The Strong increase of the dollar During the month of July he put access to mortgage credit again. A survey revealed that, in just 30 days, the capital necessary to finance A housing of U $ S100,000 Through a grape mortgage loan it became almost $ 7 million.
The calculation, made based on the evolution of the official dollar, takes as an example the purchase of a value valued in U $ S100,000with a loan that covers the 80% of the total valuethat is to say, U $ S80,000.
More pesos for the same dollars
On July 2, the official dollar was located in $ 1,248.43. In that context, to finance 80% of the property, the necessary amount of the credit was of $ 99,874,400. But with the closure of Friday, August 1, the exchange rate reached the $ 1,335what led that same credit to $ 106,800,000.
The difference is clear: in just one month, the required loan increased $ 6,925,600a figure that represents a direct blow to the aspirations of those who seek to access their own home through this tool.
This increase in capital to request not only raises the total amount to be paid, but also It hardens access conditions. With a higher loan, Banks require higher income to approve the operation.
It is estimated that, in this example, the Minimum family income necessary to qualify rose in more than $ 182,000 per month In just a month, which further complicates the possibility of qualifying for middle sectors, traditionally the most interested in this type of credits.
A three -room department is worth $ 150,000 and building costs 3 times more than in 2020
The prices of the properties used in the city of Buenos Aires are still rising. A three -environments department already costs, on average, US $ 158,155, according to the latest report of the Portal ZonaProp. In the last twelve months, the sales values of the departments rose 6.7%, while the price of houses increased by 6.1%.
In parallel, the construction cost was fired: it grew 122% since October 2023 and is today 3.1 times higher than in 2020, when it reached its historical floor in the series measured by that platform.
The average square meter in CABA for departments reached US $ 2,440, with a monthly rise of 0.5% in July. The value of the houses also rose: the square meter averaged US $ 1,815. The average value of a three bedroom house was located at US $ 297,761 and that of one of four, at US $ 488,509.
Source: Ambito
