Mortgages skyrocket 70% in September, breaking Brazil’s records

Mortgage loans with resources from the Brazilian Savings and Loan System (SBPE) reached 12.9 billion reais ($2.29 billion) in September, up 70.1% over the same period in 2019, reaching a record, mortgage lender association Abecip reported.

From January to September, loans from the system to finance the purchase and construction of real estate advanced 44% versus the same period a year earlier, to 78.8 billion reais, already exceeding the result of all of last year. 

Original Story: Reuters | Aluisio Alves 
Photo: Photo by Bruno Neves in
Edition: Prime Yield