Housing plan may lead banks to offer products for the poor, says expert
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Luciana Lima
Reporter Agency Brazil
Brasilia - The housing plan My House, My Life, launched by the government, together with the expected drop in the basic interest rate (Selic) should lead, over time, private banks to offer products for the low class. Evaluation is the vice president of the National Association of Executives in Finance, Administration and Accounting (Anefac), Miguel de Oliveira.
"I believe that after a normalization of the market, with the Selic continuing to fall, this competition is to establish the medium and long term. There is a large housing deficit in this category. Furthermore, it is a public demand for that much credit and for which the banks would have an interest in selling other products such as securities for corporate, consortia and pension schemes, for example, "he explained.
Before the country feel the effects of global financial crisis in the last quarter of 2008, competition in the market for real estate financing was fierce, especially for buildings for the middle class. "The route was not for the product class poorer. The middle class, for financial institutions, is very interesting because an audience is loyal for longer. The crisis interrupted the process of increasing deadlines and rates ever lower. Now, we already begin to see the banks ready to finance campaigns again, "he emphasized.
In the short term, the evaluation of Miguel de Oliveira, the government's housing plan still needs to overcome major barriers begin to take effect. "It is as much promise. In practice nothing has happened yet. If implemented the way it was spoken, there will be an affordable credit, both in the area of insurance, which cost much to issue the loan, as in the financing of low values, especially for the lower classes of the population.
One of the obstacles in the evaluation of Miguel de Oliveira, is the issue of land involved in this case, political factors. "As this plan is tied to the availability of land to be given by municipalities, partners of the government, a political factor. In large cities, are not more land in areas near and that is an obstacle for the government to facilitate implementation of the plan. For now, it is a promise that the government will provide a large amount of resources to meet poor people, allowing low supply, but nothing happened, "he emphasized.
Yesterday, commenting the beginning of registration of interest in the My Home, My Life, President Luiz Inácio Lula da Silva acknowledged that the package needs a "time of maturity" for the people can see the first results. "It is a challenge for the government to the municipalities to the states for entrepreneurs." The federal government began to register people who want to buy homes and businesses for projects in the construction of houses.
Source: Agência Brasil
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Important:
The JurisWay site does not interfere in the work provided by doctrine, why only reflect the opinions, ideas and concepts of their authors.
