Growth in Supply of Housing Loans in Costa Rica

The banking system has increased its range of mortgage credits with terms of up to 30 years in both dollars and colones, the local currency.

Wednesday, August 11, 2010

The Costa Rican banking system's housing credit portfolio makes up 31% of 31% of all non-financial private sector loans, measured in colones. As of May year on year sector growth stood at 3.71%, according to the Central Bank.

"It is worth remembering that this result does not depend solely on the demand for credit. Exchange rate fluctuations can also affect the figure since many loans are sold in dollars," comments an article in Nacion.com.

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