38% Increase in Mortgage Loans in El Salvador

In February credit for the construction sector reported a growth of 38.22%.

Wednesday, April 25, 2012

According to the Salvadoran Chamber for the Construction Industry (Casalco), the industry obtained between the months of January and February about $79 million in loans to build and buy homes, representing an increase of 38.22% compared to the same period in 2011.

"Funding for construction totaled $23.07 million, 5.94% more than last year. Loans to purchase homes totaled $55.96 million, 58.08% more.

Agricultural infrastructure construction is the sector that showed the highest percentage growth, according to statistics from the report: 9,231.7%. In the first two months of this year, this sector received credit of $29.79 million compared to $320,000 in 2011," reported Elmundo.com.sv.

More on this topic

Panama: Construction Up 35%

September 2012

The value of construction projects reached $766 million during the first half of 2012, $198 million more than in the first half of 2011, with bank credit underpinning this growth.

An article in Panamaamerica.com reports that "Investment in the construction sector is reflected directly in the bank’s mortgage portfolios.

Construction Grows by 48.8% in a Year in Nicaragua

October 2012

During the first half of 2012 618.000 meters square were built, 52.8% more than in the same period in 2011.

According to the Central Bank of Nicaragua, 81% of the square meters were for residences, 10% for local services, 5% commercial and 4% industrial areas. In terms of location, 60% were located in Managua and 40% in the rest of the country.

Better Prospects for Construction Sector in Nicaragua

August 2012

Nicaraguan businessmen from the construction industry forecast a growth of 20% by 2012.

According to the Nicaraguan Chamber of Construction in the first six months of the year alone, there was a 10.5% increase in the sector.

"Benjamin Spears, president of the Nicaraguan Chamber of Construction (NCC), said that housing projects, especially in the social interest segment, are the main factor accounting for the growth.

Builders Try to Accelerate Sector’s Recovery

February 2012

Exhibitors from Central America, Canada and the United States gather together in El Salvador for the International Fair ‘Construexpo 2012’.

2012 kicks off with 140 exhibitors at the Construexpo event which aims to forge alliances and synergies that will promote the growth of a vital sector of the Salvadoran economy.

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