18% Of the banks Perceive a weaker demand
The report of the Commission for the Financial Market (CMF) on the performance of banking to March realized that, although housing loans grew 0.94% in 12 months, it would not be enough to talk about a definitive rebound in this business.
In the market they argue that customer demand remains weakened. In fact, the bank credit survey of the Central Bank of the First Quarter, said that the proportion of banks that perceives a weaker demand increased from 9% to 18%.
The Diploma Director in Finance of the FEN of the University of Chile, Jorge Berríos, added another factor, this time, on the side of the offer: “Banks are imposing many restrictions on income levels to access a house.”
Tariff effects
Another element that could further affect mortgages are the consequences of the commercial war initiated by the United States.
For the academic director of the U. Adolfo Ibáñez MBA, Julio Riutort, if the global long rates remain high, they will affect Chilean mortgage rates.
While uncertainty persists, “I see unlikely a significant reduction of these rates,” Riutort added.
Even the rates could increase in the aggravation of the conflict “that leads to higher risk awards and less preference for long -term investments,” Riutort added.
What is coming
Considering the aforementioned factors, the mortgage panorama in 2025 would not be encouraging.
The director of the Center for Remobiliarious Studies of the University of Los Andes, José Miguel Simian, indicated that “although there may be a rise, the mortgage credit is super stagnant.”
“The promises have fallen for two years; they must be between 80% and 40% below than the levels between 2018 and 2019, and is reflected in mortgage loans,” Simian added.
Therefore, “I do not expect a significant rebound for 2025 for the combination of mortgage rates, income and properties values,” he concluded.
