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A fourth bank joins the offer of new mortgage loans: Which one is it? - Infobae
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Un cuarto banco se suma a la oferta de nuevos créditos hipotecario: ¿de cual se trata?
El mercado inmobiliario amplía su oferta con diversas propuestas para la compra, refacción o ampliación de viviendas. Las líneas las ofrecen dos entidades crediticias públicas y dos privadas
www.infobae.com
May 2, 2024
The real estate market expands its offer with various proposals for the purchase, renovation or expansion of homes. The lines are offered by two public and two private credit institutions.
It is estimated that mortgage loans will revive a real estate market that is taking off little by little Illustrative Image Infobae)
After a week highlighted by the revitalization of the Argentine real estate market, which once again received the news of the introduction of new mortgage loans after almost six years of little activity, Banco del Sol becomes the fourth financial entity to join the offer of these loans, adding to those already announced by Banco Hipotecario , Ciudad and Supervielle, with the aim of facilitating citizens' access to their own home.
Soon, the digital bank belonging to Sancor Seguros will enter the mortgage loan market, providing its clients with financing opportunities in UVAs for the purchase, construction, expansion and/or renovation of homes.
Gabriel Guglielmino , CEO of Banco del Sol, stated: “This strategic step demonstrates our commitment to constantly accompany our clients. We are aware of the present challenges and are confident in our ability to contribute significantly to the well-being of our users.”
After presenting the proposals for mortgage loans of up to $250,000,000, adjustable by UVA, a marked enthusiasm is perceived in the real estate market, which has been demanding, for some time and urgently, the reintroduction of financing that boosts both the sector and construction, two key drivers of the national economy.
More than 35,000 interested parties signed up
More than 35,000 people interested in being able to access information and find out what the requirements are to access the different credit proposals were registered on the Web platforms of the Mortgage and City Banks.Guillermo Laje , president of Banco Ciudad, reported that they already have more than 6,000 registered for the two lines of credit that have been available since last Monday. And demand will surely increase in a short period of time.”
From the real estate sector they support the fundamental role of mortgage loans in the financial system. They allow the acquisition of homes without a full immediate outlay, facilitating access to housing, stimulating the real estate market and promoting economic development.
Broadly speaking, the Mortgage Plan provides financing for up to 80% of the home to be purchased or built. Up to 50% in case of completion of work. And 100% for expansion.
In the City, the credit is to buy, renovate, improve or expand a permanent or non-permanent first or second home in all areas of influence of Banco Ciudad (AMBA, provinces of Córdoba, Mendoza, Tucumán and Salta).
Damián Tabakman , president of the Business Chamber of Urban Developers (CEDU), celebrated the launch of new mortgage credit lines, highlighting their importance in aligning the sector with regional dynamics. “In Latin America, these loans are the norm, and their reintroduction in Argentina was crucial for the normalization of our sector.”
Banco Supervielle, a pioneer among private entities in announcing mortgage loans, will launch a new line of loans for the acquisition, expansion or renovation of homes, available to both clients and non-clients.
There are already four entities that have announced the new mortgage loans, some are making final details for their implementation (Illustrative Image Infobae)
Although the specific details have not yet been revealed, from May 4 it will be possible to simulate the loan installment and obtain information about requirements and conditions on its website. And at Banco del Sol, it is estimated that the plans with UVA financing for various real estate purposes would only be reported next week.
Tabakman emphasized the CEDU's vision on the transformation of the sector in response to macroeconomic improvements: “Once inflation is controlled and the fiscal deficit is reduced, allowing banks to move towards financing the real economy through credit mortgages, we expect explosive growth in the sector. This practice should become common globally,” he concluded.
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