Mortgage loans and money laundering were the two great drivers of the real estate market.
2024 closes with 40% more operations in the real estate sector than last year, driven by bleach and the reactivation of the mortgage loans. These two measures served to boost the real estate market during the final stretch of the year. In this context, the outlook for 2025 is even more promising, as the sector is expected to continue its upward trend.
For the real estate sector, particularly, aspects such as the Rental Law, the introduction of UVA credits and the regulation of money laundering, laid the foundations for a year that will close with a 40% increase in the volume of operations compared to 2023. “2024 was a period of transformation and recovery. Among the measures with the greatest impact, money laundering was positioned as a key driver in the short term, reactivating investment in projects. This Law encouraged operations with average amounts close to US$140,000 and peaks where 40% of monthly transactions were carried out under this scheme,” considered Rodrigo Saldaña, Commercial Manager of Oslo Properties. At the same time, he maintained that “the credits began to bear fruit after years of absence: 15% of current operations are already carried out with this financing.”
Although there is still a lack of robust regulation and the implementation of divisible mortgages and the credits for well projects, “the sector has shown a dynamism that has not been seen since 2018,” he indicated. In this context, the year brought benefits for all actors in the sector, since developers were able to access a revitalized market, with greater exchange stability and a constant flow of operations, and investors found new opportunities to diversify their portfolio thanks to the facilities for money laundering.
Meanwhile, buyers achieved better financing conditions and a greater supply. With a stable dollar and a monthly increase in operations, the sector recovered the dynamism lost in previous years. Furthermore, with the 40% increase in the volume of operations compared to 2023, this year is positioned as a hinge towards a new stage of growth. Although the implementation of some tools, such as the complete regulation of UVA credits, is still necessary, the progress achieved is undeniable. “2024 can be described as a highly positive year for the real estate sector, reaching figures not seen since 2018. Expectations for 2025 are even more optimistic. If the economy continues on its recovery path, the market has the necessary tools to consolidate a definitive takeoff. The strengthening of confidence, added to greater economic stability, predicts an encouraging outlook in terms of investment, job creation and growth of the sector,” added Saldaña.
Source: Ambito
