The new growth of selic rate should be reduced in the real estate sector of Para | The economy
Central Bank Monetary Political Committee (BC) Increased to 14.25% per year (Special solution and custody system), the basic interest rate that affects the other Market interest rates. This measure announced on Wednesday (19) to concern the Parayens Real Estate Market, which is scared a Expensive credit, decreasing sales and delay in new projects. United Nations Conference on Climate Change (COP 30)Scheduled in Belem in November.
According to the Board’s Communication Director, Claudia Crywiro and Broker Walter Matos, the result of credit increases, the result of a higher rate, makes real estate financing less affordable. This happens to individuals and organizations. This is the same process that reduces sales speed, “especially medium standard property finance.”
In this scenario, according to them, in the capital and the interior of the state affects credit approval, in particular, due to the lower average income in the population, as compared to other parts of the country. This is the highest, emphasizing interest on credit and banks pass customers’ costs.
They also highlight the opportunity to discourage developers’ projects in the state in interest rates. These companies are responsible for planning, start and maintaining all steps of real estate consequences. But, as the representatives have been ulate, they can “postpone less demanding fear.”
Segment assessment explains that the effects of this process can be experienced in different ways. “The middle class is more affected because most buyers depend on housing credit,” he said. In this sense, the search for ready features drops and the options available in the market will take longer to realize.
On the other hand, “investors with a higher standard section or equity” should not experience the effects of the new interest rate increase. Observe the representatives of the section, “In some cases, the opportunity may also arise (such as pricing re -negotiations with developers who have to rotate cash).”
Another expected balance is a change in the behavior of investors, they must migrate to fixed income securities for further security and profitability. With them, consumers also slow down the state real estate market, waiting for good funding conditions. This sector predicts that “only investors with liquidity to look at medium/long -term admiration capacity or buy in cash”.
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COP 30 Price
In addition to Cerilic, the increase in prices from the COP 30’s witness in the beleme also increases the market. According to the representatives, “the amount provided and the real purchase power, may be disconnected between the braking business.”
“COP 30 is increasing real estate prices in areas that are already undergoing improvement through public work – especially in the central neighborhood.”
