Panama is number one for housing credit in Latin America

Panama is the leading nation in Latin America for the provision of housing credit.

Monday, June 30, 2008

According to a Banco de España study, mortgages for housing purposes make up only 8 percent on average of the gross domestic products of Latin American countries. But in Panama it accounts for 24 percent of GDP.
The study says that the figures for Latin America "are well below what they ought to be, given the region's per capita income and in comparison with other regions."

More on this topic

Credit for Construction Up 13.5% in Panama

October 2013

Up until June 30 the portfolio of construction loans rose to $3.34 billion, $369.1 million more than in the same period in 2012.

Of that total, $136.6 million was used for housing, $490.9 million for commercial shops, $672.4 million for infrastructure and $1.04 million in other buildings, said the Superintendency of Banks of Panama.

El Salvador Ratifies Regional Mortgages

April 2012

The Legislative has ratified a Treaty for the Establishment and Implementation of Central American Mortgages signed between Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama and the Dominican Republic.

From a press release from the Legislative Assembly of El Salvador:

Mortgage Lending Slows Down in Guatemala

November 2010

Until September there was a reported growth of 6.87%, less than the 12% of 2009 and the 25% of 2008.

According to the Superintendence of Banks, from January to September 2010 total mortgage loans totaled $ 2.07 billion.

Mauricio Alvarez, strategic planning manager of Banco de los Trabajadores, told Prensalibre.com, "The economy has barely recovered and the most affected sector has been construction, so one of the reasons for this behavior is a lower housing demand."

Salvadoran mortgage portfolio surpasses $2 billion

August 2008

The banking system has a mortgage portfolio that surpassed $2 billion, according to a study presented by the Multi-sector Investment Bank.

The Social Housing Fund (FSV) mortgage portfolio, valued at $878.1 million in July of this year and which corresponds to 121,075 credits for new and used houses, should also be added to the total figure.

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