House financing funded by savings should reach new record in 2021

In Brazil, home financing funded by savings should reach a new record of R$195 billion (US$37.5 billion) in 2021, according to the latest forecasts form ABECIP (Brazilian Association of Real Estate Credit and Savings).

After breaking records last year, with a volume of R$124 billion (US$24 billion), and also in the first half of 2021, reaching R$97 billion, real estate financing with funds from savings should close the year totalling R$195 billion, up 57% from 2020. 

The projection and data were released by ABECIP and considers both the loans mobilized by end consumers for the purchase of real estate, and those taken out by construction companies for the execution of works.

Original Story: Rio Times| Staff
Photo: Photo by Afonso Lima from FreeImages
Edition: Prime Yield