Basically, there are two types of proposed changes: temporary ones, which are uk b2b email database until the end of 2022 and are considered by the FGTS council, and structural ones, which are being discussed in Congress through an MP, a provisional measure.
Among the main structural changes of Provisional Measure 1107/22 , which should have the greatest impact on property values, the following stand out:
Extension of the maximum financing term
Use of FGTS in financing installments
Increase in family income limit and reduction in interest rates
Learn more about each of them here, on the CV Blog!
Changes in the conditions of Casa Verde e Amarela
green and yellow house program
Extension of the maximum financing term
The maximum financing term increases from 30 to 35 years with the MP. This means, in the first instance, that families can pay for the property in even larger installments. But, in practice, it also means that companies in the segment can increase the final values of the units, since the buyer will have 60 more months to pay off the loan.
Use of FGTS in financing installments
Related to the increase in payment terms, the use of FGTS will also be an option for those who are looking to finance a property. In addition to increasing the buyer's ability to pay, who may commit a little more than 30% of their income, the use of the Guarantee Fund offers greater payment security to the company and the customer.
Increase in family income limit and reduction in interest rates
It was also proposed to increase the family income limit, covering groups 2 and 3 of the Casa Verde e Amarela program, that is:
Group 1 (not covered): families with a gross monthly income of up to R$2,000
Group 2 (covered): families with a gross monthly income of R$2,001.00 to R$4,000.
Group 3 (covered): families with a gross monthly income of R$4,001.00 to R$7,000.
The measure benefits both groups with a reduction in the interest rate on real estate financing. In this way, the proposal aims to increase financing capacity by up to R$19,000, reducing monthly installments by up to 11%.
What does the market think of the changes?
green and yellow house program
After the challenging phase that the market was going through, many developers can breathe a sigh of relief. The new measures proposed by the Provisional Measure aim to benefit all market agents, from consumers to companies.
In this sense, Fábio Garcez , CEO of Construtor de Vendas, highlights “Now, it will be possible to think of new possibilities for companies in the segment [CVA]. These new measures come as a great gift to the sector, showing that, more than ever, it is time to roll up our sleeves and make history in the real estate market”.
Garcez also points out that, when combined with technology, these innovations are an additional boost for the market. “If you add all these tax reduction measures, changes in income limits and many others to the technologies that are already driving the sector, such as CRM and electronic signatures, you will realize that the market has never had so much power in its hands to do business.”