'Every point interest rates rise reduces VIS housing sales in the city by up to 6%': Camacol Bogotá
Edwin Chiriví, manager of Camacol Bogotá Photo: Courtesy
TL;DR
- Rising interest rates decrease VIS housing sales in Bogotá.
- A 1% increase in interest rates reduces VIS housing sales by up to 6%.
- This trend presents a challenge for the affordable housing market in the city.