Search for consortium grows 69%
This article was translated by an automatic translation system, and was therefore not reviewed by people.
New law which came into force in February, helped to reverse bad sector numbers at the beginning of the year. Administrators provide up 40% in 2009.
The new law of the consortia, which came into force in early February allowing the User repay mortgages contemplated by the letter of credit, caused a turnaround in this market.
In the first quarter, because of the crisis, the sale of new shares was down 16.6% nationwide, the first downturn after more than one hundred months of consecutive growth. 25 thousand shares were sold for the purchase of property in January and February, compared with 30 in the same period last year.
In March, after the term of the new law, sales reached 22.3 thousand, speeding 69% compared to February (13.2 thousand) and bringing the results of the first quarter of the field back to positive, with growth of 3 , 2% on 2008. The data are from the Brazilian Association of Consortium Administrators.
The recovery prompted the industry to provide a growth of 40% over 2009 results.
And it was precisely the ability to pay off the mortgage with the credit of the consortium that led the federal civil servants Marcos Bueno Ning to purchase a share in last March. He lives in a property valued at $ 130 thousand, in ten years financed by Caixa Econômica Federal, which pays for a monthly fee of U.S. $ 2.3 mil. The consortium, for a letter of credit of $ 100 thousand in twelve years, the fee is $ 880.
For Bueno, the main attraction of the sport is just the lower cost in comparison with bank finance.
"I can still use the Guarantee Fund [FGTS] to bid, reducing benefits, and get the letter [of credit] to pay off the financing," he says.
The server says that he fears for the intercropping system. "But I found myself in a group to buy a car and was contemplated at the outset. I sold the letter of credit and saw it was a good deal. Now let me see if I can get the funding, "he says.
The regional president of Southern Abac and business manager of the Consortium Servopa, Gilberto Pereira Marenda, points out that an institutional campaign, broadcast on television on national television in March, may have contributed to the resumption of sales. "We also need to take into account that in January and February, there was still a very great distrust about the economic future. Today there is an accommodation with a reasonable turn of the scenario, "he says. Thus, the manager bets on an increase of up to 40% on last year's result.
The chief superintendent of the consortia Ademilar, Tatiana Reichmann, said that even in the first two months of the year his company has had positive results compared with 2008.
"With the economic climate, we expected an early years difficult, but we ended up with a result about 70% higher, which led us to open two new groups," he said. "Consortium is a very simple product to be sold. Requires planning, both of whom sell as it buys. But the consumer is looking for the consortium as an investment, "he says.
Profile
According to Bueno, almost 90% of customers of the consortium have already own property. "The consortium is an interesting system, but not the best way for anyone to purchase their first property," he says. He said the disadvantage is that, unlike the funding, the consortium does not guarantee immediate delivery of the goods. "Usually they are people who want to move to a better property, but not so urgent. Thus, when contemplated, the client sells the property and uses the current letter of credit to buy a new, "he explains.
A survey by Abac shows that the class B, which has an average monthly income between U.S. $ 4 billion and $ 8 thousand, representing 64% of customers consortia, while the class A is 21%. The class C, with an average income of R $ 1,370, represents only 10% just because of the difficulty of families to meet the cost of rent and monthly consortium simultaneously.
Currently, there are 513 thousand in the consortium purchase of real estate throughout the country. The number is 9.3% higher than the same period of 2008.
Pros and cons
See the advantages and disadvantages of the consortium for the financing for home ownership:
Advantages
Interest - The consortium does not foresee the impact of interest on the value of the property. In addition to tuition, the syndicated paid a management fee proportional to the value of the parcel.
Lance - You can use the balance of FGTS to bid for and be covered in a group.
Advance - The installments paid in advance are valid as bid.
Disadvantages
Uncertainty - The intercropping did not receive the property immediately. It is depending on the draw or by the contemplation of a bid.
Default - Unlike funding, the consortium default by any other joint venturers may have negative impacts for the entire group.
Withdrawal - Withdrawal in a group can be costly, since there is a fine for breach of contract. The new law provides for the repayment of the installments paid, but this is subject to cash flow of the groups.
Source: Abad / PR / Marketing
Source: Gazeta do Povo
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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