Clipping of news on Brazilian Culture, Law and Citizenship
01/10/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Limit will rise from R$ 500,000 to R$ 750,000 in SP , RJ , MG and DF .
For other states, limit went up to R$ 650,000 .
The National Monetary Council ( CMN ) decided to raise this Monday ( 30 ) the value of the property that can be purchased with funds from the Guarantee Fund for Length of Service ( FGTS ) , as well as the value of home ownership that can be financed within the rules of the Housing Finance System ( SFH ) - type of credit that has cheapest interest .
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The value of the property will rise from R$ 500,000 up to R$ 750,000 to São Paulo , Rio de Janeiro , Minas Gerais and Distrito Federal from this Tuesday ( 1 ). In the cities of these states , according to the BC , real estate prices , and the costs are higher. For other states , the limit will be raised to up to R$ 650,000 .
" The limit of R$ 500 000 was in force since 2009 . Since then , we had inflation. IGP- M , for example , rose 27.84 % and the CPI Fipe advanced 23.72 % . The construction sector civil 're asking this for over two years , and financial institutions as well. were talking that real estate does not get more funding with savings deposits , "said the deputy head of the Department of Policy BC , Julio Carneiro . According found the G1 , the objective of the government to stimulate the economy is measured .
Funding Amount
Under the new rules , for properties financed within the rules of the SFH , the limit of funding may not exceed 80 % of the appraised value of the property. For grants involving the use of Constant Amortization System ( SAC ) , this percentage may reach 90 % of the appraised value , according to the Central Bank .
By the previous rules , according to the Central Bank , the funding limit was 90 % of the appraised value of the property for both the Price table as for the SAC . With the changes , only the SAC will continue with this limit. In the case of price table , the threshold will drop to 80%.
The deputy head of the Department of Policy BC explained that the loans made by the SAC , the benefits get larger and then go down, while the price table benefits are fixed . Therefore , he said , the amortization is faster by SAC system .
Interest rates
According to Julio Carneiro , the monetary authority, the current market rate for properties over $ 500,000 are at about 10 % per year. " In SFH has people doing [ funding ] to 8 % to 9 % per year," said Ram, adding that therefore he does not believe the measure will generate a ' boom ' in the housing market .
The decision of the CMN should warm the demand for homes , which may cause the price per square meter to rise again in a faster pace , according to analysts polled by G1 .
last adjustment
The last time the limit of property which can be financed within the rules of SFH was increased in April 2009 , ie for more than four years. At that time , the value rose from R$ 350,000 up to R$ 500,000 .
At the end of last year , the President of the FGTS Trustee Council , the Special Adviser to the Ministry of Labour Luiz Fernando Emediato , had already stated that he saw no problem in an increase in value of the property to be financed within the rules of the SFH R$ 500,000 to R$ 750,000 . On occasion , however, he explained that the decision would be up to CMN .
Source : G1
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This article was translated by an automatic translation system, and was therefore not reviewed by people.