Although in April 2018 the political and social crisis broke out in the country, builders managed to sell 3,108 homes last year, but the figure was 34% lower than the 4,738 homes sold in 2017.

You may be interested in "More than $4 Billion in Residential Construction”

The outlook for 2019 is not encouraging at all, as the business sector estimates that they will not even be able to sell the 1,000 units.

José Adán Aguerri, president of the Superior Council of Private Enterprise (Cosep), explained to Elnuevodiario.com.ni that "... Unfortunately, we returned to the starting point when we began this effort to bring housing solutions to Nicaraguan families. I mean that all the progress since 2009 has been virtually lost."

Aguerri added that "... The situation has worsened because of lack of funding on the one hand and lack of job security on the other. The sector continues to be depressed by these factors."

Also see "Construction: Next Investments in Central America”

Regarding investments in the residential sector at the regional level, reports from CentralAmericaData indicate that during 2018, 435 environmental impact studies were presented to develop condominiums, apartment buildings and other housing projects in Central American countries, and the estimated investment exceeded $4 billion.

Source: elnuevodiario.com.ni

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Businessmen estimate that between 750 and 800 houses were sold in Nicaragua during the first four months of the year, a figure that would be far from the sales reported prior to the socio-political crisis of 2018, but would exceed the sales of the last three years.

In 2017, before the political and social crisis broke out, 5,000 houses were sold in the country per year.

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According to figures from the Superior Council of Private Enterprise (Cosep), the value added in the construction sector will register a 25% decline, falling from $399 million in 2017 to $300 million in 2018.

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