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2 clusters · 206 sources · 9 days · First seen 18 days ago · Last updated 9 days ago

Housing finance developments in Argentina and Mexico

Overview

In Argentina, Economy Minister Luis Caputo announced a 2 trillion peso mortgage credit program intended to stimulate the housing market. The initiative uses funds from the ANSES Sustainability Guarantee Fund (FGS) to provide long-term funding to banks via public auctions. These funds are designated for the acquisition or renovation of first homes, with the program expected to facilitate between 17,000 and 18,000 loans.

Following this, Banco Provincia introduced new mortgage lines for construction, purchase, or improvement. A notable feature is the ‘UVA Casa Propia’ credit, which utilizes a Salary Variation Coefficient (CVS) clause to prevent monthly installments from increasing significantly faster than household incomes.

Expanding on these developments, Banco Macro has introduced credit lines for its ‘Plan Sueldo Selecta’ clients and their children, offering rates of UVA + 7.5% with terms up to 20 years. The bank has also launched dollar-denominated credit lines for real estate developers, enabled by regulatory changes allowing banks to use up to 15% of dollar deposits to finance sectors that do not generate foreign currency.

At the provincial level, the Governor of Salta, Gustavo Sáenz, met with developers to discuss urban growth and infrastructure through public-private collaboration. Meanwhile, the national government continues to utilize the ANSES Sustainability Guarantee Fund (FGS) to fund mortgage lending, where banks bid for deposits for terms of one to five years with interest rates capped at 7.5% above inflation (UVA).

Separately, in Mexico, Infonavit launched the ‘Equipa tu Casa’ program, offering financing for home remodeling, repairs, or equipment to active beneficiaries who apply simultaneously with a primary mortgage.

Entities

Fondo de Garantía de Sustentabilidad · Argentina · Anses · Luis Caputo · Chamber of Deputies

Timeline

9 days ago

[BUSINESS] 18 sources
Argentina implements new measures to boost mortgage credit market
Argentina is boosting its mortgage market through a two-trillion-peso government fund, while Banco Macro introduces lower rates and dollar-denominated credits for developers.
18 days ago

[BUSINESS] 199 sources
Argentina launches 2 trillion peso mortgage credit program
Argentina's Economy Minister Luis Caputo announced a 2 trillion peso mortgage program using ANSES funds to provide long-term bank financing for first-time homebuyers.

Sources

0223.com.ar · 03442.com.ar · 24siete.info · 4semanas.com · 7paginas.com.ar · afrique7.com · agenciacomunas.com.ar · agendaabierta.com.ar · airevision.com.ar · almafuertenoticias.com.ar · argentarnoticias.com.ar · asiesnuestravida.com.ar · buenosairesherald.com · cadenanueve.com · canal13sanjuan.com · canalc.com.ar · canaln.pe · cba24n.com.ar · centraldenoticiasmadariaga.com · cfin.com.ar · chacodiapordia.com · chacosintesis.com.ar · cia.org.ar · cis.at · ciudadano.news · comercioyjusticia.info · cre.com.ec · cuestionentrerriana.com.ar · delabahia.com.ar · derf.com.ar · desarrollozonal.com · diagonales.com · diariocol.com.ar · diarioelatlantico.com.ar · diarioelpaso.com · diarioestrategia.cl · diariofirmat.com.ar · diariojunio.com.ar · diariolavozdelchaco.com · diariondi.com · diariopanorama.com · diarioprimerahora.com · diarioprimeralinea.com.ar · diariosalta.com · diariovictoria.com.ar · discofm.com.ar · dossierpolitico.com · drvnoticias.com

This summary has been updated 2 times: see revision history