Real estate credit with resources from savings accounts in Brazil totaled R$17.16 billion in October this year, down 3.9% compared to September. In annual terms, however, there was an increase of 23.7%. The data were released this Tuesday by the Association of Real Estate Credit and Savings Entities (Abecip). According to the organization, the amount financed in the 12 months until October reached R$ 203.15 billion, an increase of 86.2% compared to the previous 12 months.
From 2021 to October, the amount financed grew 85.4% compared to the same period in 2020, to R$ 171.85 billion.
Last month, according to Abecip, 71,100 properties were financed in the country, a drop of 3.7% in one month. In comparison with October 2020, however, the number of financed properties rose 56.2%. The figure includes both acquisition financing and construction financing.
Abecip also states that from January to October this year, 734.4 thousand properties were financed in the country using resources from the Brazilian Savings and Loan System (SBPE), an increase of 126.2% in comparison with the top ten months of 2020, period affected by the covid-19 pandemic.
In 12 months, financing with savings resources reached 836.55 thousand units, an increase of 117.2% in relation to the previous 12-month period.
Abecip also released the results of the capture of SBPE savings. In October, there were net withdrawals of BRL 5.97 billion, raising withdrawals registered in the year to BRL 31.6 billion. Between September and October, the balance of SBPE savings dropped 0.4%, to R$ 787.1 billion – a result still 0.5% higher than that registered a year earlier.
The organization highlights that despite October being a traditionally negative month, the economic scenario may have influenced withdrawals in 2021. “This year, in particular, this statistical trend may have been aggravated by unemployment, rising inflation and falling income, inducing passbook holders to use part of their reserves to cover domestic expenses”, says the association.
The SBPE is one of the ways of financing real estate credit in the country, and uses income from savings accounts to finance loans.
See too
+ Horoscope: check today’s forecast for your sign
+ Video: Driver leaves Tesla car on autopilot and sleeps on SP highway
+ Food stamps: understand what changes with new rules for benefit
+ See which were the most stolen cars in SP in 2021
+ Expedition identifies giant squid responsible for ship wreck in 2011
+ Everything you need to know before buying a crockpot
+ Discovered in Armenia most eastern aqueduct of the Roman Empire
+ US Agency warns: never wash raw chicken meat
+ Passenger attacks and pulls out two stewardess teeth
+ Aloe gel in the drink: see the benefits
+ Lemon-squeezing trick becomes a craze on social media
+ Lake Superior: the best freshwater wave in the world?
#Real #estate #credit #SBPE #resources #drops #October #Abecip #ISTOÉ #DINHEIRO