Post by account_disabled on Mar 16, 2024 2:24:57 GMT -6
Guillermo Herrera, executive president of Camacol, released the official figures from Coordenada Urbana on the housing market in Colombia , this was the first presentation made in 2023 in a situation that, as we know, is not the best. Two important aspects that stood out: 1. That the Mi Casa Ya housing subsidy program is the backbone of housing policy in Colombia , through which nearly 250,000 families in the country have been able to access social housing . He stated that there are nearly 40,000 households awaiting disbursement from Mi Casa Ya , and that according to the Minister of Housing, as of April 15, disbursements of the program will resume. 2. The sector requires more resources to maintain the pace of production, job creation and VIS housing deliveries . You may be interested in: Housing projects M i Casa Ya Total housing market in Colombia According to the figures presented, at the end of 2022, a total of 238,584 new homes were sold throughout the country, which corresponds to a drop of.
Compared to 2021 (which has been the record year for home sales). and at the end of the year in February 2023, there is a greater drop of -11.1% in new home sales ; The reasons for this drop, according to Dr. Herrera, have to do with the uncertainty in the market and buyer confidence, which according to Fedesarrollo is at serious levels at this time. However, it was highlighted that the starts of new housing construction in Colombia remain at relatively high BYB Directory levels, above 180,000 units. This number is important because it is the indicator that determines employment levels in the construction sector. According to Dr. Herrera, it is important to maintain investment rates with the Government, so that the sector can remain a leader in this year of economic slowdown in Colombia, and can provide notable growth at the end of the year. "72% of the new housing market corresponds to social housing." As explained by Dr. Herrera, today, 72% of the homes sold in Colombia are social housing.
He explained the context by stating that more than 10 years ago, around 100 thousand housing units were sold in the country. VIS , but 10 years ago VIS housing represented less than 40% of the market, today, it is almost double, and this is the great achievement of the housing policy, therefore, it is important because about 80% of Colombians earn less than 4 minimum wages, he concludes by stating that this means that we have a housing policy that is on the right track. Image On the other hand, VIS home sales during the last year have been in decline as evidenced in the previous graph. From this, Dr. Herrera highlights 3 conclusions: In recent years, the monthly commercialization level of VIS housing in Colombia has averaged 12,500 units; these levels have been decreasing at a higher level since October of last year. As of February of this year, there is a decrease in sales of -64% These sales levels (6,600 units) are similar to those seen during the pandemic in the most complicated 3 months that the sector has had.
Compared to 2021 (which has been the record year for home sales). and at the end of the year in February 2023, there is a greater drop of -11.1% in new home sales ; The reasons for this drop, according to Dr. Herrera, have to do with the uncertainty in the market and buyer confidence, which according to Fedesarrollo is at serious levels at this time. However, it was highlighted that the starts of new housing construction in Colombia remain at relatively high BYB Directory levels, above 180,000 units. This number is important because it is the indicator that determines employment levels in the construction sector. According to Dr. Herrera, it is important to maintain investment rates with the Government, so that the sector can remain a leader in this year of economic slowdown in Colombia, and can provide notable growth at the end of the year. "72% of the new housing market corresponds to social housing." As explained by Dr. Herrera, today, 72% of the homes sold in Colombia are social housing.
He explained the context by stating that more than 10 years ago, around 100 thousand housing units were sold in the country. VIS , but 10 years ago VIS housing represented less than 40% of the market, today, it is almost double, and this is the great achievement of the housing policy, therefore, it is important because about 80% of Colombians earn less than 4 minimum wages, he concludes by stating that this means that we have a housing policy that is on the right track. Image On the other hand, VIS home sales during the last year have been in decline as evidenced in the previous graph. From this, Dr. Herrera highlights 3 conclusions: In recent years, the monthly commercialization level of VIS housing in Colombia has averaged 12,500 units; these levels have been decreasing at a higher level since October of last year. As of February of this year, there is a decrease in sales of -64% These sales levels (6,600 units) are similar to those seen during the pandemic in the most complicated 3 months that the sector has had.