National Housing Policy in Guatemala

During the inauguration of " Expo Casa" President Perez Molina announced the provision of 18,000 housing subsidies and another 6,000 for the "piso seguro" (safe floors) project.

Thursday, June 14, 2012

The current housing deficit in Guatemala is estimated at 1.7 million, and the plan is to resolve this by Government led construction of houses using the Guatemalan Housing Fund (FOGUAVI), which has a budget of about $58 million a year for real estate projects.

The announced policy includes programs for the provision of 18,000 housing subsidies and another 6,000 for a program called "safe floors", which will provide cement for homes which have dirt floors.



More on this topic

Plan for Home Ownership

November 2012

An announcement has been made in Guatemala for a housing subsidy program for public officials, and mortgage credit lines for private employees.

Prensalibre.com reports that Alejandro Sinibaldi, Minister of Communications, Infrastructure and Housing (CIV in Spanish), advertised the program, after having opened the sixth edition of the Housing Fair Expocasa, organized every year by the Guatemalan Construction Chamber (CGC).

The housing deficit in Guatemala

April 2012

In Guatemala, where the housing deficit is 1.5 million units, they only manage to produce between 20,000 and 50,000 homes a year, a situation that is forcing authorities and the private sector to find solutions.

The minister of Communications, Infrastructure and Housing (VIC), Alejandro Sinibaldi, told Lahora.com.gt that at present, the housing deficit in Guatemala is 1.5 million units.

The Housing Market in Guatemala

February 2012

The deficit between supply and demand for housing solutions is growing every year, requiring state policies for the creation of credit systems for low-income sectors.

In Guatemala, the demand for housing grows between 55,000 and 60,000 units every year, but only 20,000 new houses are built, calculates the Guatemalan Chamber of Construction (CGC).

Expocasa in Guatemala Expects $26 Million in Deals

June 2011

From now until June 5, 2011 Expocasa is taking place in Parque de la Industria..

During the fair, real estate developers expect to finalize the sale of some 450 homes.

"Jorge Montenegro, president of the Guatemalan Chamber of Construction (CGC), explained that the purpose of the fair is to stimulate and boost the housing sector by offering historical interest rates for housing loans." reported an article in cnn.com.gt

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