Home financing funded by savings in Brazil should reach new record US$37.5 billion in 2021

Growth is projected at 57% for the year, according to ABECIP. Financing volume in 2020 reached R$124 (US$24) billion and R$97 billion in the first semester of 2021.

RIO DE JANEIRO, BRAZIL - After breaking records last year and also in the first half of 2021, real estate financing with funds from savings should close the year totaling R$195 (US$37.5) billion, up 57% from 2020.

The projection and data were released today by ABECIP (Brazilian Association of Real Estate Credit and Savings) and considers both the loans mobilized by end consumers for the purchase of real estate, and those taken out by construction companies for the execution of works.

"Purchase financing is currently the main driver. In June we hit the R$15 billion mark in . . .

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