2024-07-11 00:54:37
Although the banks indicate that the delinquency recorded at the end of management was less than 1%, the UVA loans were
a real headache for many of his clients, since then Macri’s first year marked a inflation 24.8%and the last one 53.8%.
However, the second edition of UVA credits, in the middle of a deflationary process, is seen as hope against the lack of funding to buy or build a house.
In that sense, Scope he surveyed the main banks operating in the country to consult the demand and the level of delivery of UVA credits, two months before their return. “So far we have 15 thousand applicationsbut only 1 was closed, that is, the loan was granted,” they answer in unison.
“At you the first three procedures derivatives to notary offices, none is settled yet,” said another bank. However, they are responsible for clarifying that the granting process usually takes at least 45 days and that the entity only sent the credits on 05/31.
Regarding the law, the bank says that “there is a lot of interest, inquiries and requests going onwhich is not yet formal due to lack of documentation or selection of the property.”
Another financial entity tells this average from May to this part more than 22,000 clients They went into the digital channel, simulated the loan and got pre-qualified online. “So far yes with more than 3,200 operations and presented documents that are in the process of being approved,” they state off-screen.
“It’s a slow process, less than a month ago Access to the MEP dollar was released on the day to buy a house,” an entity representative puts in context, explaining why the approvals so far do not represent a significant percentage.
In the same line, Federico González Roucoeconomist at Empiria Consultores, “the restart is expected to be slow” from “They do not provide the income to have a large amount as in 2017-2018“.
“The credits are the same, the same value of real estate, but with another 20 poverty points”, defines the housing specialist. In any case, he considers it “a good time” to take UVA from “There will always be volatility, but the m2 will rise”.
Another public entity says they received more than 16,000 inquiries through web form and close to 500 the information is already condensed into folders, with 90% of applications advanced already approved, whose owners are looking for properties.
So far, 15 loans have already been disbursed of more than $1.1 billion donated. They are credits that fluctuate between $50 million and $100 million and the average is $70 million.
What do economists think about UVA credits?
When talking to the banks, Scope He spoke to economists to analyze whether it is advisable in this context to ask for UVA credit.
For Federico Machadoeconomist at the OPEN observatory, it’s time to “wait and see”: “Imagine for us scenarios. If the Government’s plan goes as plannedinflation should fall much more, and with this UVA interest rates could be at lower levels, or even consider a loan linked to the Badlar rate.”
On the contrary, if the economic plan does not work“There will be a devaluation and a peak in inflation and a new sudden drop in real wages,” exemplified the specialist.
Therefore, understand that in both cases it would be advisable to wait before considering the application for UVA credit, “until this state of uncertainty is resolved”, there is even a risk that the cost of construction will increase in real terms.
For her, Dante Morenoeconomist EPyCA Consultantsthe previous experience under this modality during the Macri government considers, “that more problems have been created than solutions” because the value of the installments and the capital owed was “at a faster rate than the salary increases.”
Despite Macri’s experience, the current macroeconomic context in which inflation “it doesn’t seem like it’s completely under controlwith an inflation floor of 4.5% to 6% per month until December” as an operational and “psychological” barrier that slows demand for UVA credits.
To this end, Moreno offers potential devaluation which could be moved to prices of goods and servicesand a salary update that continues below inflation.
“The case it is worth taking precautions and/or waiting for a better view of the national economic context. If the demand for this type of credit were more dynamic, the real estate market’s response would be the supply of more properties and an eventual increase in house values. which is not currently visible” concludes Moreno.
A more complete analysis of the level of demand will follow between August and Septemberaccording to bank. “You’ll really see if the consumer is engaged or not. There is a lot of interest. It will depend on inflation“, the entity ends.
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