Mortgage granting soared 33% in the first semester

The volume of home-buying and building loans with funds from Brazil’s system of savings and loans (SBPE) increased sharply in the first half of the year.

Mortgage financing totalled 33.7bn reais (US$9.1bn), up 33.3% year-on-year, according to real estate credit and savings association Abecip.

In the period, 129,200 homes were financed compared to 98,840 units in the first semester of 2018.

Original Story: EXAME |Juliana Elias
Photo: Bruno Neves for FreeImages
Translation & Edition:Prime Yield