The national system of consortia completes 60 years with good results in the real estate sector. In the first half of this year, adhesions registered a 29% increase in the country.
More than 307 thousand shares were sold, according to a report by Abac (Brazilian Association of Consortium Administrators). The average ticket, however, dropped about 10% in June, with a value of R$ 170.74 thousand.
The association states that there was a growth of 21.1% in closed deals, reaching a value of R$ 53.57 billion in the first six months of the year. The monthly default rate was below 3%.
The real estate consortium is an alternative for people who are unable to make a down payment for the purchase of the property, which, as a rule, must be 30% of the value of the property.
Paulo Roberto Rossi, executive president of Abac, attributes the growth in memberships to economic planning during the pandemic.
“There was a reallocation of the monthly savings of consumers and many saw the consortium as an investment option, to save.”
The consortium does not have to charge interest, but there is correction for inflationary indices, such as the INCC (of civil construction).
“Anyone who thinks that the consortium pays nothing more than the value of the property is wrong. There are administration fees, in addition to the reserve fund to cover possible defaults and the contracting of life insurance”, says Marcelo Tapai, a specialist in real estate law. .
It is also necessary to take into account that, if it is not drawn in a short time and is unable to make a bid that anticipates the contemplation, the consortium member will pay the installments of an asset that he cannot use, says the partner of Tapai Advogados.
What you need to know before joining
- Find a consortium administrator authorized by the Central Bank
- Join the group that has terms and values ​​that best suit your budget
- Carefully read the contract, which will be long-term
- Follow monthly meetings
- Don’t believe promises of contemplation
- The draw serves to define the order of receipt of the credit
- After being contemplated, use the credit to bargain discounts on the purchase of your own home in cash
FGTS
It is possible to use the FGTS (Guarantee Fund) to bid in the consortium, pay the installments or settle the outstanding balance.
The consortium member must present the extract of the fund and have no real estate.
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