No menu items!

Brazil’s real estate loans soar, break records and project a 34% increase this year

RIO DE JANEIRO, BRAZIL - After a 57.5% growth last year - with R$124 billion in bank loans - the volume of real estate financing jumped 113% in the first quarter 2021 compared to the first three months of last year.

According to data from the Brazilian Association of Real Estate Credit and Savings (ABECIP), operations between January and March reached a record R$43.1 billion, with 187,600 units sold.

The assessment is that expansion of the real estate sector should continue in the coming months, despite the start of a process of interest rate hikes in Brazil and . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content