The sector claims that these measures are helping to boost sales, but it prefers to remain cautious. In the first half of the year, a slight improvement was noted.
The real estate sector showed a slight improvement in the first half of the year, which would be due to the incentive of mortgage loans and the strategy of money laundering. In the case of money laundering, the plan provides for discounts on apartment prices so that people pay in cash or up to 75% of the property with laundered dollars.
The sector assures that this type of measures help to boost sales but prefer to remain cautious. This measure will encourage sales from the pitand there will most likely be special prices for 100% cash payment.
Although the ranges have not yet been defined and this will depend on each project, state of development and flow of funds needed. These types of phenomena, encourage potential buyers who have the money, but do not possess the laundered money. It is a tool that will benefit those who want to bring money into the market and those who need to sell.
On the other hand, the developer companies assure that They do not sell all the properties Because the inflationary context means that they have to have reserves to sell the remaining units when their construction is more advanced. In this way, they can make a difference to support the increases in supplies, salaries and the rise of the dollar, which increases costs.
Those who adhere to whitewashingwill have the possibility of accessing the Special Regime for Income from Personal Property, which anticipates four periods, from 2024 to 2027, at a rate of 0.5%. This also exempts them from filing tax returns during that period of time.
mortgage loans housing real estate properties
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The mortgage lending landscape
In the case of the Mortgage loans generated a slight increase in the trend of the real estate purchase and sale market.
The College of Notaries of the City of Buenos Aires recorded a 27.47% increase in the number of deeds executed in June compared to the same month in 2023. During the sixth month of the year, there were 4,232 deeds and the total amount of transactions reached $362,001 million, a year-on-year growth of 350.25%.
During the first half of the year, deeds in the province of Buenos Aires totaled 41,122, an increase of 12.56% compared to the same period in 2023. With these data, June represented 21.35% of the total transactions registered in the first six months of the year.
Source: Ambito
