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

Green Numbers in the Real Estate Market

September 2017

By the end of 2016, the bank loan portfolio for housing and commercial construction exceeded $14.7 billion, and more than 19,000 houses and 545 buildings were built in Panama in the last six years.

A combination of low interest rates coupled with a growing and stable real estate supply account for much of the growth in real estate and construction activities in 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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