2024-01-23 14:19:57
Home sales fell 45% in 2023 compared to the previous year, representing a reduction of $20 billion in housing investment by households, according to the Camacol report.
Regarding Social Interest Housing (VIS) sales, they contracted by 50% last year, compared to 2022.
Another of the most critical issues is withdrawals, since nearly 38 thousand households have had to abandon the purchase of their home.
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The previous figure represents a growth of 62.9% compared to 2022. 78.1% of the units abandoned were VIS, with which the segment increased the volume of resignations by 91.5%.
“According to the analysis carried out by Coordenada Urbana, 31% of withdrawals from the VIS segment occurred due to the changes made by the Ministry of Housing, City and Territory to the Mi Casa Ya (MCY) program, while factors associated with credit They weigh 25% in the causes of resignations. Combined, both factors explained regarding 16,500 of the 29,468 units abandoned in the VIS segment,” said the construction companies union.
In this regard, Guillermo Herrera, president of the union, said that they hope “that during this year mortgage interest rates will begin to moderate following the inflation trend. This will improve the financing conditions of households that want to buy housing and will be a determining factor in reducing withdrawals,” but added that the VIS segment requires the boost of the housing policy that begins the year with a deficit close to the 25 thousand subsidies.
Regarding work starts, the report indicates that the decrease in sales has impacted the start of work on new projects. By December 2023, a total of 138,418 homes had been started compared to the 193,387 counted at the end of 2022 (-28.4%).
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