Costa Rica: Credit for Housing Up 10%Competition, interbank interest rates and a stable exchange rate are the reasons for the growth of the housing loan portfolio in the first quarter of 2016.Tuesday, May 3, 2016
An article on Elfinancierocr.com reports that "... Housing credit has been growing at safe rate since the start of 2016 and this market is expected to remain this way for the rest of the year ... In the first quarter, the total balance of housing loans in the financial system reached ¢4.7 billion, an increase of 10.9% compared to the same period in 2015. " Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Housing Credit Down 55% In El SalvadorSeptember 2013 Up to June banks had only provided financing for housing projects worth $14.36 million, while in the same period last year it had already reached $32 million.
Mortgage Interest Rates in Costa Rica Touch FloorJuly 2013 From the 14% recorded last September, interest rates for housing loans in colones are down to 10%, a figure at which the indicator seems to have settled. Panama: Mortgage Lending up 11%October 2012 The extension to $120,000 of the cap for purchasing housing at preferential rates will cause growth in mortgage lending. Increased Availability for Home Loans in Costa RicaMarch 2011 Despite contraction in the construction sector, banks and other lenders are increasing their offers.
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