#Tanel Rebane

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Luminor: Surve üürihindade alanemiseks paneb kinnisvarainvestori raske valiku ette

Luminor: Surve üürihindade alanemiseks paneb kinnisvarainvestori raske valiku ette

Üüriturul on pakkumiste arv talve lähenedes järjest kasvanud, mis survestab üürihindu alanema. Laenu abil üürikinnisvara soetanud investorid on nüüd raskete valikute ees, sest hinda alla lastes ei pruugi see enam katta laenukulusid. Pakkumise kasv üüriturul on seotud asjaoluga, et talv on käes ja need korterid, mis on pikalt tühjana seisnud, on nüüd üüriturule paisatud, kuna kõrgete…

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Banks less generous with home loans | News

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Banks less generous with home loans | News

“If a customer was offered a loan of €100,000 last year, their salary, provided it has remained unchanged, would only get them a loan of €80,000 today,” said Tanel Rebane, head of private banking at Luminor. Because real estate prices have not gone down to any notable degree yet, this has moved some properties out of people’s reach.

The Bank of Estonia has stipulated that an individual’s loan obligations must not exceed half of their regular income. Commercial banks often take a more conservative approach and set the limit at 40 percent. Banks also look at how much money a person would have left for paying bills and buying food after making their loan payments.

“Because the cost of living has gone up, many people who still qualified for a loan last year might no longer qualify today as they have less in the way of reserves. That is the main factor affecting lending,” Rebane said.

Demand down, supply up

Does this mean we will see a dip in real estate prices next? Rebane said that while it is possible, things also depend on the property, developer and how quickly the latter wishes to sell. But demand will fall notably, with supply growing.

“There is more real estate on the market compared to last year, as high prices have motivated those who were holding back to sell. Soaring energy prices mean that simply holding on to real estate has become insensible as utility costs still need to be paid,” the banker said.

The last two years have seen real estate prices grow by 20 percent. While analysts agree the current dip in prices will continue, opinions differ on whether the downturn will match the previous high.

“Recent prices make it impossible to describe the situation as a market slump; rather, we are talking about normalization,” Tanel Rebane suggested.

Rising Euribor factored in a decade ago

Catlin Vatsel, head of private financing at LHV, said that their maximum loan amounts have also shrunk as virtually all expenses have grown for families. “We need to keep these things in mind when issuing loans and do it responsibly,” she said.

The banks have been counting on the Euribor starting to rise at one point for the last decade, Vatsel emphasized. “Banks must calculate home loans with a rate of 6 percent that includes Euribor at 4 percent.”

Swedbank is the only major bank in Estonia that has not altered its home loan conditions, its head of housing loans Anne Pärgma said. She added that Swedbank sports a personal approach in cases where people are between homes and have to service two loans at the same time. “That is when we will take a look at whether we think the person will be able to handle both loans for a period.”

Another thing that Swedbank is keeping an eye on is private residences that are still under construction as prices are in flux. “We calculate the minimal construction cost and make sure people have a buffer should the project end up more expensive,” Pärgma explained.

Sille Hallang, head of SEB’s private banking division, said that the bank has not altered home loan conditions. “But because inflation has resulted in much higher everyday expenses, loan sums offered to customers have indeed changed. We make sure borrowers have enough income left for everyday expenses after servicing their loans.”

Interest in home loans down

The number of new Loan applications is falling in tandem with loan sums on offer. Applications are down 30-40 percent depending on the bank and time period.

Swedbank had around 1,000 loan applications in the works earlier this year, while the figure has now dropped closer to 700, while actual interest might be more modest still, Pärgma suggested.

“The applications also reflect people wanting to understand how the market works, what to prepare for etc. Not every application means the person is about to commit to a transaction,” she added.

Catlin Vatsel for LHV said demand is down 30 percent since this summer, both on the real estate market and for loans.

Tanel Rebane said that the situation is more or less the same at Luminor. He added that most people buy a home when they need one, not when the time for it is good or bad, for which they need to be given good advice by the bank and take a realistic look at their needs.

The banker said that when Euribor was negative, people got used to only looking at the relatively modest margin of banks. But loans are becoming more expensive now and decisions really need to be thought through.

“One solid recommendation is that a person’s home should not cost more than their income over five years. If that is so, the customer will be able to service the loan even if Euribor hits 3 or 4 percent,” he explained.

Estonia’s demographic situation is another concern for banks, Sille Hallang explained.

“The most active borrower is 26-35 years old, which age group will shrink by 20 percent between 2021 and 2026. That is another indicator affecting the home loan market. We are simply running out of borrowers.”

Borrowers able to service loans

All commercial banks told ERR that their portfolios are performing nicely and solvency problems have not become more common. Hallang suggested that while SEB is not seeing changes in its portfolio, it cannot be ruled out that high utility costs are yet to hit home.

Catlin Vatsel from LHV said that deposits have grown threefold since the last crisis. Talen Rebane offered that Luminor remains confident as it has pursued a considerate loan policy and is sure its portfolio has people who can afford to service their loans.

