Anxiety in Nicaragua's construction sector

The Nicaragua Chamber of Construction is "anxious" about the possible passing of the Dignified Housing Law by the National Assembly.

Thursday, July 3, 2008

After returning from vacation in August, the deputies will be asked to approve two investment-sensitive laws: the Law of State Contracts and the Dignified Housing Law.
As proposed, the construction sector has serious reservations about the negative implications for private property.

More on this topic

Demands for Adjustments to Social Housing Prices

December 2012

The Chamber of Construction Companies in Nicaragua has requested an adjustment to the maximum setting to qualify for benefits for social housing, in relation to the current costs of construction.

Laprensa.com.ni reports that "Law 677, or the Special Law for the Promotion of Construction of Access Housing or Affordable Housing, is almost obsolete.

Demand For Homes Exceeds Supply

March 2012

Every year the demand for housing in Nicaragua grows by 15,000 families, but only 10,000 new housing solutions are built.

In Nicaragua, some 25,000 houses are needed annually to meet increasing demand, which increases by 15,000 families each year.

Over the last two years, the annual deficit has fluctuated between 5,000 and 15,000 homes according to business owners in the construction sector, while the accumulated historic deficit is about 700,000 housing units.

Nicaragua: Changes to Housing Subsidies Requested

January 2012

Construction industry representatives have asked the government to raise the ceiling applied to subsidies for the purchase of social housing.

The government maintains the position of not raising the price ceiling of $20,000, saying that it would not benefit low income families.

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