Tuesday, 21 March 2023 15:45

As interest rates rise, housing costs soar

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According to the International Monetary Fund (IMF), these price changes highlight that housing markets are adjusting to rising interest rates imposed by central banks in an attempt to contain inflation. Interest rates on housing loans had been on a downward trend, but with the recent interest rate hikes, an upward trend is expected.

The Dirección General de Migración y Extranjería (DGME), recommends salvadorans, who are planning to leave the country during the Easter vacations, to verify in advance the validity of the passport, in order to avoid inconveniences for their plans.

Today the Comisión Ejecutiva Hidroeléctrica del Río Lempa, delivered the "Casas Malla" project to 13 families living in the Housing Complex of the municipality of Carolina, in the eastern part of the country.

A new group of salvadorans have packed their bags to travel legally to Canada, where they will be hired by companies to work temporarily in different areas. The opportunity is part of the Labor Migration Program.

Salvadorans in different municipalities have the opportunity to buy food at fair prices in the agromarkets, organized by the Ministerio de Agricultura y Ganadería (MAG) with the support of other institutions of the Central Government.

With the purpose of feeding the world to fill it with well-being, CMI Alimentos, a group of Corporación Multi Inversiones (CMI), inaugurated the second edition of EXPO PAN, PIZZA Y REPOSTERÍA 2023, the largest event of this industry in Central America and the Caribbean, which brings together the most important suppliers and buyers in the region, as well as national and international visitors.

The Ministerio de Trabajo continues to generate the conditions for a greater number of salvadorans to have access to decent employment in private companies in different productive and service sectors.

The Instituto Salvadoreño de Turismo (ISTU), details that it continues to reap excellent results in its management, specifically in what refers to the development of tourism, proof of this is that in the first two months of this year it has already received more than 400 thousand international visitors.

The global insurtech market is projected to generate revenue of $57,934.0 million and register an increase in its compound annual growth rate (CAGR) of 29.1% during the forecast period 2021-2028. This significant growth during the analysis period is due to increasing technological advancements in such companies, according to a report published by Research Dive.