A recent quarterly housing report roundly shows solid industry momentum through the end of 2021. It highlights that Asobancaria affiliated entities completed a substantial number of financing operations totaling 202,859, while the value of living space, or OFV, reached 24.9 billion dollars. This snapshot underlines a robust year with notable growth in both activity and market value.
From a year over year perspective, the data reflect strong performance, with the count of financing operations rising by 61 percent and the actual value climbing by 70.7 percent compared with the previous year. The report also captures the dynamics of the housing market, noting that new housing activity accounted for 128,566 OFV with a total value of 13.5 billion, while used housing transactions comprised 74,293 OFV valued at 11.6 billion dollars. These figures illustrate a broad surge across both new and existing housing segments.
As of December 2021, the nominal total balance of the housing portfolios held by member institutions stood at 88.7 trillion dollars, reflecting a real annual growth rate of 7.09 percent when compared with 2020. The housing rental portfolio has risen to 24.8 billion dollars and is identified as the segment that has shown the most pronounced expansion within the housing portfolio over the past five years.
The report also sheds light on pricing trends, noting that the average peso interest rate for VIS home purchases in December was 10.64 percent, while non VIS homes carried an average rate of 9.15 percent. Additionally, information from TransUnion is cited to indicate that marked payments through Mi Casa Ya increased by 78.8 percent during 2021, signaling stronger borrower engagement and credit activity in the year.
Looking ahead, Asobancaria projects a continuation of active market participation, expecting around 232,000 home finance transactions to be processed in the current year. The forecast translates to roughly 26.6 trillion dollars in transaction value, representing an approximate annual increase of 4.83 percent and a real growth rate near 6.83 percent versus the 2021 performance. The outlook points to sustained lending momentum and ongoing demand across both new construction and existing home markets.
These figures collectively paint a picture of a housing finance sector that remains resilient and adaptive, with strong contributions from a wide range of financial institutions and supportive market conditions. The trends highlight continued expansion in lending activity, a steady rise in housing-related credit, and a balanced mix of new and existing home transactions that together bolster market liquidity and investor confidence.
In summary, the end-of-year indicators from the quarterly report emphasize a healthy trajectory for housing finance, marked by significant transaction volumes, rising portfolio balances, and improving access to credit across key segments. The ongoing momentum suggests a stable path for housing markets in the near term, underpinned by favorable financing terms and a sustained level of borrower participation.