The moderation of the real estate market does not seem to have problems on the side of banks. Getting financing is more complicated due to the greater demand and prudence of financial institutions.
The panorama has changed both for the promoters and for the final client. In the case of financing to the developer, own funds are required, with a minimum of 20%, which extend in the case of the purchase of land up to 50%, with a pre-sale criterion between an 30 and an 70% in promoter function. Previous scoring has been extended to all, including the builder, a practice that was used shortly before; In short, it is about minimizing risks when granting credit ", explains Luis Corral, CEO of Contact Us.
This is only a summary. The complete analysis, as well as the opinion of different experts of the sector, you can read it in The Real Estate Month by Month of the labor Yolanda Duran
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