Tag

This is a country with problems, unquestionably, poverty has risen, there is discontent with the Government's actions in several respects and the current account situation speaks for itself. BUT, this is a country that for decades has built itself against a backdrop of problems...

The loan — which is the first issued by Kennedy Funding to close in Colombia — will be used to purchase 17,000 acres of vacant land in the Sucre capital.

Mortgages only represent 7% of GDP in Colombia, a lower rate than in many other Latin American countries.

The consumer price index (IPC) rose by just 0.24% from February to March, putting the 12-month inflation rate at 3.14%, down from 3.37% in February.

The funds will significantly reduce the interest rate of some 77,000 mortgages that officials say will be generated by plan.

The increase was driven largely by a 5.94% spike in labor costs and 4.38% rise in the cost of materials.

An increase over the past month in the recreation prices (up 0.68%) and housing prices (0.30%) helped to push up the overall consumer price index.

"Proyectos Inmobilarios" platform will begin with 200 real estate projects and expand to include many more.

Colombia’s largest bank Bancolombia this week lowered the interest rates on its mortgage offerings by up to 150 basis points. According to the Medellín-based financial institution, this move means its rates now start at 0.76% monthly, or 9.6% on an annual basis. The bank said...

Funds for sanitation, water, health, and education "will bring dignified living conditions to the population," said Buenaventura Mayor Eliécer Arboleda Torres.