Central America's Housing Shortage

According to the IDB, the percentage of the population living in substandard homes or those who do not have adequate housing, reaches 78% in Nicaragua, 67% in Guatemala, 58% in El Salvador, 57% in Honduras, 39% in Panama and 18% in Costa Rica.

Monday, May 14, 2012

An IDB study indicates that over two thirds of households in Nicaragua, Guatemala, Bolivia and Peru live in poor housing. Brazil and Mexico are the countries which have the largest deficits.

From a statement by the IDB:

IDB STUDY: LATIN AMERICA AND THE CARIBBEAN FACE GROWING HOUSING DEFICIT

In order to increase the supply of adequate and affordable housing, countries need to improve land tenure legislation, expand financing methods and mobilize private financing

Latin America and the Caribbean are facing a significant and growing housing shortage that can only be dealt with if their governments promote greater investment by the private sector in order to increase the supply of adequate and affordable housing, according to a new study by the Inter American Development Bank (IDB).

Today, one in three families in Latin America and the Caribbean, a total of 59 million people, live in inadequate housing or in houses built with flimsy materials or lacking basic services. Nearly two million of the three million households that are formed each year in Latin American cities are forced to settle in informal housing, and in marginal areas, because of an insufficient supply of adequate and affordable housing, according to the study entitled “A space for development: housing markets in Latin America and the Caribbean”.



More on this topic

The Purchasing Power of the Poor in Latin America

July 2015

An IADB study analyzes business opportunities at the base of the pyramid in Latin America and the Caribbean, which is described as a growing market worth $750 billion.

The IDB report highlights business opportunities at the base of the pyramid in Latin America and the Caribbean.

Rental Housing is a Win-Win Solution

April 2014

Renting property is an efficient and effective way to solve the problems of the quantitative and qualitative housing deficit that affects nearly 40% of households in the region.

Greater dynamism in the sector could not only increase supply but also help owner-landlords to improve their income. In addition, there is an opportunity to be explored in supply from private large scale commercial operations.

El Salvador: $ 140 Million for Housing

November 2010

BCIE and IDB funds will finance the "Casa para Todos" (Housing for Everyone) program.

The $ 70 million Inter-American Development Bank loan will go to build 6.373 homes for low-income families, of which 2.000 would be ready by March 2011.

The credit of the Central American Bank for Economic Integration (BCIE), of also $ 70 million, "will be implemented by the National Housing Fund (FONAVIPO), which will bid the affordable housing projects to developers," Elsalvador.com reported.

El Salvador: $44 Million in Water Services

August 2010

The IDB approved a $44 million program for water and sanitation, backed by a $20 million loan from the IDB and a $24 million grant from the Spanish Cooperation Fund for Water and Sanitation in Latin America and the Caribbean.

The project’s main goal is to improve living conditions in El Salvador through the provision of adequate water and sanitation services.

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