More Homes Needed in Managua

Despite the greater dynamism in the construction of social housing in the country, a deficit persists in the capital, where 80 thousand units are needed.

Thursday, June 23, 2016

Although there is a plan to facilitate access to housing coordinated by the Institute for Urban and Rural Housing, the difficulties faced in order to satisfy the growing demand for housing in the capital, creates an opportunity for the private sector, which could build the 80 thousand homes that are still lacking in Managua. 

On average the social interest homes that are built in Nicaragua measure 60 square meters or less, with a basic design and a total cost of less than $30,000, according to data from the Nicaraguan Chamber of Construction (CNC).

"... According to the census of settlements in the Urban Pacific of Nicaragua (2014), the department of Managua has 204 settlements, of which 157 are in the capital, of which 91.9% are located in risk zones. "

In an article from 2015 we published that "...The business of building houses for low-income families has increased in recent years in Nicaragua, driven by better access to bank credit, coupled with better pay for low-income workers.

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