Funding is not to blame. After passing the most severe part of the financial crisis, banks are now offering home loans at favorable conditions and accessible to incomes of all spectrums. The problem is that there is insufficient supply in the housing sector in the ranges of $70 thousand to $80 thousand.
According to the report in Elfinancierocr.com by Leticia Vindas, "families who earn between $380 and $1500 have access to the National Financial System for Housing and can choose to build their home with the help of state benefits (bonos de ayuda) reasonable supplies of real estate of this type do exist for this sector.
According to Eloisa Ulibarri, executive director of the Foundation for Housing Promotion (Fuprovi), "Profits made by developers are substantial and this doesn’t do anything to promote projects for the housing sector for middle class people.
Source: elfinancierocr.com
More on this topic
November 2010
The properties to be auctioned in November are located in the provinces of Panama and Colon.
The auction will be conducted by the Administrative Unit of Reverted (UABR) of the Ministry of Economy and Finance.
The properties are located in Pedro Miguel and Albrook, Panama, and three in the area of David, in Colon.
March 2011
The five-story building, with a construction area of 4,127 square meters, is valued at $ 1.07 million.
There is up to 80% financing available for the purchase.
Eight months ago, when it was offered for the first time, the sale price was $ 2.17 million, "the new price ... responds to conditions of the property, which needs repair, as stated in the advertisement," Nacion.com reported.
May 2009
From March 2008 to March 2009, office buildings in the greater metropolitan area went from 7% unoccupied space to 11%.
Several buildings, whose construction began before the crisis, were completed in 2008 and had to face the difficulty of renting their offices.
Sergio Morales in his article in Elfinancierocr.com reflected the opinions of real estate market analysts, including Antonio Perez, general manager of Multifondos, who believes that "one of the consequences of this real estate behavior will be pressure on prices, either to keep them unchanged or force a decrease."
May 2008
Commercial real estate is in short supply in Guatemala, under pressure from a sharp rise in demand in recent years.
In the San José area, some 450,000 square meters of commercial real estate have been built, but only 10,000 square meters is still available, according to a study by Colliers International.
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