Nicaragua: Optimism in Housing Market

The construction trade union intends to sell around 6,000 homes in 2018, a figure which is 20% higher than the amount of units sold in 2017.

Wednesday, January 17, 2018

pan dir="ltr">For the construction sector, the year starts with the Expo-Casa fair that will be held in February, 60 urban projects will be included in the event and it is expected that 250 houses will be sold. Representatives from the Chamber of Developers of Nicaragua (Cadur) estimate that during Expo-House around $10 million worth of mortgages will be sold, and for the sales projections of 2018 the amount of the credit could reach $170 million.  

See "Nicaragua: More flexibility for the housing market"

Héctor Lacayo, president of Cadur, told Elnuevodiario.com.ni that "... ' In 2017 we sold more than 5,000 homes. This year, given the conditions and work done last year, we expect growth of between 15% and 20%, which would mean some 6,000 homes sold' ."

The president of Cadur also detailed that in Expo-House event that will take place next month "... " banks will be present that are hoping to sell about US $170 million worth of mortgage credit this year. At the fair (in February) they expect to sell US $8 to US $10 million.'"

More on this topic

$10 million In Deals at Real Estate Fair

February 2018

In the construction and housing fair that is taking place in Managua, developers plan to sell 250 homes, mainly of the multifamily type.

For this fair, the country's various banking institutions have $180 million available for  mortgage loans. 

Bet on Housing Construction

November 2017

In Nicaragua, incentives for financing and construction are driving growth of the real estate supply, especially the development of multifamily complexes.

A recent reform of the special law to promote financing and construction of low-income housing explains the strong momentum that the activity has seen in recent months.

Nicaragua: More Financing for Social Housing

September 2017

Through a trust belonging to the Nicaraguan Institute of Housing $31 million will be available to finance the purchase of social interest housing, with a fixed interest rate of 7.5%.

Like the construction sector, banks have started backing financing of social interest housing. In the first half of the year, loans granted for the purchase of this type of housing registered an increase of almost 17%, according to reports from the association of developers.

Real Estate Fair in Nicaragua

August 2016

During the event 50 housing products with prices ranging between $50,000 and $250,000 will be showcased, and it is expected that negotiations will exceed the $3.5 million traded at the fair in 2015.

The event is being organized by the Chamber of Builders of Nicaragua and will be held from September 9 to 11 at the Crowne Plaza in Managua.

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