In Chile, the winds of growth are blowing, but the winds of inflation are blowing. China, one of our major trading partners, has weakened and the geopolitical outlook is not great. However, the good news is that the central bank, in its Monetary Policy Statement (IPoM), has raised its economic expansion projection to 2% to 3% for 2024.
The above seems like a ray of light on the horizon that has – until now – been unable to shake the dark clouds that have been keeping our economy slow. Although the data will have to be carefully analyzed in the coming months, the reduction of the interest rate to 6.5% after the increases recorded in January and February already allows us to smile.
The measure is intended to stimulate economic activity, not just to accelerate consumption; It can also have positive effects on the real estate market. In practice, the decrease in interest rates, especially in the mortgage sector, not only makes buying a property more affordable, but also increases investment and reduces the shortage of one million houses in Chile.
This is a ray of hope that will illuminate our moribund economy, especially in the construction sector, which is a key sector for creating jobs and, therefore, revitalizing the country. But monetary stability is not enough to increase competitiveness. To maintain our leadership in the region, we must accelerate the race towards digital transformation.
Now that we have a new Cyber Security Framework Act in place, it’s a great time to switch from cumbersome paper procedures to electronic signing of documents. This is the path the modern real estate world has taken, where purchase and sale promises are signed online to avoid wasting time on both sides; And respond “paperless” to the demand for a planet with resources we’ve overused for centuries.
After facilitating online transactions for more than 600 thousand people Firma Virtual, not just an increase in efficiency and productivity; But also reductions in operating costs associated with individual practices and, of course, improvements in customer satisfaction rates.
Therefore, Chile needs the conditions to maintain its economic stability; and an environment conducive to innovation and technological development. In this way we build on the rock, aiming for a prosperous and sustainable future.
