Guatemala: Housing Shortage Reaches 1.2 Million

The country needs 1.2 million quality homes in order to cover its housing shortage.

Thursday, September 2, 2010

The data come from housing demand research by the Guatemalan Housing Developers Association (Anacovi in Spanish) carried out in the recently held Expocasa 2010 event.

Ricardo Obiols, Anacovi president, told that, " the country's housing shortage is approximately 1.2 million quality homes - the gap is both quantitative and qualitative".

The study's results also indicated that average family income is $1,250 per month.

More on this topic

Guatemala and the Housing Deficit

October 2015

The construction guild says that if the necessary reforms are not made to promote the construction of housing solutions, in 2020 the deficit will reach 2.1 million.

The Central Housing Association Guatemala Chapter (ACENVI), is proposing a series of legislative reforms to promote housing development and reorganize the country, which currently has a deficit of 1.6 million dwellings.

Guatemalan Builders Claim for Housing Subsidies

September 2011

The Chamber of Construction Companies is urging the Government to create a new financing model for home purchases.

Employers propose that the government subsidize up to four interest rate percentage points for the purchase of homes under $38,000 and up to two points for homes between $38,000 and $51,000. Current interest rates fluctuate between 7.5% and 9%.

$8 Million to Fill Panamanian Housing Shortage

August 2010

The Housing Ministry has a fund to support low-income families earning less than $850 per month in the purchase of a home.

The country currently has a housing shortage of approximately 125,000 houses, particularly in the provinces of Colón, Chiriquí and in the capital.

The ministry's program assists families with incomes less than $850 per month with a loan of up to $5,000 towards the purchase of a home.

Panama: $180 million Traded at Expovivienda

April 2016

During the event 2,575 mortgages were sold, among which social and middle class housing stood out the most, with prices ranging between $40,000 and $80,000.

The figures provided by the Panamanian Chamber of Construction (Capac) again reflect the growing need for housing that exists in the country, mainly in middle class and lower class segment.

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