Buyers of apartments from new residential projects use one or two of three basic payment options: Down payment, deed or bank credit.
Those who follow the campaigns of the branded houses are using the remaining amount of bank credit, provided that they pay some of their payment preferences in advance.
Bank Credit Usage Rate in February Was 48 Percent
The REIDIN-GYODER New Housing Price Index is used to describe the payment preferences and the extent to which residential properties are being used by new projects. Since the REIDIN-GYODER New Housing Price Index is published on a monthly basis, the usage rates of payment preferences can also be analyzed monthly.
In February, the down payment rate was 29 percent, the deed rate was 24 percent and the bank credit usage rate was 48 percent.
In February 2017, the most preferred method of payment for residential projects by new projects was bank credits. Percentage of those who prefer to be first-hand housing holders with housing loans is tice as much as the homeowners with deed.
Bank Credit Usage Rises
The proportion of house purchases using the bank credit from the housing project increased remarkably during the one month period from January 2017 to February 2017.
REIDIN-GYODER New Housing Price Index in January 2017 results; It is seen that 37 percent of the residential buildings of the branded housing projects prefer to use down payment, 27 percent to the bank credit and 36 percent to use the credit.
In December 2016, the rate of those who own housing from the new residential projects was 22 percent.