Exempt the people who have a bonus to pay the premium, it’ll give them more access to a dwelling

The proposal includes a support to pay the monthly payment.

Bankers qualified the measurement like a wise decision because of the multiplicity impact that construction has and the employment.

The proposal of the elected vice-president Luis Liberman about stimulate the dwelling credits, received the approval of the general managers from the banks.

They consider it as a novelty and it’s expected to the rebirth of a landed formula that shots the dwelling construction.

On the first term, it is necessary to send the project to the congress that allows the banks to emit the bonuses for eight years with a fixed-rate loan, the titles will be regulated by the Central Bank.

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These bonuses will be in the market according to the banks requirements for dwelling loans. “Like this, the cost for the users of the loan will be covered without oscillations of the tax rate during the first eight years”, said Alfredo Volio, president of the Executive Chamber of the National Bank.

The other component of the Liberman is the proposal to apply a state grant in the payment of the tax loan for dwelling and not just the premium, as it happens currently.

Actually, a bonus is directed to be given at the moment of the purchase of the property. The proposal is the aid to pay the monthly payment that in many cases the families can afford even though they have the income of three to four minimum salaries that today rounds 175,000 colones monthly. Considering a salary of 600,000, a dwelling loan for 15 years of 16 million colones and a rate of 13,75%, it’ll demand a monthly payment of 210,000 colones

“It seems to me very accurate measurements especially because of the multiplicity impact that the housing construction sector has and other activities and the need to generate trust, more investment and generate more employment”, said Gerardo Corrales, CEO BAC San Jose

The dwelling bonus is an instrument in which the most important issues are to provide the access of a house for those people and families with the lowest resources. Meanwhile, some managers believe that there is more need of analysis to this proposal.