The conditions for Housing credits changed and the conditions hardened, therefore It predicts that the mortgages will not grow so much in the first quarter.
Roberto Arévalo, former president of the Argentine Real Estate ChamberHe said that a brake was noticed in the amount of mortgage loans granted.
In turn from First They add that there is a seasonal factorsince in the first quarter of the year families do not dedicate so much time to the change of residence.
Thus, the Central Bank’s financial conditions survey indicates that Given changes in the conditions for housing credits there will be less mortgage loans in the first quarter.
This change responds to that 12 banks adjusted their conditions, increasing mostly The annual nominal rate (TNA) And, in some cases, shortening the deadlines either modifying the amounts to be granted.
With these increases, On average the rates are 7.4%, when it was 5.5%before. This means an increase in the initial quota (and the required income) of 20% in a 25 -year loan.
2024: The year that the mortgage loans returned
Although a deceleration in the granting of credits is forecast, In 2024 there was a reverde of this type of credits that were practically non -existent.
In December 2024, 7667 writings were closed in the city of Buenos Aires68.1% as in the same period of 2023, according to the data provided by the Colegio de Escribaros Porteño.
Of those transactions, almost 15% (1130 writings) were made with mortgage, which shows the influence of new credits on market activity.
The 2024 closed with US $ 830 million in grape -grape mortgage loans, of which US $240 million correspond to Decemberaccording to data provided by the consultant Empiria based on the Central Bank of the Argentine Republic (BCRA) and the National Institute of Statistics and Census (INDEC).
Source: Ambito
