Authorities stated that this week they plan to publish specifications for the construction of 750 houses, which will be delivered to those affected by the eruptions of the Fuego Volcano.
Representatives from the Ministry of Communications, announced that the tender will include the design and construction of low-cost housing, and that the process will be published in the next few days on the Guatecompras portal.
The proposal to create an entity in Guatemala in which workers can save up to buy a home is under review by two law firms, and it is expected to be presented to the congress this year.
With the creation of the Housing Savings Institute (AVI by its initials in Spanish), which is based on similar experiences that have taken place in Mexico and Colombia, it is intended to include among the beneficiaries people who receive family remittances, workers in the informal economy and the self employed.
The government has announced that it will have $8 million to subsidize interest rates on loans for the construction of six thousand middle class homes.
This is the second announcement made by the Hernández administration so far this year regarding financing for the construction of low-income housing. At the beginning of January, financing was reported for the construction of 10,000 homes in the capital and its surroundings.
Apartment buildings, gated communities and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform "Construction in Central America", by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects for which environmental impact studies (EIA) were submitted in September 2017 to the respective institutions of each country.
The nicaraguan government has announced a new subsidy on the interest rate for apartments´purchases worth up to $50,000 and constructed within buildings with no more than four floors.
In addition to this new incentive to purchase housing classified as social interest and in high rise form, the Ortega administration has announced that it will expand from $32 thousand to $40 thousand the maximum value of high rise housing that is eligible for the current interest rate subsidy.
Apartment buildings, condominiums and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform"Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects for which environmental impact studies (EIA) were submitted to the respective institutions of each country in June 2017.
An increase in the cost of construction permits, new rates for services from public entities and a more expensive labor force explain a large part of the increase in real estate sales prices.
The guild of construction companies in Panama states that prices for homes, shops and apartments are so high that in many cases buyers can not afford them.The increase, they say, is not due to increases in the cost of construction materials, but to an increase in the cost of paperwork, such as building permits, higher interest rates for loans and the elimination of some subsidies.
The government of Guatemala has announced the creation of a one-stop shop to manage environmental permits for social housing construction projects.
Through an agreement between the Ministry of Environment and Natural Resources (MARN) and the Central American Association for Housing, the single window will be implemented to make the process more expeditious.
Between May 2016 and April 2017, 176 environmental impact studies to develop high rise residential projects were submitted in the countries of the region.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects for which environmental impact studies (EIA) were submitted to the respective institutions in each country.
In Guatemala a proposal has been made to apply mechanisms such as leasing and securitization to facilitate house buying.
From articles published on Dca.gob.gt:
"With the goal of providing Guatemalans with access to a decent home, national and international experts in the development of housing and infrastructure tools this morning proposed housing leasing and securitization.During the event, a presentation was given on the functioning of housing leasing, a mechanism which would provided an opportunity for access to housing for those people who do not have a down payment to buy their first home."
In some of the most central areas of the city the price per square meter of construction is over $2,300, driven by growing demand from those wanting to live near the capital.
In an area measuring 2,900 square meters in area 17, the Municipality of Guatemala plans to develop 56 apartments in seven buildings which will each have four floors.
Plans are underway to develop the project on municipal land cited 200 meters from theJacobo Arbenz highway - road to Atlantic -, and they include 56 houses, distributed in seven buildings, in a residential area measuring 1,000 square meters and with 1,917 square meters of urbanization.
There is need to develop more vertical residential projects in urban areas at low cost and with reduced areas.
Small houses with sale prices of less than $32 thousand are what need to be built in order to increase the supply of properties for low socio-economic segments of the population in urban areas.
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