The Merrill Lynch Investment Bank is interested in buying mortgage portfolios in Central America and has made $200 available for this.
Salvadoran vice minister of Housing, Mabel de Soundy, reported interest has increased in response to the strengthen of mortgages throughout Latin America because these were granted in the local market on solid bases and have a low level of default.
Guatemalan analysts agree that the country will not receive a direct impact from the international financial crisis.
Carlos Gonzalez, an economist from the Association of Investigations and Social Studies, affirmed that he does not foresee any direct impact, however he said that this could happen if the US economy continues to slip and therefore affect Guatemalan exports, remittances and employment.
The U.S. mortgage crisis has hit Costa Rica's once booming vacation home market, with sales plummeting as Americans who dream of buying a tropical getaway struggle to find financing.
U.S. retirees and vacationers often pay for beach homes along Costa Rica's jungle-fringed beaches by taking out mortgages on their homes in the United States, but trouble in the banking sector has made that more difficult, realtors say.
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Panamá Pacífico with thousands of interested visitors to its stand in Expocomer 2010, not only offered the Key Note speech of thursday, but launched the residential phase of this great development on the banks of the Panama Canal