In November 2024, credit granted for the purchase of homes registered an increase of 5.1 % compared to the same month of the previous year, reaching a total balance of 69,992 million soles (around 18.6 billion dollars), indicated the Central Reserve Bank of Peru.
“This growth was mainly driven by higher mortgage loans in national currency, which grew 6 percent year-on-year in November”, highlighted.
In monthly terms, mortgage credit in November rose by 0.5 percent, favored by the increase in the rate of loans granted in soles (0.6 percent).
Likewise, for the acquisition of real estate, the preference for financing in soles remains. In November, only 7 out of every 100 soles in this category were granted in their equivalent in dollars, while the rest were granted in local currency.
“By reducing this ratio, the possibility of exchange rate fluctuations adversely affecting the payment of foreign currency loans is reduced”, pointed out the Central Bank.
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(END) NDP / MDV
Published: 12/30/2024