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

Construction Procedures Bill Passed in El Salvador

November 2013

It is expected that its entry into force will accelerate the procedures for granting permits for construction projects.

From a press release issued by the Legislative Assembly of El Salvador:

During the plenary session, the deputies approved with 70 votes, the Expediting Act on Procedures for Construction Project Development, which aims to promote economic and social development, by streamlining processes and procedures relating to the granting of administrative permits and approvals for the development of construction projects and its subdivisions.

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.

Construction of New Legislative Building Announced

December 2011

The president of the Salvadoran Assembly has presented an outline for the the new Legislative Assembly building project.

The project will be financed by the Inter-American Development Bank (IDB) with $5 million, over a 25 year term.

The new 8 floor building will have a meeting and conference room and larger installations than those at the current site, among other things.

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.

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