The Government's Maneuver to Get Banks to Give More Mortgage Loans, Boost the Purchase of Properties and Access the First House
5 Articles
5 Articles
The sale of property is maintained although mortgage loans decrease; the announcement by the government to anchor the banks could boost the long-awaited turn in the sector
The Argentine macroeconomic scenario adds a new chapter with the announcement of measures aimed at the reactivation of financing for housing and the boost of the construction industry. The Ministry of Economy detailed an initiative that seeks to inject 18,000 new mortgage credits into the market through the use of the Guarantee Fund of [...] The entry Family indebtedness and mortgage credits: the shadows of virtual wallets and challenges of the …
Carlos Burgueño, journalist and economic analyst, and Andrés Asaín, economist, discussed in dialogue with “Ronda de Economistas” (RDEco) the announcement of new mortgage credit lines and their possible impact on the Argentine economy. Read more
The program announced by the government to boost new mortgage loans with funds from the Sustainability Guarantee Fund (FGS) will begin to take its first operational steps in the coming days. The goal is to increase the availability of long-term money so that banks can lend to families seeking access to their first home. There is a central point to avoid confusion: ANSES will not grant mortgages directly. There will not be a form in My ANSES nor …
The Minister of Economy, Luis Caputo, announced measures to boost the development of mortgage credit. The program foresees that the Sustainability Guarantee Fund (FGS) of the ANSES will place up to $2 billion (about $1.3 billion) in fixed-term deposits to provide liquidity to the banks.The placements will be made by tender.The first will be for $200 billion.The deposits will have deadlines of between one and five years, with minimum rates of UVA…
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