Real estate financing may set new record in 2021

Housing credit is expected to set a new record this year, despite the pandemic and the beginning of a new cycle of interest rates hikes. According to projections from the Brazilian Association of Real Estate Credit and Savings (Abecip), new housing loans may close 2021 with a volume of R$160 billion, up 27% from 2020, the best year in the sector. Housing credit last year increased 57.5% compared with 2019.

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