Number of Mortgage Applications in Q1 Increases by 15%, Though Values Drop by 4%

• 12 May 2021
• Local News
• 2104 Views

The number of mortgage application in Cambodia in the first quarter of 2021 increased by 15% compared to the previous quarter, according to a recent report by the Credit Bureau Cambodia (CBC).

The report added that even though there was an increase in the number of applications, the total value of mortgages, in contrast, dropped by 4%.

Meanwhile, the number of mortgage accounts as of March 2021 was recorded at 143,000 accounts, which is around 11% of the total consumer loan accounts of 1.3 million.

As of March 2021, the mortgage balance was US$5.3 billion or equal to 51.72% of the total US$10.39 billion consumer loan balance, the report added.

• Analysis
• Economy and Finance