BuySellBA
Administrator
Caputo announced that Banco Nación will provide mortgage loans to real estate developers - La Nacion Propiedades
Source:
www.lanacion.com.ar
August 13, 2025
The Minister of Economy opened the Real Estate Expo this morning and stated that "the real protagonist of growth is the private sector" while asking developers to "click" and start investing.
By Candela Contreras
Luis Caputo at Expo Real Estate this morning at the Hilton Hotel
Video capture
"The true protagonist of growth is the private sector," stated Economy Minister Luis Caputo at the opening of the 15th Congress on Real Estate Development and Investment. In this context, he sent a strong signal to the sector: Banco Nación will be the first financial institution to grant loans to developers , with lines in dollars, 72 months, "super-reasonable" rates, and the possibility of later passing this financing on to the mortgage buyer .
The measure comes at a time when the real estate market is beginning to recover following the regulation of divisible mortgages—loans that allow for the purchase of properties off the shelf—and seeks to reactivate one of the drivers the government considers strategic, along with energy and mining.
"Banco Nación has US$500 million in equity capital and will establish a line of credit for urban and suburban development . Hopefully, more banks will join, because the potential is enormous," said Caputo, who emphasized that credit "is the key" to boosting the economy .
Former Boca Juniors Sports City: It was revealed what will be built on one of the lots of the megaproject that will create a new neighborhood.
The big problem with dollar loans is that, by law, banks cannot issue loans in the US currency . How will the Nation do it? The minister explained that they have found a mechanism to circumvent this restriction: they will be able to do so with their own funds or with financing obtained outside of deposits , such as negotiable bonds. According to Caputo, dollar deposits grew by US$2.7 billion in two and a half months, which provides room to fund this type of loan.
The minister justified his preference for loans in dollars by arguing that foreign currency rates are lower and that many developments are marketed in that currency.
Mali Vázquez, executive director of the Chamber of Entrepreneurs and Urban Developers (CEDU), interviewed Caputo at the opening of the Real Estate Expo.
It is important to note that this announcement comes after several private entities told LA NACION that they did not have the possibility of issuing divisible mortgages on their agenda .
Caputo also pointed out the obstacles that, in his opinion, continue to hinder investment: " We can't continue to live with taxes as distorting as the Gross Income Tax; that has to end. We must bring those who demand bribes in municipalities to the front."
In his analysis, he stated that real estate prices in Argentina are cheap in dollar terms, but it competes with an equally devalued used market. " Today, it's better to take out financing, build, and sell within two years , because values won't be the same. Argentina will do well; it's just a matter of time," he projected.
Regarding banking, the minister argued that banks are suffering from a culture that, in his view, is perverse , one that fostered schemes not geared toward market credit: "Banks didn't work for the people." After a recovery in bank profitability (according to Caputo, 2023 was a record year for profits), there is now an incentive for banks to begin offering loans. Even so, he warned that the movement will be gradual.
Toto Caputo at the Real Estate Expo
"Around the world, everything macroeconomic is working because there's credit and people can buy apartments. This is stimulating the economy," the minister said.
In his critique, he said banks need to go back to banking: “They’re doing it, but the movement is slow, as it is in all other industries.”
The government will continue to boost this market. "It's a sector where if we manage to give it that dynamism, we all benefit," he stated, and strongly criticized Congress: " Nothing good for the country can be passed through legislation, because we have a Congress that wants us to do badly. If they are more in line with what we want to do, we will be able to boost the sector."
Caputo called for a shift in focus : moving from seeking extreme returns to volume and turnover models; building financial structures capable of absorbing institutional capital; and preparing projects with greater standardization, governance, and transparency to appeal to investors.
He then linked the credit issue to a broader government prescription: lower taxes, deregulation, and macroeconomic order . He attacked what he called distorting taxes and took a political swipe at corrupt practices in some municipalities: "We can't continue living with such distorting taxes... more than one person here will surely have to continue bribing municipalities ."
The minister closed his presentation with a plea to the developers present: "If you believe and trust in this... it will make life much easier for me and the president." The ball is now in the court of the banks and developers.
www.buysellba.com
Source:
Caputo anunció que el Banco Nación dará créditos hipotecarios a desarrolladores inmobiliarios
El ministro de Economía abrió esta mañana la Expo Real Estate y afirmó que “el verdadero protagonista del crecimiento es el sector privado” a la vez que les pidió a los desarrolladores que hagan el “clic” y empiecen a invertir
www.lanacion.com.ar
August 13, 2025
The Minister of Economy opened the Real Estate Expo this morning and stated that "the real protagonist of growth is the private sector" while asking developers to "click" and start investing.
