpuri, head of capital markets at consultancy Jones Lang LaSalle Mena, said about 30 to 40 per cent of home and commercial property sales in the UAE were through mortgages. Bankers estimate about 60 to 70 per cent of mortgage customers in the country are expatriates.

Abu Dhabi's state tourism development company, TDIC, signed a deal with Abu Dhabi Islamic Bank earlier in December to start offering investors 100 percent mortgages of up to AED30m (US$8.2m) for purchases of luxury homes on the emirate's Saadiyat Island, local media reports said.

It is not clear whether the new mortgage rules will be strictly imposed; the central bank has previously tried to regulate the lending of commercial banks, only to back off after the banks protested.

The news has already had a negative impact on the industry, with shares in Dubai’s Emaar Properties, the developer of the Burj Khalifa, dropping 1.1 percent, with declines also seen in property companies Drake & Scull International (DSI) and Deyaar Development.


Yo creo que en UAE se compra bastante en efectivo, este tipo de medida estimulara el alquiler en vez de la compra.
¿Te ha gustado este hilo? Compartelo en las redes sociales para que se sume mas gente a la conversacion!

Avatar de Usuario
Dalamar
Site Admin
Mensajes: 8822
Registrado: 09 May 2012 01:38

Re: Hipotecas de maximo 50%

Mensajepor Dalamar » 05 Ene 2013 14:03

Sources said heads of retail from members of the Emirates Banks Association, which includes lenders such as Emirates NBD and HSBC Holdings, will meet on Sunday, while the CEOs meeting with the regulator will follow, Bloomberg reported.

In a Central Bank circular issued on December 30, a 50 percent ceiling was placed on UAE expatriate mortgages, while a 70 percent limit was placed on mortgages for UAE citizens.
Banks will reportedly request that the UAE Central Bank raise mortgage limits for expats to 75 percent of the value of a first home and 85 percent for Emiratis.
¿Te ha gustado este hilo? Compartelo en las redes sociales para que se sume mas gente a la conversacion!

Avatar de Usuario
Dalamar
Site Admin
Mensajes: 8822
Registrado: 09 May 2012 01:38

Re: Hipotecas de maximo 50%

Mensajepor Dalamar » 09 Ene 2013 08:12

Mortgage cap could boost Dubai rents

The UAE central bank’s decision to cap mortgage lending could boost the cost of renting in the Gulf state as end users are pushed out of the market in favour of cash buyers, property experts said.

The central bank last week capped mortgages for expatriates to 50 percent of the value of the property for the first home and to 40 percent for the second. The amount UAE nationals can borrow was also restricted to 70 percent and 60 percent.

But opinion is split on how the move will affect property prices in Dubai, with some analysts predicting it will push down prices and other suggesting it will have very little effect on the cost of real estate in the emirate.

“Most of the investors who are driving up prices are cash buyers. Investors don’t use mortgages, those are taken by the genuine users,” said Kabir Mulchandani, CEO of Dubai-based real estate investment firm Skai Holdings.

“If this regulation continues, rents will go up because end users cannot come up with 50 percent. It will lead to more investors owning property than end users,” he said. Luxury homes in developments such as Emaar’s Emirates Hills are likely to be unaffected because they typically attract cash-buyers, he added.


Mi opinion es la misma, hara que suban los alquileres, y no va a tener gran impacto en la inversion en realidad se compra mucho en cash!

Para el largo plazo es una buena medida, la estabilidad atrae a los inversores de largo plazo, y las ultimas subidas en Dubai estaban siendo excesivas, aunque no creo que esta medida lo frene.
¿Te ha gustado este hilo? Compartelo en las redes sociales para que se sume mas gente a la conversacion!

Avatar de Usuario
Dalamar
Site Admin
Mensajes: 8822
Registrado: 09 May 2012 01:38

Re: Hipotecas de maximo 50%

Mensajepor Dalamar » 14 Ene 2013 07:59

The central bank of the UAE plans to issue broad regulations governing the housing mortgage industry by the middle of this year, aiming to ensure the stability of the sector, two sources familiar with the matter said on Sunday.