Bank representatives agreed that there will not be a repeat of the previous financial crisis and banks will not have to foreclose on people’s homes as both banks and borrowers are much better prepared.

“I believe that no bank wants to start evicting people from their homes,” Hallang said. She said that if people find servicing loan payments has become difficult, other expenses should be revisited first and people who are experiencing problems should contact the bank immediately.

“The sooner we learn of payment difficulties, the better,” Hallang said, adding that a solution can be found in most cases. “But this requires the customer to work with us and not disappear.”

Loan conditions not about to change

Representatives of commercial banks said that loan conditions are not likely to become even tougher in the future as banks already sport extremely conservative approaches.

“We have never issued loans lightly,” Anne Pärgma said for Swedbank. “Lending has been, is and will remain responsible, with a conservative approach built in.” She remarked that it is possible the difference between how much banks are willing to loan the same customer might be smaller in the future.

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Luminor: koduostust loobumise peamine põhjus on ebapiisav sissetulek

Luminor: koduostust loobumise peamine põhjus on ebapiisav sissetulek

55 protsendil Balti riikide elanikest ei piisa oma igakuisest sissetulekust endale kodu ostmiseks. See näitaja on aastaga kasvanud 17%. Teise peamise põhjusena toodi välja ebakindlus tuleviku ees, selgub Luminori tellimusel läbiviidud uuringust. Lätlastest nentis selle probleemi olemasolu 60% ja eestlastest 47% uuringus osalenutest. Levinum on see probleem alla 34-aastaste hulgas, seda eriti…

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Luminor: ärevad ajad lükkavad kodu ostmist mõnevõrra edasi

Luminor: ärevad ajad lükkavad kodu ostmist mõnevõrra edasi

Pea pooled Balti riikide elanikest on oma koduostu plaanid ebakindla majandusolukorra tõttu hetkeks pausile pannud, kuid pole neist päriselt loobunud, selgus Luminori tellitud uuringust. Uuringu tulemuste järgi on peaaegu pool Balti riikide elanikest praeguse keerulise majandusliku ja geopoliitilise olukorra tõttu uue kodu ostmise edasi lükanud. “Inimesed pole oma plaane maha matnud, vaid on…

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Luminor: kinnisvara hind lähiajal mõnevõrra langeb

Luminor: kinnisvara hind lähiajal mõnevõrra langeb

Inflatsiooni mõjul vähenenud inimeste maksevõimekus ja keeruline seis majanduses võivad lähikuudel kinnisvara hinda ning tehingute arvu mõnevõrra langetada, prognoosib Luminori eraisikute panganduse juht Tanel Rebane. Kui juulis vähenesid kinnisvara ostu-müügi tehingud koguni 17%, siis augustis oli taas näha müügipakkumiste hulga tõusu. Luminori eraisikute panganduse juhi Tanel Rebase sõnul on…

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Luminor: Mida teha, kui pärid lähedaselt kodulaenu?

Luminor: Mida teha, kui pärid lähedaselt kodulaenu?

Peale lähedase kaotust pärivad sugulased lisaks inimese varale ka tema võlad ning laenud, sealhulgas kodulaenu. Seetõttu on enne päranduse vastuvõtmist tähtis end kurssi viia, mida pärand sisaldab ning kas see katab ka kaasnevad kohustused. „Tihtipeale tuleb inimestele paraku üllatuseks, et koos päritava varaga, olgu selleks siis lahkunu eluase, raha ja muud isiklikud asjad, saadakse endale ka…

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Luminor: Viis kõige sagedasemat küsimust kodulaenude kohta

Luminor: Viis kõige sagedasemat küsimust kodulaenude kohta

Laenu võtmisel tekib paljudel inimestel erinevaid küsimusi. Olgu need siis protsessi enda või laenu tagasimaksmise kohta. Enim küsitud kodulaenuga seotud küsimustele vastab Luminori eraisikute panganduse juht Tanel Rebane. 1. Kas mul peab olema konto selles pangas, kust ma laenu võtan? Laenutaotlejatel kerkib tihti küsimusi, mis on seotud nende pangakontoga. „Laenumakse võetakse iga kuu…

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Luminor: Mille alusel kujuneb kodulaenu maksumus?

Luminor: Mille alusel kujuneb kodulaenu maksumus?

Kodulaenu taotlemisel võrdlevad paljud neile tehtud pakkumisi sõprade ja tuttavate omadega ning tihti imestatakse, miks need nii erinevad on. Luminori eraisikute panganduse juht Tanel Rebane selgitab, mille alusel kujuneb kodulaenu intress ehk maksumus laenutaotleja jaoks. Kodulaenu intressipakkumine panga poolt oleneb mitmetest laenutaotleja isiklikest näitajatest. Tanel Rebase sõnul võtab…

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Ekspert selgitab: miks ei tasu kodulaenu tagasimaksmisega kiirustada?

