The Homes that Honduras Needs

The housing deficit in the country is estimated at 1.2 million, with the difficulty faced by developers in obtaining financing having become one of the main obstacles.

Monday, June 12, 2017

Representatives from the association of civil engineers believe that in order to solve the problem of homelessness in the country, 45 thousand units need to be built every year for the next 20 years. Of these 45 thousand, 35 thousand will be to cover part of the existing deficit and the rest to meet the new demand that is emerging.

See also: "What is being built in Central America?"

Martin Mayorquín, president of the College of Civil Engineers in Honduras, explained to that "... within that figure, 700,000 are new homes and 500,000 are buildings that require renovation in order to be habitable."

"... Juan Carlos Sikaffy, vice president of the Honduran Chamber of Construction Industry (Chico), is more measured and explains that the construction of 15 thousand to 20 thousand houses for the next 15 years will be enough to reduce the backlog. "This can only be achieved if the Framework Law of the Housing Sector is approved, which is a new initiative put forward by President Hernandez ... which will be sent to the National Congress very soon."

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More on this topic

Housing Construction Figures in Honduras

April 2018

Representatives from the sector reported that during the first quarter of the year, 1,069 homes were built, which is equivalent to 14% of the total units that they plan to build this year.

According to the Honduran Chamber of Construction Industry (Chico), so far about $3.4 million has been invested in the construction of 1,069 homes, and to complete the 7,695 housing units planned, about $212 million will be disbursed in 2018.

Housing Market in Panama: What to Expect in 2017

March 2017

This year the union of housing developers plans to build 10,958 houses and apartments and generate sales of $979 million, 23% more than in 2016.

Figures from the National Council of Housing Promoters (Convivienda) indicate that in 2016, 8,864 houses were built and sales of $793 million were made, an increase of almost 8% compared to 2015. 

Honduras: Construction Could Increase 6% in 2017

January 2017

Private companies expect that in the course of the year $170 million will be invested in construction of social housing and $220 million in private residential projects.

Although the Honduran Chamber of Construction (Chico) estimates that nearly $400 million will be invested for the construction of social and private housing, it is road infrastructure which will, according to the union, have the greatest prominence in 2017.

Panama: $180 million Traded at Expovivienda

April 2016

During the event 2,575 mortgages were sold, among which social and middle class housing stood out the most, with prices ranging between $40,000 and $80,000.

The figures provided by the Panamanian Chamber of Construction (Capac) again reflect the growing need for housing that exists in the country, mainly in middle class and lower class segment.

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