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.
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 Chamber of Construction Companies is urging the Government to create a new financing model for home purchases.
The Housing Ministry has a fund to support low-income families earning less than $850 per month in the purchase of a home.
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.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar