The general economic situation of the country continues to decline in the real-estate market. The level of interest rates continue to affect this productive area and are already showing effects in the requests for pre-approval of mortgage loans.
The sale of homes has been uphill in the field; inflation, rise in material prices and increase in interest rates are points that have generated these complications.
This has been reflected in the number of credit pre-approval requests, which have fallen by 12% in the second quarter of 2023, according to Enlace Inmobiliario.
“It mainly has to do with families are hard hit financially“, points out Sergio Barrios, executive director of Enlace Inmobiliario. “Inflation that was rising significantly for more than a year and a half, makes families relatively poorer and have not been able to save.”
This would leave several without the standing amount, which in some cases is equivalent to 20%.
In parallel, and for reasons that could easily be the same, the amount of housing sought or applied for also dropped: 71% of the applications correspond to properties of less than 2,500 UF.
In citizenship, at least, the message points to the number of requirements demanded in the different stages of the process.
2023-08-13 17:35:41
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