Thursday 24 June 2021

Housing Loans Up 21% in Costa Rica

Photo MAYELA LÓPEZ , La Nacion
Photo MAYELA LÓPEZ , La Nacion

COSTA RICA NEWS — Between October 2013 and September 2014 the average number of home loans given out per month was 2,659, 21% more than in the same period in 2012/2013.

According to the Superintendencia General de Entidades Financieras (SUGEF) – Superintendent of Financial Institutions, the average amount of loans per customer amounts to US$46,694, for buying lots or homes.

- Advertisement -

Ronulfo Jiménez, economic adviser to the Costa Rican Banking Association, “… said the average amount borrowed was $46,000 minimum, compared to prices in the local market. He added that this can be explained by the fact that many lending operations are complemented with a housing subsidy, which reduces the average amount. ”

Nacion.com reports that “… In Costa Rica 26,743 mortgage loans were formalized in 2013, while between January and September the figure was 24,118. The amount of money lent by banks has maintained a trend of increasing the average amount over the past five years. ”

Source: Nacion.com – Más ticos acuden a los bancos para financiar lote o vivienda

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Rodolfo Méndez rules out new contracts for MECO and H Solís

QCOSTARICA - No more soup for you! If the Minister of...

Today 50 years ago: Costa Rica and Panama entered into conflict over air routes

TODAY COSTA RICA - Original text published in La Nacion on...

MOST READ

Tourism sector depends on political will for recovery

QCOSTARICA - The future of tourism operators in Costa Rica depends on the political will to approve a package of bills that favors the...

Internet speed decreases during peaks in service

QCOSTARICA - Ever wonder why your surfing on the Internet slows down, to even a crawl, mainly in the evenings? This is due to...

Today’s Vehicle Restriction June 22: plates ending in 3 & 4 CANNOT circulate

Today, Tuesday, June 22, plates ending in 3 & 4 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Today’s Vehicle Restriction June 23: plates ending in 5 & 6 CANNOT circulate

Today, Wednesday, June 23, plates ending in 5 & 6 CANNOT circulate. The measure is countrywide and applied between 5:00 am and 9:00 pm, save...

Antivirus creator John McAfee found dead in Spanish prison cell

Q24N - You may not know John McAfee, of his eccentrics, but you are sure to have the name and may even have your...

Facts and Career Opportunities for Positioning and Popularity of a Casino Dealer

Are you thinking about becoming a casino dealer? If you’re a Hungarian citizen, we’ll tell you more about what you need to know. You...

Treasury threatens to close doors to Sinpe Móvil to avoid tax evasion

QCOSTARICA - What had been a good tool as a payment mechanism for sellers and businesses, the Ministry of Finance (Treasury) has in its...

How to Continue Learning German If You Live in Berlin

Berlin is the place to be: the best parks, cinemas, concerts, and cultural life attract many students every year. COVID-19 has changed the situation...

Carlos Alvarado: “Don Rodolfo has my confidence”

QCOSTARICA - President Carlos Alvarado said he has all the confidence in his Minister of Public Works and Transport (MOPT, Rodolfo Méndez Mata, and...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.