Kuigi kümnete või sadade tuhandete eurode suurune kodulaen võib paljude inimeste jaoks olla kohustus, mille tahaks kiiresti kaelast ära saada, pole tegelikult kodu ostmiseks võetud laenu kiire tagasimaksmine enamjaolt majanduslikult otstarbekas, rääkis Luminori eraisikute panganduse juht Tanel Rebane. Kuna kodulaen on reeglina inimeste suurim finantskohustus, on soov sellest kiiresti vabaneda…

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Luminor: ehitushindade tõus paneb ehitama väiksemaid maju

Luminor: ehitushindade tõus paneb ehitama väiksemaid maju

luminEhitushindade tõus, mida on vedanud enim materjalide kallinemine, on pannud inimesi ehitama väiksemaid maju. Kui kolm aastat tagasi tuli Luminori eraisikute panganduse juhi Tanel Rebase sõnul maja ehitamisel ruutmeetri hinnaks arvestada keskmiselt 1200, siis täna umbes 1600 eurot. „Näeme oma statistikast, et inimesed on hakanud ehitama väiksemaid maju. Eelkõige on otsust mõjutanud ehitus-…

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Luminori ekspert selgitab: millest sõltuvad laenusumma ja intressimäär?

Luminori ekspert selgitab: millest sõltuvad laenusumma ja intressimäär?

Kodulaenu taotleja jaoks on antava laenu summa ja intressimäär äärmiselt olulised. Kuidas neid iga taotleja puhul arvutatakse, selgitab Luminori eraisikute panganduse juht Tanel Rebane. Intressimäär sõltub Rebase sõnul peamiselt kahest tegurist – kliendi profiilist ja turuolukorrast. „Tänaseks oleme Eestis elanud juba aasta jagu sellistes tingimustes, kus pankade intressimäärad on pidevalt…

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Luminor: Kas kinnisvara müümiseks on hea aeg?

Luminor: Kas kinnisvara müümiseks on hea aeg?

Kiire hinnakasv kinnisvaraturul on aeglustumas, mis toob oma vara müüa soovijate jaoks kaasa küsimuse, kas müügiks on õige aeg või peaks sellega veidi ootama. Mida sellises olukorras silmas pidada, selgitab Luminori eraisikute panganduse juht Tanel Rebane. Tanel Rebase sõnul võib hetkel prognoosida, et pikalt kestnud kinnisvarahindade kasv aeglustub edasi. „See, kas kinnisvara müüdud saab või…

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Luminor: Küttelahendusest on saanud määrav tegur kodu ostmisel

Luminor: Küttelahendusest on saanud määrav tegur kodu ostmisel

Kõrgete energiahindade valguses otsivad inimesed järjest enam kinnisvara, mille peamiseks kriteeriumiks on kõrge energiaklass ning efektiivne küttelahendus. Millistest lahendustest tasuks uue olukorra valguses hoiduda ning millise kasuks otsustada, rääkis Luminori eraisikute panganduse juht Tanel Rebane. Järjest enam tehakse kinnisvara soetamisel otsuseid konkreetse küttelahenduse või…

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Luminor: Kas pangalt saab maa ostmiseks laenu?

Luminor: Kas pangalt saab maa ostmiseks laenu?

Maja ehitusega kaasneb sageli palju segadust ja küsimusi, millele otsekohe vastuseid ei teata. Kuidas see ikkagi käib ning kas väide, et maa ostmiseks tuleb raha leida ise, vastab tõele või mitte, selgitab Luminori eraisikute panganduse juht Tanel Rebane. Selleks, et maja ehitada, on mõistagi vaja sobivat maalappi, ja ehkki inimesed arvavad sageli, et selle ostmiseks pangalt laenu ei saa, ei…

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Luminor: Teeme selgeks: kas enne uude koju kolimist tuleks müüa vana või vastupidi?

Luminor: Teeme selgeks: kas enne uude koju kolimist tuleks müüa vana või vastupidi?

Sageli võib kodu vahetust planeerivatel inimestel tekkida küsimus, kas enne tasuks maha müüa vana või soetada uus. Küsimus on seda päevakohasem, kui ka müüdav kodu on soetatud kodulaenuga. Ent millises järjekorras siis tehinguid teha? Olemasoleva kinnisvara puhul pole probleemi Luminori jaepanganduse juhi Tanel Rebase sõnul tuleks kõigepealt mõelda sellele, milline on soetatav vara. „Kui uude…

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Luminor: Teeme selgeks: millega tuleb arvestada uusarendusse korteri soetamisel?

Luminor: Teeme selgeks: millega tuleb arvestada uusarendusse korteri soetamisel?

Uusarenduste korterid lähevad kinnisvaraturul pea alati kiiresti kaubaks. Küll aga võib kinnisvara soetamise protsess tavapärasest mõnevõrra erineda. Mida uusarendusse korteri soetamisel kõrva taha panna, selgitab Luminori jaepanganduse juht Tanel Rebane. Ühe lepingu asemel kaks Kui olemasolevasse majja võib korteri soetanud inimene kolida esimesel võimalusel, siis uusarenduse puhul müüakse…