Mortgages fall 11% in February, says Abecip
This article was translated by an automatic translation system, and was therefore not reviewed by people.
The real estate financing with funds from savings fell 11% in February before the same month last year, to $ 1.742 billion, according to the Brazilian Association of Real Estate Entities and Savings Credit (Abecip). In volume, the shrinkage was 12.08%, to 16,609 units. Accumulated in the first two months of this year, the amount financed rose 1.55%, to $ 3.635 billion, while volume fell 4.72% to 34,269 units.
In the first two months of 2009, the real estate credit granted to individuals for the purchase of real estate grew 39.5%, while the expansion in February was 32.3%.
Accumulated in the last 12 months ending in February, were financed 297.9 thousand units, totaling R $ 30.08 billion, taking individuals and companies.
Bradesco
The Bradesco, one of the leading banks in the real estate credit, which is still studying its strategy for the funding of buildings for low income. The definition depends on details of the program "My House, My Life," released at the end of last month by the federal government, which aims to finance the construction of 1 million homes, and the most benefit is for the public with incomes of up to three minimum wages.
"To get the low income we have to discuss how the insurance will be guaranteed," said executive vice president of Bradesco, Norberto Pinto Barbedo. He noted that there are still questions about how the entitlement will be made to municipal and state governments.
Source: State Agency
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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