Between January and April of this year, the granting of mortgage loans for the acquisition of a home fell 24.7%, reported from Capeco.
The contraction is due to the “drastic fall” of 37.3% of the loans granted by financial entities with their own resources, and despite the fact that operations funded by Mivivienda recovered (+7.4%).
During May, 1,151 loans were disbursed through the Mivivienda Fund, 19% more than in the same month last year, but 18.5% less than in April 2023.
Greater financing in Mivivienda
On the other hand, about 70% of the homes sold between October last year and March 2023 —in the price range of S/232,401 and S/464,200— were financed with Mivivienda resources.
Previously, the proportion of these funds was 36% between March and August 2021.
Why this trend? Guido Valdivia, executive director of Capeco, points out that the lower rate charged by the Mivivienda Fund fosters its dynamism; since financial entities have a rate of 9.88% and the rate set by the subsidiary role of the State, of 9.35%.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
