Housing Industry Wants to Consolidate Recovery

In 2011, house sales in El Salvador grew by 4%, and the industry is planning new campaigns to encourage home ownership.

Friday, January 13, 2012

Strengthening the housing market is a key item for the construction industry to consolidate the economic recovery of 4% recorded in 2011, noted the Salvadoran Chamber of Construction (CASALCO).

The union has decided to boost the campaign entitled “Your own home, wellbeing guaranteed” for six months. In this way, CASALCO is providing guidance on the requirements for buying a home, housing projects and steps to legalize properties.

"A house becomes the greatest asset that a family has throughout their lives", said Mario Rivera, president of CASALCO.



More on this topic

Construction Awaits Better Times

November 2018

Expanding to $150.000 the range of homes with preferential interest and guaranteeing real estate leasing are two of the changes that could boost a recovery of activity in Panama.

Construction in the country has reported a downward trend in recent years, however, representatives of the Panamanian Chamber of Construction (CAPAC) expect that with the arrival of a new government and the start of major works such as Metro lines 4 and 5, the sector may re-emerge.

Nicaragua: Growth in Private Construction

July 2012

In the first three months of this year 2012, private construction reached an annual average growth of 46.8%.

According to the Central Bank of Nicaragua, the sectors that contributed the most to this growth was the construction of residential housing with an increase of 59%, construction services (hotels, warehouses, hospitals, etc.), with an increase of 9.1% followed by industry with 6.2%, and commerce with 4.9%

Salvadoran Construction Sector Grows

December 2011

After five years of numbers in the red, the construction sector will close this year with growth of 4.6%.

According to the Salvadoran Chamber of Construction Industry (Casalco) the execution of public works was one of the factors that contributed to growth.

In an article in Laprensagrafica.com Ismael Nolasco, executive director of Casalco said, "’A very close estimate is 4.6%, which would be a positive increase in five years within the industry. The acceptable performance of public investment has had an influence, of the $1.200 million announced, we have reached a rate of about 60% to 70% of investment, which had a favorable impact on the industry’s performance.’

Slow Recovery for Salvadoran Construction

October 2011

The construction sector grew by 3% in the first quarter of 2011, the first positive change since 2007.

According to the Central Reserve Bank (BCR) in the first three months of the year, gross domestic product (GDP) in the sector rose by 3%.

Ismael Nolasco, executive director of the Chamber of Construction Industry (CASALCO), said, "Since 2007, we have not been positive, only in the third quarter of 2009 have we reached 0.7%."

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