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José Antonio Velásquez, leader of the Cámara Salvadoreña de la Industria de la Construcción (CASALCO), admitted the scarce availability of homes in the US$50,000 to US$80,000 price range.
He recently held a meeting with the minister of Housing, Michelle Sol, to explore solutions to provide more affordable alternatives to the citizens of El Salvador.
In addition, the Government of El Salvador has ceased its participation in the construction of social housing, allowing the market to regulate prices according to supply and demand. The private sector lacks incentives to generate housing with more accessible costs for the income of most salvadoran families.
Also, because El Salvador is a country with a limited territorial extension, the space available for construction is depleted.
Lack of housing can undermine sustainable urban development efforts by contributing to informality, displacement, congestion, and inequality, highlighting the importance of policies that promote affordability and equity in access to housing.
Translated by: A.M