The recovery of the real estate market and the expectation of accelerating growth going forward have created an unusual situation: banks have started to run after developers to offer loans for the construction of new projects, according to with the chief economist of the São Paulo Housing Union (Secovi-SP), Celso Petrucci, who is also chairman of the real estate commission of the Brazilian Chamber of the Construction Industry (CBIC). "Banks have been looking for the developer," said Petrucci, in an interview with Estadão / Broadcast. In the accumulated result from January to August, real estate financing with savings accounts registered an increase of 26.4% in relation to the same period last year. This growth was more intense in concessions for construction companies, which rose 47.2%, while consumer loans made the purchase increased by 20.9%, according to a survey by consultancy Trends. "But the developer is also looking for banks," said Petrucci. "All of this is a response to the increased demand for real estate." [www.skymarketing.com.pk](https://www.skymarketing.com.pk/) strives to be Pakistan's biggest real estate developer ever, guaranteeing the highest international standards, prompt execution, and lifetime customer loyalty. With projects like [blue world city Islamabad](https://www.skymarketing.com.pk/rawalpindi/blue-world-city/) The biggest increase in the sector is a direct consequence of the reduction in the basic interest rate of the Brazilian economy (Selic), which led banks to cut interest rates on real estate loans. Caixa Econômica Federal announced this week a cut of up to 1 percentage point in interest rates for real estate financing with resources from the Brazilian Savings and Loan System (SBPE). The lowest interest rate charged by Caixa will increase from 8.50% plus the Referential Rate (TR) to 7.50% plus TR. The highest rate goes from 9.75% more TR to 9.50% more TR. The move by the state bank, the largest real estate financier in the country, came after advertisements of the same type by competitors days before. Bradesco announced a minimum rate of TR + 7.30% per year, Itaú set its minimum rate at TR + 7.45% and Santander, TR + 7.99%. The cut of 1 percentage point in a loan of R $ 300,000 represents a drop of R $ 250 in the borrower's share, increasing access to the property by thousands of consumers, said Petrucci. "We are reaching the lowest level of interest in history," he said. “It is a healthy competition from the banks and it will not stop there. If the Selic falls below 5% per year, this movement will continue. ” Petrucci praised the initiative of the Central Bank to constitute a platform to provide transparency to the finances of real estate projects under construction in the country. Called Block, it will bring audited data on the sales volume of each project and the payment flow for each of the units. , among other items. The inclusion of data by the developers will be voluntary. The objective is to give banks greater visibility about the projects, facilitating the decision to release or not credit for the works. This will serve small and medium-sized companies, a segment in which the governance rules for each project are looser. When in doubt, banks close their doors to this type of company. The prospect is that Block will be on the air in the first half of 2020. “There are thousands of small and medium-sized companies that are unable to obtain financing. This tool will pave the way for them, ”said Petrucci. # [Apple iPad](https://www.softwarefavorite.com/apple-ipad-pro-2021-with-mini-led-display-thunderbolt-port-new-chip-on-par-with-m1-to-launch-in-april/) [play Fortnite](https://techiedigest.com/you-can-now-play-fortnite-and-other-f2ps-on-xbox-for-free-without-xbox-live-gold/)