Feb 20 β€’ 02:47 UTC πŸ‡¦πŸ‡· Argentina La Nacion (ES)

Investing in properties: 5 banks that offer mortgage loans for second homes

Five Argentine banks are providing long-term loan options for purchasing non-primary homes amidst a renewed interest in mortgages.

As of April 2024, the relaunch of the UVA mortgage credit has reignited discussions among Argentines regarding the possibility of acquiring a personal home. This resurgence in mortgage options has opened the doors for individuals considering investment properties, positioning real estate as a stable refuge for value in an uncertain economy. The article explores the question of whether purchasing a non-primary residence with a mortgage is feasible, and highlights that while the answer is affirmative, not all banks offer this opportunity.

The article lists five banks that provide mortgage lines specifically tailored for secondary homes, addressing the growing curiosity among investors. Banco NaciΓ³n is mentioned as one of the key financial institutions offering loans for properties valued over 210,000 UVAs. These lending options are significant because they cater to a market eager to capitalize on the real estate sector's perceived resilience, while also considering the investment potential of owning multiple residences.

Overall, the article outlines the evolving landscape of mortgage financing in Argentina and the strategic role banks play in facilitating second home purchases, thus reflecting broader economic trends where real estate is sought after as a secure investment amidst fluctuating market conditions.

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