Nicaragua: Social Housing Boosts Construction

The changes in criteria as to what is consider social housing has contributed to the development of the sector.

Tuesday, March 8, 2011

The state subsidy, the increase in the ceiling of $ 10 thousand to $ 20 thousand for housing to be considered of social interest and the fact the Nicaraguan Institute of Social Security (INSS) made funds available for banks were factors which led to a recovery in the industry," said Alfonso Silva, vice president of the Nicaragua House Builders (Cadur).

More on this topic

Nicaragua: Social Housing

October 2011

The rising costs of materials and the government's refusal to raise the ceiling price on affordable housing could derail the National Housing Plan.

The Government is maintaining its position of not raising the ceiling price of $20 000 to $26,500, saying that would not benefit low income families.

Nicaragua: Help for Social Housing Purchases

March 2012

The idea is to build houses worth less than $20,000 in order to facilitate the purchase of decent houses by low income families.

This solution is currently being discussed by representatives of private companies, banks and the Nicaraguan government and an agreement could be reached within weeks, reports Laprensa.com.ni.

Nicaragua: Better Conditions for Social Housing Market

November 2016

The construction sector expects an increase in demand now that there has been an official increase from $20 thousand to $23 thousand in the ceiling for the price of social housing.

In addition to raising the cap so that more homes are considered of social interest and can be purchased with a subsidy on the interest rate, it was also agreed to grant a direct bonus of up to $2,000 for families to finance the purchase of a home of this kind.

Nicaragua: More Social Housing

January 2016

By 2016 the Chamber of Builders plans to build 5000 new homes, which will add to the 25,000 that the government plans to build throughout the year.

This year the private construction sector intends to maintain the pace of residential construction growth seen in 2015, particularly in affordable housing, supported by subsidies granted by the government for this purpose.

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