LatAm Real Estate "Another brick in the wall: Request for lower rates in..."

Research evidence excerpt

LatAm Real Estate "Another brick in the wall: Request for lower rates in..."

Global Research

26 June 2026ab

LatAm Real Estate Equities

Latin AmericaAnother brick in the wall: Request for lower

rates in MCMV; MULT's buyback program and Real Estate

IoC; Bradesco to expand real estate credit; TainanAnalystCosta

Regulatory slows industrialization tainan.costa@ubs.com+55-11-2767 6091

Ana Julia Zerkowski

Associate Analyst

Homebuilders request lower MCMV mortgage rates ana-julia.zerkowski@ubs.com

+55-11-2767 6303According to the news, construction sector representatives submitted to the

federal government a request for a new adjustment to MCMV. The proposal under

discussion is to reduce mortgage rates for Brackets 3 and 4. Accordingly, there are

two ongoing discussions, although still at an early stage and with no formal proposal

defined. One alternative would reduce rates by 100bps in Bracket 3, from 8.16% to

7.16% per year, and in Bracket 4, from 10.00% to 9.00%. Meanwhile, the other

possibility would be to segment Brackets 3 and 4, creating intermediate rates

according to income levels. The new request for adjustments is mainly driven by the

relevant increase in material costs over the past few months. - Here

MULT | Material Fact - New buyback program

According to the Material Fact, Multiplan announced a new buyback program to

acquire up to 5.0mn shares. The program includes (i) the acquisition of shares to (a)

support the company's share-based incentive programs, (b) be held in treasury,

and/or (c) be later cancelled or disposal; and (ii) the disposal of shares eventually

acquired under the program, as well as treasury shares remaining from previous

buyback programs. The program will be valid for up to 12 months (to Jun-27). - Here