Argentina's real estate revival tool unused by banks, says former housing secretary

Iván Kerr, Argentina's former Secretary of Housing, has voiced concern that banks are failing to use a regulation designed to stimulate the real estate market. The regulation, enacted in 2025, aims to enable the purchase of units while they are still under construction. Kerr argues that this tool is crucial for accessing homeownership but is currently underutilized by financial institutions.

He stated that the mechanism to reactivate the real estate sector is in place, but banks are not employing it. This inaction by banks hinders potential buyers from accessing properties during their construction phase, a critical difference for many seeking to enter the housing market. The lack of bank participation means a key government initiative is not achieving its intended impact.

The situation highlights a disconnect between regulatory intent and practical implementation in Argentina's financial sector. While the framework exists to support real estate development and provide pathways to homeownership, its effectiveness is being undermined by the reluctance of banks to engage with the new rules. This leaves many aspiring homeowners in a difficult position, unable to leverage the available financial tools.

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The tool to reactivate the real estate sector exists, but the banks are not using it.