Construction costs rise in El Salvador
A dramatic rise in the cost of steel and other construction materials has resulted in an increase in housing prices in El Salvador.
Thursday, June 26, 2008
Iron prices have risen three times in 2008, with the result that construction activity has decreased by two percent.
Starting the first half of January, an increase between 5 and 7% is being discussed.
A recent increase in cement prices is being blamed in Honduras for a 30 percent rise in the cost of housing construction.
The stimulus activities undertaken by private constructors in the first half of the year resulted in mild recovery signals by June.
In 2011, house sales in El Salvador grew by 4%, and the industry is planning new campaigns to encourage home ownership.
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