The specialized portal Real Estate Report carried out a survey on mortgage creditsamong businessmen in the sector, to evaluate the expectation in the market with the return of financing.
It is a key fact since, from different sectors, an increase in prices of the estate as a consequence, among other things, of the boost that could give to demand the possibility of buying properties in the medium and long term.
One of the doubts that exist among real estate operators is knowing how much new mortgage lines can drive sales.
For 60% of those consulted, they considered that sales could increase around 20%, while the remaining 40% believe that the increase in operations could reach 40%.
“The vision of those consulted is definitely below the reality that recent history showed us with Macri’s UVA, which in a very short time reached 48% of total sales at the end of 2017, at least in CABA; In other words, the amounts were effectively doubled,” clarifies the presentation of the Real Estate Report.
Regarding the biggest doubts that the new lines generate in people, the main factor of concern happens to be inflation, with 47.7% of the votes, in second place is the level of income, with 20 .8% of responses. Third place corresponds to mortgage rates, with 15.9% of the responses and fourth is a no minor topic; the exchange rate, which achieved 11.1% of the votes.
During the Seminar it was highlighted as one of the most sensitive elements due to exchange fluctuations and the times that can pass between the reservation and the purchase and sale deed.
Who are the main borrowers?
The survey also evaluated who could be the main borrowers of the loans. Renters would be the first interested parties with 50.6% of the votes, followed by replacement owners (24.8%) and then, with 16.1%, young people who currently live with their parents:
“Another important issue that was consulted is the range of values in which buyers with credits will act at least initially, an issue to take into account with respect to values, supply and demand for those of us who interact in this market,” the article explains. portal report.
The range believed to generate the most transactions is properties from USD 60,000 to USD 100,000 with 57.9% of the votes. This amount coincides with the average amount that was USD 80,000 at the peak of Macri’s UVAs.
The second group estimated a range of USD 100,000 to USD 150,000 with 19.5% of the votes. Already in third place with 16.1% of the votes, the range would be up to USD 60,000.
Mortgage representatives from Banco Macro, Supervielle, Ciudad and Nación participated in the event. The president of the College of Notaries, Jorge De Bartolo, He contributed his vision on the matter, highlighting the importance of the Notary in the entire mortgage process. From Real Estate Report we present figures and data on the sector in previous periods to the audience.
One of the biggest concerns that was shown by the Banks in the debate was the issue of the exchange rate, mortgage closing times and the issue of payment in dollar bills to the buyer at the time of signing the deed (parking).
