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Argentina’s $1.3B Housing Boost | Argentina News
Argentina’s Economy Minister Luis Caputo just unveiled a bold $1.3 billion plan to jumpstart the housing market by injecting two trillion pesos into mortgage lending—aiming to help 17,000 families buy homes and revive the struggling construction sector. Backed by the Sustainability Guarantee Fund, the move mirrors a 2009 program that boosted car loans, but this time targets Argentina’s tiny mortgage market—just 2% of GDP versus 27% in Chile and 75% in the U.S. The first auction is set for early September, designed to stimulate new construction through existing home purchases. While banks are…
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