dinero_admin The Government of El Salvador continues to make the necessary efforts to ensure salvadoran families have access to decent housing. Thanks to the current climate of security in the country, more people are seeking to purchase property, and this has also had a positive impact on attracting and implementing private investment.
“The Ministry of Housing is working with private companies on low-income housing projects to guarantee decent spaces within the population’s budget”, said Housing minister Michelle Sol, highlighting that legal frameworks have been created to facilitate the implementation of these initiatives for investors.
“There are several investment initiatives in the country, and construction has not been left behind. The Dirección de Ordenamiento Territorial y Construcción (DOT) was recently created, which will streamline the paperwork that investors complained about in the past”, she said.
The real estate sector is experiencing a boom, as the salvadoran government has provided legal security to investors, eliminated red tape for the development of their projects, and improved public safety. Minister Sol highlighted the increase in housing demand due to the support given to entrepreneurs.
“We are holding discussions and meetings with the Cámara Salvadoreña de la Construcción (Casalco) for these projects. We have taken their opinions into account to create legal frameworks that encourage them to build affordable housing. There are many families who want to invest in their homes. It’s a business opportunity for the private sector”, she said.
Affordable housing projects must be in areas with access to public transportation, basic services, and not be spaces that put families’ lives at risk.
The Government of El Salvador maintains its vision of supporting and working with private enterprise, providing them with clear rules so they continue to trust the country to invest in housing projects at fair prices for the population.
