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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

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

Posted On 07 Feb 2016

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

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