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Savings for financing reflect the slow recovery of the economy, which is hindering the sale of real estate
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The savings account is the main source.
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18 Jul 2018, 16h56 – Posted on 18 July 2018, for real estate finance (Tuca Vieira / Folha Imagem / VEJA)
The slow recovery of the real estate sector, coupled with resistance consumers to go into debt for a long time, generates an unprecedented situation in the credit market for : more than 100 billion reais will be available in resources for funding between this year and the l & # 39 next year, according to estimates by Abecip (Brazilian Association of Real Estate Credit and Savings Organizations).
The mountain of inactive resources is a reflection of the slow recovery of the economy, which, as a result, hinders the sale of real estate. At the same time, savings, including a portion of the resources used by banks in real estate loans, returned in the first half, after four years, a greater volume of deposits than withdrawals.
"We will have over the next two years, release of resources in the order of 239 billion reais. Real estate financing, at best, will reach 125 billion reais. that is to say: there will be 114 billion Reals throughout the system, "calculates the president of Abecip, Gilberto Duarte
. The money that banks lend to finance their own home comes from The institutions use about 65% of what is applied in the booklet with the mortgage loan.The second source is the FGTS collected from those with a formal contract. [19659009Duringtheboomyearsbeforetherecessionrealestateentrepreneurscametodefendtheneedtolookforothersourcesofresourcestomeetthedemandforcredit
Unprocessed consumer [19659009] However, the availability A record of resources does not directly benefit the buyer of goods at this time. According to Duarte, if the prospects of the economy were positive, the consequence would be a reduction of the interest rate by the banks. With the scenario of uncertainty, the movement tends to be the opposite. "As the funding can last for more than 30 years and it is expected that the interest will go up, no one wants to lower it," he says.
In the past two years, banks have reduced their interest on home loans. Following the decline of the Selic, the basic interest rate of the economy, which rose from 13.75% at the end of 2016 to 6.5% per annum. The dispute over customers in this segment has also increased, particularly among private banks that have benefited from the decline of Caixa Econômica Federal .
Feliciano Giachetta, from FGI Negócios Imobiliários, there was a slight improvement for the consumer. "Those who prove that they are able to finance get the money.Three years ago, the bank took 90 days to wind up the financing.Today, a credit is coming out in 45 days. What holds the consumer today, it's even the uncertainty. "
It weighs the fact that the outlook for the performance of GDP (gross domestic product) have gotten worse. The market has a direct relationship with the economy: when all is well, people have more income, are optimistic and buy more houses.
Although GDP growth forecasts have almost halved this year, banks are maintaining projections for mortgage credit. The volume of financing is expected to increase by 15% to R $ 116 billion, taking into account the savings account funds (SBPE) and the FGTS fund, according to Abecip's projections.
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