PHÁT TRIỂN THỊ TRƯỜNG BẤT ĐỘNG SẢN ỔN ĐỊNH, BỀN VỮNG: NHÌN TỪ KHÍA CẠNH TÀI CHÍNH

Abstract

This article analyzes financial sources for real estate including credit through the system of commercial banks, corporate bond channels and policy credit channels. Evidence-based analysis data shows that there are uncertainties in credit supply for the real estate market such as excessive real estate credit growth, and an increased proportion of real estate debts causing high risk. Analysis from the corporate bond channel also shows that issuing large amounts while not forecasting risks may lead to the risk of losing liquidity. The article also analyzes recent policies to remove difficulties for the real estate market and makes recommendations in the short and long term.