CMN to increase ceiling on real estate finance with FGTS, source says

<img src = "https://abrilexame.files.wordpress.com/2018/03/thinkstockphotos-522169835.jpg" clbad = "abril-image optimized lazyload" abril-data-id = "3023502" sizes = "(min-width: 991px) 680px, (max-width: 420px) 420px, (max-width: 360px) 360px," srcset = "https://abrilexame.files.wordpress.com/ 2018/03 / thinkstockphotos-522169835.jpg? Quality = 70 & strip = info & resize = 680,453 680w, https://abrilexame.files.wordpress.com/2018/03/thinkstockphotos-522169835.jpg?quality=70&strip=all&resize=420,280 420w, https://abrilexame.files.wordpress.com/2018/03/thinkstockphotos-522169835.jpg?quality=70&strip=all&resize=360,240 360w, "alt =" (19459006) FGTS must be increased from 950 thousand to 1 million euros. São Paulo – The value ceiling of real estate that can be financed with funds from the FGTS The actors of the. real estate are waiting for an announcement from the National Monetary Council around 18 hours. If confirmed, it will be the third time in a row that the real estate market

In November 2016, the CMN raised this ceiling from 750,000 to . 950 thousand in São Paulo, Rio de

Then, in February of the following year, the government decided to temporarily raise the limit to 1.5 million reais in all regions until [19659008] In a memo to customers, the BTG Pactual team described the new elevation as positive, stating that the decision "reinforces the government's great commitment to reviving the sector".

According to the bank, the measure will primarily benefit developers of quality real estate, including Cyrela and Even, which have lower leverage than the industry average and high inventories. "That said, it should be remembered that this cap of 1.5 million real per unit was in effect last year and (nonetheless), the industry has performed very poorly," commented L & # 39; BTG team in the note.