(中国证券报) 从权威人士处获悉,随着房地产调控长效机制建立,房地产融资政策有可能放宽。其中,有关机构已将房地产投资信托基金(REITs)相关政策方案提交至主管部门,开闸预期强烈。该政策可能伴随着房地产调控长效机制推出。

业内人士表示,从当前房地产再融资政策执行情况不难看出,促进房地产业融资市场化、多元化和规范化,将是政策方向。有关部门正在酝酿的房地产调控长效机制,可能对此予以强化。

REITs是一种以发行收益凭证的方式汇集特定多数投资者的资金,由专门投资机构进行房地产投资经营管理,将投资综合(行情 专区)收益按比例分配给投资者的信托基金。作为房地产融资证券化的重要手段,REITs被不少业内人士看好。天津、上海等地2009年开始着手准备相关试点,但到目前为止,对于REITs试点的相关情况,主管部门尚未有明确表态。

目前,房地产调控长效机制正在酝酿中。业内人士认为,有关房地产融资的政策有可能强化市场化方向,放松行政管制和限制。

全国工商联房地产商会前会长聂梅生近日表示,当前正处于政策准备期,主要体现政府和市场分工的整体思路会逐渐形成。其中,在房地产调控长效机制酝酿过程中,相关直接融资政策会得到明确。分析人士认为,房地产直接融资政策可能获更多支持。

业内人士预计,停牌筹备重大资产重组事项的多家房企,可能成为房地产直接融资政策重启的首批“吃螃蟹者”。

With 34 countries having now adopted the REIT approach to commercial real estate investment, the total market capitalization of REITs around the world has reached $1.1 trillion, according to research from the European Public Real Estate Association (EPRA).

The 2013 edition of the EPRA Global REIT Survey has been released and includes comprehensive information on every major REIT or “REIT-like” regime around the world. Philip Charls, CEO of EPRA, said the global expansion of REIT regimes reflects the recognition of the inherent benefits that the approach can provide to commercial real estate markets and economies.

“Ireland’s entry into the survey and South Africa’s new regime are just the latest striking examples of how more and more governments are realising that they can draw in the private investment they desperately need in our cities and reach their sustainability targets by facilitating the expansion of REITs,” Charls said. “These are companies that develop, own and operate property. REITs play a major role in contributing to their local economies through job creation, providing accommodation for businesses and citizens, investments in improving the urban environment, and adopting cutting edge environmental standards and technologies in their buildings.”

EPRA’s survey detailed a handful of developments that it says represent improvements to existing REIT regimes. They include the United Kingdom’s removal of the conversion charge for real estate companies attaining REIT status. Also in the U.K., AIM companies have the ability to elect to REIT status. In Spain, a “significant barrier” to the growth of REITs was removed by cutting the corporate tax rate from 19 percent to 0 percent, according to EPRA.

“These changes reflect the growing awareness among governments that the REIT concept is an effective policy tool for channelling professionally managed capital into the business of delivering and operating the built environment,” said Gareth Lewis, finance director at EPRA.

EPRA represents the publicly traded European real estate sector. It has more than 200 members and represents approximately $330 billion in European commercial real estate assets.