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Costa Rican banks free up 15 percent more lending for house-building in 2012

Tuesday, December 27, 2011

Costa Rican banks and mutual funds are increasing the funds to be made available for housing next year.

Low interest rates are expected to prevail for at least the first half of 2012. Currently, Costa Rica has 360,000 families that have no home of their own.

Mortgage lending has spurred the growth of credit in the country as it recovers from the global crisis.

Original source (in Spanish): La República