Real estate companies regret that the limit on credits of the Biess paralyze the sector

If the IESS Bank (Biess) begins to limit the maximum amount of mortgage loans up to $ 150,000, as reported in an official statement this week, home construction and sales could be paralyzed.

This is the complaint lodged by the Association of Real Estate and Housing Developers of Ecuador (Apive), when remembering that 70% of the supply of mortgage loans is born of the Biess and if these shrink, there are already prequalified houses would not be built.

Source: http://expreso.ec/expreso/plantillas/nota.aspx?idart=8868840&idcat=38473&tipo=2