Private companies expect that in the course of the year $170 million will be invested in construction of social housing and $220 million in private residential projects.
Although the Honduran Chamber of Construction (Chico) estimates that nearly $400 million will be invested for the construction of social and private housing, it is road infrastructure which will, according to the union, have the greatest prominence in 2017.
In an area measuring 2,900 square meters in area 17, the Municipality of Guatemala plans to develop 56 apartments in seven buildings which will each have four floors.
Plans are underway to develop the project on municipal land cited 200 meters from theJacobo Arbenz highway - road to Atlantic -, and they include 56 houses, distributed in seven buildings, in a residential area measuring 1,000 square meters and with 1,917 square meters of urbanization.
So far this year the government of Panama has called 48 tenders for the construction of 31,000 homes, worth $560 million.
Figures from the Business Intelligence Unit at CentralAmericaData com show that the Panamanian government has called 48 tenders for the construction of 31,200 social housing units so far this year, which were published on the purchasing website Panamacompra.gob.pa between June 13 and November 23 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.
The eventual increase from $20 thousand to $23 thousand as the ceiling price for affordable housing is seen with good eyes by the construction sector, which expects an increase in demand.
A spokesperson for the union of builders and developers in the country explained that if the increase is formalized more families will have access to financing at preferential interest rates, enabling them to buy a home through the Social Fund (FOSOVI).
One million social housing units need to be built in order to cover the shortfall, which is concentrated mainly in Tegucigalpa, San Pedro Sula and Choloma.
Building at least half a million new homes and improving about 600,000 that do not meet the minimum conditions of habitability is what is needed in Honduras, particularly in the cities of San Pedro Sula and Tegucigalpa.
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