Hear
In a challenging economic contextwhere inflation and financial uncertainty are commonplacethe young people who dream of not being tenants for life They face a complex panorama when trying to access their first home. With limited savings, seeking banking entities that offer accessible financing becomes a priority for those who want to become independent.
“Such a product needs long-term financing, and as a housing policy, Mortgage credit is fundamental and elementary. But also as a development and social inclusion policy“, stated José Rozados, director of Real Estate Report, within the framework of the seminar held by the College of Notaries of the city of Buenos Aires.
For many young people, Saving the amount necessary for a significant down payment on the purchase of a property is an almost titanic task.. However, in this scenario, some banking entitiesof the 16 that launched their UVAs mortgage loans, They developed lines of credit that seek to facilitate access to homeownership with low savings.
“If it is possible to maintain a low and stable inflation and the property market can operate in dollars“The sector will accompany the growth of the economy,” analyzes Martín Boquete, director of Toribio Achaval.
For the new generations, the dream of your own home Not only did it become an increasingly unattainable goal. Also The possibility of achieving economic independence was removed. In a scenario where salaries lose month after month in the face of inflation and in the face of a real estate market that slowly seeks to rebuild the supply lost in recent years, It is estimated that 40% of Argentines between 25 and 34 years old still live with their parents.
This reality affects between 2 and 2.5 million young people, according to estimates by the economist and real estate market specialist Federico González Rouco, taking as reference the latest data from the Permanent Household Survey (EPH) carried out by Indec. Although it is a phenomenon that is observed in other parts of the world, The Argentine statistics double that of countries such as Germany, the Netherlands or France.
“Housing is a global problem, because millennials and centennials They want to live in urban centers and that drives up property prices in general. But the fact that 40% of young people cannot emancipate themselves is a lot, even when compared to almost any country where one would go to live. If you were born in the 80s or 90s, you didn’t have much time to save: there were emerging crises, global crises, recession, hyperinflation, devaluation, now pressure on the rental market. Almost all their lives they lived through economic stagnation or decline and They reach the age of 35, which is the age where one plans to buy a first home, where they want to move and many cannot.”says the economist.
Among the available options, several banks emerged as the most committed to accessible financing, mainly for the youngest. Next, those that offer the most favorable conditions stand out:
He Macro Bank positioned itself as the only one that has a line aimed particularly at young people. Fernando Gómez Sánchez, representative of the entity, within the framework of the mortgage credit seminar, highlighted that the company wants “all people throughout the country to be able to access a home.”
In this sense, The bank offers various lines of creditincluding options for first and second homes.
In particular, the Young Lineintended for the purchase of a first home, is aimed at people under 30 years old that they credit their salary in the bank and have their parents as guarantors. This program finances up to 90% of the value of the home and allows the income of the parents to be added, who act as guarantors or subsidiaries, although the home remains in the name of the child.
The other requirements and conditions:
For its part, the Bank of the province of Córdoba presented its financing program, which stands out for offering up to 100% of the purchase of the property, both for construction, expansion or completion of homes. This line is available for both couples and singles, and allows the income of both parents to be added.
He initial loan It is $17,000,000 (20,000 Grapes), with a fee close to $115,000 and with required income of $470,000 of the entire family group.
Requirements and conditions:
