Housing Loans Yet to Recover in El Salvador
Credits for home purchase only rose one percentage point between May and July this year (from 3% to 4%).
Wednesday, September 22, 2010
This announcement was made by the Salvadoran Construction Chamber (Casalco). Its report adds that construction loans are still static at 4% of all credit granted by the banking sector.
In Panama housing loans total $1.121 billion, infrastructure loans $668.5 million and commercial construction loans $466 million.
From a press release from the Social Fund for Housing (FSV in Spanish):
Financial institutions lent 15% less for building houses in 2011, complained the Chamber of Construction.
Commercial banks loaned $84 million between January and August; in the same period of 2008 they gave credits for $302 million.
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