Andina

BCR: Peru's mortgage loans up 5.5% in June 2024

10:00 | Lima, Aug. 2.

The balance of loans for home purchases reached S/68.501 billion (about US$18.454 billion) as of June 2024, a 5.5% increase compared to the same month in 2023, the Central Reserve Bank (BCR) has reported.

On a monthly basis, mortgage loans rose 0.7% in June compared to May, accumulating a positive performance for 47 consecutive months.

The BCR stated that year-on-year growth was driven mainly by higher mortgage loans in Peruvian Soles, which increased by 6.5% year-on-year last June.

During the sixth month of 2024, a 0.8% rise was observed in mortgage loans (in local currency) compared to the previous month.

Additionally, the BCR stated that indebtedness in Peruvian Soles for home purchases remains preferred, with most of these loans granted in local currency and only 7.4% in U.S. Dollars.

(END) NDP/MVB

Published: 8/2/2024