Clipping of news on Brazilian Culture, Law and Citizenship
04/06/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - With the reduction in the basic interest rate to 8.5%, announced by the Monetary Policy Committee, many public and private banks reported reductions in their rates of funding, mainly real estate financing, which will already be lower next week.
The expectation now is that real estate returns to stay warm, since the beginning of the year the loan interest was high and showed consumers are not likely to buy properties, however, this warming may bring risk to the consumer.
In the opinion of an expert in real estate law, Marcelo Tapai, the risk of the country suffer from delays again is very high. This is because the housing deficit in Brazil is still taken and many people expect interest rates to fall to buy the property, which leads the race launch by contractors, who often have no structures and no cash to build such projects.
"The builders are limited to works that can finance with banks and, when launching more projects than they can finance inevitably delay the works," explains the expert.
historical
From 2008, the market for buying and selling real estate in Brazil jumped and threw hundreds of construction projects, which they sold in a single weekend, however, the result was not expected. Most enterprises had delayed delivery, and currently, the court is full of unhappy owners of shares.
Source: News Agency
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This article was translated by an automatic translation system, and was therefore not reviewed by people.