BANCO POPULAR EXTENDS FERIA HIPOTECIARIA
(Financial facilities and open to the public until next Sunday.)
Banco Popular announced the extension of The Feria Hipotecaria (Real Estate Fair) until next Sunday, June 26 as a result of the audience, constructors, real estate agents demand and the high attendance of the public. The Fair will continue with the same benefits, offering the credit facilities, and exhibiting the realty projects from the most prestigious real estate companies located at the institution headquarters, Torre Popular.
From Thursday on, the Fair has resulted in an extraordinary success, reporting sales of more than 900 real estate units and loans approved by a value superior to RD$1,200 million as of Sunday the 20th , at noon.
The Fair will continue open to the public, from 4:00p.m. to 10:00 p.m. Monday to Friday and 10:00 a.m. to 10:00 p.m. Saturday and Sunday.
According to the Public Relations and Marketing departments, the decision of extending the fair will allow for the great amount of business that has already initiated between real estate exhibitors and potential clients more time to close. These believe that having over 30 real estate agencies and sales promoters, offering more than 15 thousand homes, together for a longer period of time will allow for extended benefits.
In addition, the extension of the Fair offers clients from other provinces more time to enjoy the benefit offered by the nationwide financial facilities, being able to contact constructors and intermediaries in their area, and obtaining credit facilities through the bank’s office network, consisting of more than 180 offices across the country.
The Fair offers buyers the best financial facilities in the market, discount prices for legal services, insurance, and appraisals. They are able to receive loans that cover up to 80% of the value of the acquired house under a 20 year term lease, with a fixed rated of 14.95% for a period of 6 months or 15.75% for a period of a year. In addition, the Fair offers credit facilities in dollars with attractive rates and a payment term of up to seven years.
Even though the primary objective of the Fair has been to offer financial facilities for family homes, the great demand of the commercial lots and premises have been of great importance as well.
The exhibition allows thousands of visitors to appreciate an extensive variety of real estate units, which includes standard and luxury homes as well as having the opportunity to compare a variety of bids and offers, and to negotiate with representatives from different agencies.
Companies exhibiting at the Fair have defined this as an experience without precedents in the Dominican financial market and emphasized their satisfaction with the institution. In addition, they were delighted with the decision of having extended the Fair for an extra week as well as the extraordinary results obtained by the sales.
