Housing lease-purchase rates in Colombia hit 12.1%-14.9%

Colombian banks are offering housing lease-purchase financing at effective annual rates of 12.1% to 14.9%, a structure where the bank retains ownership until the property is paid off. This reflects elevated borrowing costs in the local market, likely tied to the central bank's policy rate. The high rates may dampen housing demand and weigh on construction activity, but the direct market impact is limited to the domestic mortgage sector.

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