translated from Spanish: How economic uncertainty affects the housing market

In the face of the economic changes that have occurred in recent weeks, the President of the Estanislao Puelles Milan College of Public Real Estate Brokers was consulted by the operations in the province and said “High interest rates discourage real estate investment”In his statements to the local media Puekkes Milan emphasized “What hurt us the most were the high interest rates. In 2018 we had a good motorized movement for UVA credits. After the 2018 devaluation, obviously all the loans fell by almost 100%. The real estate market was being motorized only by that type of purchase, since purchases with capital or, as it is said, with mattress savings were more in the financial system than in real estate”In relation to the new exchange control, “cepo” as usually called it, he said” Most of the housing market is handled in pesos, there is a sector, it is true, it is handled in dollars. The owner does not want to be affected by a devalued weight. There are no problems, unless the difference between officer and blue becomes very distant”In this note:
mendoza
Real estate
Stocks
UVA Credits
Devaluation

Original source in Spanish