In the middle of a The context of complete uncertainty about what will happen in fThe future of the real estate marketwith interest rates on UVA (unit purchasing value) mortgage loans located at Historically high levels -Some above 15%- and long-term financing was practically frozen, A financial institution decides to lower the interest rate. This is the second confirmed interest rate cut, after another bank announced the same measure last Friday, October 31.
Starting Friday, November 7th The Industrial and Commercial Bank of China (ICBC) will cut interest rates by two points With the aim of supporting the recovery of the real estate market and attracting new credit recipients. And so, The fixed interest rate will rise from 14% to 12%.while The preferential interest rate will stop at 13% and will become 11%.. This action represents a movement that could herald a new phase for the sector.
The 11% benefit corresponds exclusively to the preferential line reserved for customers who receive their salaries at the bank. To obtain credit, it is required Minimum income is $1,100,000. In the case of purchasing an individual and permanent home, it is possible to add income with the father, mother or partner. The financing covers up to 75% of the property value, with terms ranging between 15 and 20 years, for operations not exceeding 360 million pesos.
“Since the relaunch of mortgage lending in May last year, we have decided so Maintain supply to help our customers To reach your home. “Although demand decreased at some point, placements continued and we are committed to improving conditions,” said Ximena Loria y Alemany, Real Estate Loan Product Manager at the Industrial and Commercial Bank of China.
According to the latest data announced, in October. 370 million US dollars in real estate loans among all banks in the country.
The decision by the Industrial and Commercial Bank of China (ICBC) comes just one week after BBVA reduced its preferential line rate from 10.9% to 7.5%.In a signal that was interpreted as the first sign of monetary easing after the October 26 elections. This is the first significant decline since banks again offered UVA mortgages and adjusted their terms in gradual increments.
The 7.5% rate applies only to Your favorite fontdirected to High-income clients: from They collect their salaries from the bank and earn more than $5 million per month. In addition, the loan must be used for purchases Permanent housing worth more than $50 million also Non-permanent more than $100 million.
While, with other low incomes, Standard font Maintains rate 10.9%Those who do not confirm their salary in the entity have one of the highest rates: 17%.
“The loan amount is determined based on the client’s income, which allows for this Financing up to 80% of the property value A period that can range from a minimum of five years to a maximum of 30 years. To increase financing capacity, the applicant has the possibility of adding the income of up to two immediate family members.”
However, in the opposite direction of the BBVA and ICBC declines, Banco Nación increased the interest rate on its UVA mortgage line of credit. From 4.5% to 6%, being the only body at the national level that has not yet lifted this condition Since relaunching her line UVA Mortgage Loan.
Nación is the bank that has captured the most demand so far: with more than 40% of total orders. According to official data, more than 4,400 loans were registered in the city of Buenos Aires, 5,000 in the suburbs of Buenos Aires, 1,500 in Córdoba, 1,400 in Mendoza and 1,000 in Santa Fe, as of October 2025. Its interest rate of 4.5% made it the most competitive bank in the system at the national level, compared to values ranging from 10% and above. To 17%. Which is applied by private agencies after their increases.
It should be made clear that the Nasion case goes in another direction because its price level was exceptionally low and, in fact, It served as a reference to pressure the rest of the financial system.
The big problem posed by the national entity lies in: Your registration requirements (The applicant’s ability to obtain the loan and its conditions): Over the past few months, the bank has doubled its points level, From 450 to 909 pointswhich practically limited access to loans even at a low interest rate.
From the real estate sector, climate change is noticeable. Issel Kiperzmid, CEO of Dipsa Group, points out this After the legislative elections last Sunday, “there is a strong positive change in expectations.”
“The market is already thinking that there will be more liquidity and that interest rates will fall. If the central bank can rebuild reserves without allowing the peso to rise excessively, activity will be more competitive,” he asserts.
The businessman explains this in recent days Inquiries from potential buyers have increasedEven from people who have postponed making decisions in recent months. “The handbrake releases. When banks rebuild their liquidity and the state demands fewer pesos, this money will be pumped into the private sector. Mortgage credit will resurface and this will also revitalize the used market.
In a country where more than… Three million homes with housing needs And where Mortgage credit represents only 0.2% Of GDP, any news bodes well Lifting the ban on access to housing generates expectations.
Now it remains to be seen what will happen in the future: if stability expectations strengthen and other entities follow the same path, The market can be reactivated.
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