Real estate credit grows 36% and reaches R $6.7 billion in July, says ABECIP

The financing for the purchase and construction of real estate in the country reached R $6.7 billion in July, high 10.5% in relation to June and advance of 36.0% in front of the same month last year. This was the largest monthly amount of loans in 2019. The data were disclosed on Thursday, 29, by the Brazilian Association of Real Estate and savings credit entities (ABECIP), whose research considers only loans with resources originated in savings books. In the seven months of 2019, the financing totaled R $40.4 billion, an increase of 33.8% in relation to the same period last year. In the last 12 months, loans were R $67.6 billion, up 39.2% compared to the previous 12 months. The ABECIP research also showed that, in terms of units, 24900 real estate was financed in July, 11.7% more than in June and 24.1% above the registered in July 2018. This was also the best monthly result of 2019. In the seven months of 2019, the loans were 154,100 real estate, an increase of 29.6%. And in 12 months, it was 263,600 units, a 34.8% advance. Rankingin July, Caixa Economica Federal led the financing between banks, with the release of R $2.245 billion. Next came: Bradesco (R $1.610 billion), Itaú Unibanco (R $1.464 billion), Santander (R $962.4 million) and Banco do Brasil (R $273.6 million). In the year, the situation was the same, with the Caixa in front (R $12.155 billion), followed by Bradesco (R $10.032 billion), Itaú Unibanco (R $8.829 billion), Santander (R $6.087 billion) and Banco do Brasil (R $2.259 billion).