Financing for housing and sustainable urban development will be the topics under discussion at the event to be held on August 22 and 23 in Managua.
The Chamber of Builders in Nicaragua and the Inter-American Housing Union are organizing the event, which will bring together professional financial real estate companies, developers and builders, banks and finance companies, savings and loans companies for housing, cooperatives, investors, and representatives of public entities.
On May 17 and 18 architectural and engineering professionals, builders and government officials will be meeting in San Jose to discuss issues related to land ordinance and housing.
From a statement issued by the Central American Housing Association:
San Jose, April 26, 2016. The III Pan American Congress on Housing will analyze the problems of the Central American countries in establishing land use policies, urban development and inclusion of social housing, in order to propose and promote good practices and publicise successful experiences applied in Latin American countries.
Private construction fell by 2.6% as a result of the construction of middle-class housing, which accounted for 40% of all residential buildings, recording a drop of 15%.
Constructions for the private sector went down by 2.6% yoy in the fourth quarter 2015. According to a report by the Central Bank of Costa Rica (BCCR), the contraction is mainly explained by residential buildings, which fell to an annual rate of 15%, with middle class homes and residential buildings showing the biggest declines.
The Ministry of Housing plans to invest $60 million in the construction of two vertical residential projects in San José and Cartago, aimed at families living in conditions of poverty.
One of the projects will be located in Tres Rios, Cartago, and involves the construction of 13 towers, each three storeys high, with 156 apartments of between 43 and 45 square meters each.
In the first seven months of the year the number of square meters approved for construction of new buildings fell by 10,1% compared to the same period in 2013.
From a statement issued by the Costa Rican Chamber of Construction (CCC):
In the first 7 months of this year, the number of square meters processed fell by 10.1% compared to the same period last year.
Officials of the new Solis administration said that in the awarding of works "there is blatent and entrenched favoritism" that "is a disadvantage" to companies who "are not friends of anyone."
An article in Nacion.com reports that "... The chief executive of the National Institute of Housing and Urbanism (INVU), Sonia Montero Díaz denounced the existence of a 'monopoly' in the construction of houses for social welfare. "