By Jason Mitchell
At the end of August, the central bank issued new guidelines enabling banks to provide mortgages of up to 100% loan-to-value on amounts up to Ps200,000 ($64,363) and 90% LTV on sums up to Ps300,000.
Since the country’s 2001 economic crisis, mortgage borrowers have had to provide a deposit of more than 25% LTV, effectively placing home loans off limits for most middle-class Argentines. Last year, lenders wrote Ps2.5 billion of mortgages compared with...
