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Real Estate Trust Yields Rose For Months.

2011/8/19 11:06:00 31

Real Estate Trust Yields Rose For Several Months

When banks gradually tightened credit, more and more real estate developers began to finance through trust or private lending channels.

Reporters 18 data from the good buy fund showed that in August (as of 17), the average rate of return of real estate trust was 9.83%, which was 8.87% higher than the overall yield of nearly one percentage point.

Insiders analyzed that inflation and awareness of risk deepened investors' demand for yields, while real estate developers were at a disadvantage in cooperation with trust companies. Financing through trust channels had to pay high costs.

Good buy

fund

Researcher Luo Meng told reporters that large trust companies have never been short of projects. They may choose one or two from more than ten projects. The situation that the real estate business exceeds demand for trust companies has been pushing up the rate of return.

She also told reporters that from August last year, in addition to the decline in November, the real estate trust yield continued to rise, to January this year exceeded 9%, 2, March after repeated, from April to now showed an upward trend, July 9.43%.

The data obtained from the usufruct trust showed that in August (as of 18 days), the return rate of real estate trust was 10.41%, slightly higher than that of 10.38% in July, while the overall yield of trust products reached 9.54%, about 3 percentage points higher than that of July 9.23%.

Yan Yuxia, a researcher at usufructuary trust, told reporters that the high return on real estate trust is the driving force.

Rate of return

The important reason for the rise.

According to incomplete statistics of usuf trust, the average annual return of real estate trusts in the first half of this year is 9.81%, representing an increase of 10% over the average annual rate of 8.92% of real estate trusts in 2010.

Since October 2010, the rate of return of real estate trust has been rising. Especially from 5 to June, the average rate of return of real estate trusts exceeds 10%, thus stimulating the overall yield of trust products to exceed 9%.

At the same time, we can see that the return rate of real estate trusts is 1.5 percentage points higher than that of other products.

Puyi trust researcher Zhao Yang told reporters that the yield of trust products mainly depends on three factors, one is the market interest rate, the two is the nature and structure of the trust products, and the three is the duration of the trust products. The longer the term, the higher the income.

In the future, the rate of return of real estate trust depends on the market situation. The fluctuation of market interest rate and the impact of regulatory policies on the supply and demand sides of the real estate trust market will cause fluctuations in the future yield.

A trust company executive told reporters.

CBRC

The regulatory policy for real estate trusts is tight, developers are blocked by trust channels, and trust companies are subject to net capital management measures. From the perspective of their own risks, they will also take the initiative to slow down the issuance speed of real estate trusts.