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).
Employers in the construction industry forecast a 4% growth in 2012
The Chamber of Construction in Guatemala noted that this year they expect industry growth of 4%, the beginning of the revival of that sector.
The president of the Chamber of Construction, Jorge Montenegro, recognizes that the market after a slump of several years, is finally seeing an improvement. "Something that has helped is that remittances are growing and one of their main uses is to build housing," said the business leader according to Siglo21.com.gt.
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
The main business chambers of the country argue that issuing additional bonds will jeopardize macroeconomic stability and drive prices up.
Jorge Montenegro, president of Cacif, a committee that includes agricultural, commercial, industrial and financial associations, called on congressmen to act with responsibility.
Guatemalan businessmen complain for what they consider high fees for X-Ray container revision at Port Quetzal.
Cacif, a private association of agricultural, commerce, industry and financial chambers sent a letter to the Executive, requesting the suspension of the contract with company Desarrollos Circe, until the economic implications of the revision fees are analyzed.
The ATM business has a lot of room to grow in Guatemala where the banking market is still in its beginning stages.
An article published in La Prensa Libre in Guatemala analyzed the market for ATMs in the country. At present, three companies compete for the market: T&T, with 1,100 ATMs, Banco Industrial with 546 and BAC-Credomatic with 100.
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