By Candela Contreras
Luis Caputo at Expo Real Estate this morning at the Hilton Hotel
Video capture
"The true protagonist of growth is the private sector," stated Economy Minister Luis Caputo at the opening of the 15th Congress on Real Estate Development and Investment. In this context, he sent a strong signal to the sector: Banco Nación will be the first financial institution to grant loans to developers , with lines in dollars, 72 months, "super-reasonable" rates, and the possibility of later passing this financing on to the mortgage buyer .
The measure comes at a time when the real estate market is beginning to recover following the regulation of divisible mortgages—loans that allow for the purchase of properties off the shelf—and seeks to reactivate one of the drivers the government considers strategic, along with energy and mining.
"Banco Nación has US$500 million in equity capital and will establish a line of credit for urban and suburban development . Hopefully, more banks will join, because the potential is enormous," said Caputo, who emphasized that credit "is the key" to boosting the economy .
Former Boca Juniors Sports City: It was revealed what will be built on one of the lots of the megaproject that will create a new neighborhood.
The big problem with dollar loans is that, by law, banks cannot issue loans in the US currency . How will the Nation do it? The minister explained that they have found a mechanism to circumvent this restriction: they will be able to do so with their own funds or with financing obtained outside of deposits , such as negotiable bonds. According to Caputo, dollar deposits grew by US$2.7 billion in two and a half months, which provides room to fund this type of loan.
The minister justified his preference for loans in dollars by arguing that foreign currency rates are lower and that many developments are marketed in that currency.
Mali Vázquez, executive director of the Chamber of Entrepreneurs and Urban Developers (CEDU), interviewed Caputo at the opening of the Real Estate Expo.
It is important to note that this announcement comes after several private entities told LA NACION that they did not have the possibility of issuing divisible mortgages on their agenda .
Caputo also pointed out the obstacles that, in his opinion, continue to hinder investment: " We can't continue to live with taxes as distorting as the Gross Income Tax; that has to end. We must bring those who demand bribes in municipalities to the front."
“The key is credit”
However, Caputo was also cautious: he acknowledged that the reconstruction of the capital market is slow and that Argentina is burdened with a credibility problem after a history of defaults that cannot be erased overnight. "The capital market isn't going to appear tomorrow ," he said, and called on developers to adapt their structures, accepting, for example, lower margins and a business oriented toward volume and turnover, if they want to attract institutional capital.In his analysis, he stated that real estate prices in Argentina are cheap in dollar terms, but it competes with an equally devalued used market. " Today, it's better to take out financing, build, and sell within two years , because values won't be the same. Argentina will do well; it's just a matter of time," he projected.
Regarding banking, the minister argued that banks are suffering from a culture that, in his view, is perverse , one that fostered schemes not geared toward market credit: "Banks didn't work for the people." After a recovery in bank profitability (according to Caputo, 2023 was a record year for profits), there is now an incentive for banks to begin offering loans. Even so, he warned that the movement will be gradual.
Toto Caputo at the Real Estate Expo
"Around the world, everything macroeconomic is working because there's credit and people can buy apartments. This is stimulating the economy," the minister said.
In his critique, he said banks need to go back to banking: “They’re doing it, but the movement is slow, as it is in all other industries.”
The government will continue to boost this market. "It's a sector where if we manage to give it that dynamism, we all benefit," he stated, and strongly criticized Congress: " Nothing good for the country can be passed through legislation, because we have a Congress that wants us to do badly. If they are more in line with what we want to do, we will be able to boost the sector."
Caputo called for a shift in focus : moving from seeking extreme returns to volume and turnover models; building financial structures capable of absorbing institutional capital; and preparing projects with greater standardization, governance, and transparency to appeal to investors.
He then linked the credit issue to a broader government prescription: lower taxes, deregulation, and macroeconomic order . He attacked what he called distorting taxes and took a political swipe at corrupt practices in some municipalities: "We can't continue living with such distorting taxes... more than one person here will surely have to continue bribing municipalities ."
The minister closed his presentation with a plea to the developers present: "If you believe and trust in this... it will make life much easier for me and the president." The ball is now in the court of the banks and developers.
www.buysellba.com
