The head of the Treasury Palace considered that “more loans for developmentalists” are needed and said that the National Bank will launch a dollar loan line for the sector.
He Minister of Economy, Luis Caputohe argued that Argentina “It does not have a developed capital market” and emphasized the need for more loans for real estate development, particularly in dollars. “The rate is much lower and you sell in dollars, so it would be natural”said the official during his participation in the Expo Real Estate.
Caputo He celebrated the increase in credit to the private sector with the change of government and stressed that “a very low base” is coming. In this sense, he deepened: “The growth potential is huge and in particular It is very large for this sector because they will continue to give more and more mortgage loans“
However, he also acknowledged that “The rates are still high and short deadlines” in pesos. “I also Jorobo with which the credits in dollars begin,” he complemented.
On that point, He said that the National Bank will launch a series of loans: “You will put a line for developments in dollars, urban and suburban, 72 months at super reasonable rates with which the possibility that they can transfer the credit to the accountant. I think it’s great news for the sector“
Luis Caputo Instagram
Presidency
The breath to receive investments
At another time of the talk, he raised the role of the real estate sector within the government’s economic plan. “The capital market has to grow, but you can do a lot“said the head of the Palace of Finance.
And slid a question: “If there is a capital market, are the developers prepared to receive that market? I am not sure. I see that Real State is handled more in a family environment, friends, contact. “
He considered that in the sector “they have to have structures to capture that financing”, because abroad “the interest in investing is phenomenal.” However, he emphasized that investors “They need an umbrella, an institutional legal framework that supports them,”.
Caputo’s promising future
From your perspective, “What is convenient today is to take financing and sell in two years”he added: “They do not get hooked with the country risk, today something particular is happening, companies are borrowing at a much lower rate than the sovereign.”
On the end, he not only predicted an electoral success in the next legislative elections of November, but also assured that EThe president, Javier Milei, will be reelected in 2027. On this point, he said that Argentina “It will be the country with the highest level of growth in the next 30 years”.
Source: Ambito