"The final pieces of the new mortgage regulations are being put together. It could be ready for issue by June this year," one of the sources told Reuters, declining to be named because the information has not yet been made public.

The regulations will deal with all important aspects of mortgage lending, the source said without going into details. A central bank spokesman declined to comment.

The source said the regulations would be discussed before being finalised with the Emirates Banks Association, the banking industry body, as well as with individual banks.

"There will be uniform criteria for housing finance. Banks and financial institutions involved in mortgages will have to adhere to the new regulations," a second source said.

The new rules would include, but be much wider in scope than, the mortgage limits which were introduced by the central bank at the end of last year.


Asi que.. el que quiera comprar tiene 6 meses, esperamos que la gente se lance como loca a comprar con hipoteca ahora ya que despues no podra hacerlo!
¿Te ha gustado este hilo? Compartelo en las redes sociales para que se sume mas gente a la conversacion!

Avatar de Usuario
Dalamar
Site Admin
Mensajes: 8822
Registrado: 09 May 2012 01:38

Re: Hipotecas de maximo 50%

Mensajepor Dalamar » 17 Ene 2013 06:16

Banks in the UAE agreed on Wednesday to make a formal plea to the central bank to ease the mortgage limits which it introduced at the end of last month, two sources fmailiar with the matter said.

"The suggestion agreed at the meeting is to raise the mortgage cap (for purchases of first homes) to 60 percent for non-nationals and 80 per cent for nationals," one banker told Reuters, declining to be named as he was not authorised to talk to the media.

The banks' meeting was led by Abdul Aziz al-Ghurair, chairman of the Emirates Banks Association, the industry's lobbying group. He told bankers present that the central bank was cooperating with the EBA on the matter, the source added.

Other proposals by the EBA relate to whether the property is completed or under construction, and whether the investor is resident or non-resident in the UAE, the source said.

"The proposals are being sent for the central bank's consideration," he said.
¿Te ha gustado este hilo? Compartelo en las redes sociales para que se sume mas gente a la conversacion!

Avatar de Usuario
Dalamar
Site Admin
Mensajes: 8822
Registrado: 09 May 2012 01:38

Re: Hipotecas de maximo 50%

Mensajepor Dalamar » 31 Ene 2013 12:02

As much as US$30bn in cash was used to purchase Dubai property last year, much of it from overseas buyers looking for a safe haven, according to an Arabian Business investigation.

Contrary to most Western countries, about 70 percent of property transactions in Dubai are fully paid in cash, while the rest are covered by mortgages.

It was as high as 80 percent 12 months ago, according to people in the industry.

Sam Wani, general manager of mortgage adviser Independent Finance, said the level of cash payments in Dubai real estate was extraordinary compared to the rest of the world.

“It’s not normal,” he said. “Global cash transactions are in the realms of 20 and 30 [percent] at the most.

The point has been used in recent weeks by supporters of the UAE Central Bank’s plan to limit the loan-to-value ratio of mortgages to as little as 50 percent in a bid to avoid another property boom after the real estate crash of 2008-2009.

Emirates Banks Association chairman Abdul Aziz Al-Ghurair said on Sunday the low level of mortgage-related property transactions meant the proposed changes would not impact on property prices and would protect borrowers.

“People have speculated that it will be negative to real estate, [but] 70 percent of the real estate sales [are] on a cash basis so it’s going to impact 30 percent [of the market],” he said.

The majority of cash-buyers were from India, Iran, Egypt, Syria, other GCC countries, North Africa and Russia, Wani said.

“They want to park their cash in a region which is stable and yields in those countries are not as good as the yields they get here,” Wani said.

“Rental yields here are increasing 7-8 percent across the board so it makes perfect sense for cash-rich people to park their cash in the UAE.”
¿Te ha gustado este hilo? Compartelo en las redes sociales para que se sume mas gente a la conversacion!


Volver a “Dubai y Abu Dhabi”

cron

Ingresar