He Government took another step in facilitating access to credit through divisible mortgages, with the regulation of the records of purchase and sale tickets and contracts that establish a promise to deliver possession of homes under construction.
This is determined by a resolution of the National Securities Commission (CNV) that was published this Friday in the Official Gazette.
The measure thus implements what has been established through Decree 1017/2024 by which the Government authorized mortgages to be established on works under construction, with the sole presentation of a purchase and sale ticket.
The measure seeks to facilitate the activity of real estate developers through credit towards potential buyers of homes that will be built in the future. Until now, banks can give mortgages against a property title, such as a deed.
The CNV measure establishes that Registration and Payment Agents (ARYP), Clearing Houses, Markets, Central Depository Agents of Negotiable Securities (ADCVN) and financial entities, “may carry out the activity of annotating purchase and sale tickets, and any other contract on units built or planned under the horizontal property regime or any other land subdivision regime, which promise the delivery of the real right of ownership or surface over a property. future”.
With this step, the Government seeks ensure the activity of banks in the segment. It is worth remembering that recently financial entities made it clear that if the mortgage loan market is launched they are going to need securitize the loans they grant.
16.5% of deeds are signed with mortgages in CABA
According to data from the College of Notaries of the City of Buenos Airesin the Federal Capital in November, 5,755 deed signings were carried out, a figure that implied an increase of 41.5% compared to November 2023
The total amount of operations reached $584,653 million, which marked a nominal increase of 342.6% compared to a year ago. The average value of transactions was $101,590,456, with an increase of 212.9% annually. Of the total, the writings with a mortgage there were 950, which is 16.5% of the total.
Source: Ambito
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