The construction union showed its concern regarding the drop in sales of housing units in the department of Boyacá, according to Ana Elvia Ochoa, director of the Colombian Chamber of Construction, Boyacá – Casanare regional, the reduction in sales has been more than 50%.
“The reality is quite regular for the construction sector, We completed approximately 12 months of consecutive falls in new home sales in Boyacá; So far this year, until the month of October, 1,278 housing units have been sold in the department, which means a quantity less compared to 2022 of 1,300 homes, that means a reduction of 50% and a little more”he explained.
The most affected cities are Tunja and Paipa, among others.
“In the department of Boyacá that The cities of Paipa and Tunja have been mainly affected, where the falls have been 66% and 53%”, assured the directive.
He stated that, according to the figures that continue to decrease, at the end of 2023, the sector would be declining in sales by up to ten years.
“We are going to sell less than half of the housing that was sold in 2022, less than half of the housing that was sold in 2021, we are even going to be below the housing sales of 2020, we are returning to the sales levels of approximately 10 years ago“, said.
Ochoa also stated that the outlook for the sector is worsening taking into account the reality of the country.
“To this situation something additional is added, and that is that the conditions of the macroeconomic environment of the country in the matter of allocation of subsidies or incentives that have been given, have been, let’s say, delayed by the National Government and this has meant that we are not launching either new projects to the market, in that sense, it is important to highlight that During the months of July, August and September, the units launched were below the historical average, which means that in this last quarter and in cities like Tunja, jobs were lost.”.
He also indicated that the outlook is not encouraging and they will have to look for new reactivation alternatives.
“The outlook is not the most encouraging and We will have to resort to new forms of agreements with departmental and municipal governments, to see how we look for schemes and strategies to reactivate the housing market in the department of Boyacá”, he concluded.