Financial sector asks to guarantee funds for housing subsidies

This November 7, within the framework of the annual congress of the Colombian Chamber of Construction (Camacol)developed in Barranquillathe presidents of the various financial entities spoke about the progress of the sector in the construction industry through the so-called ‘rate war’. However, they made an urgent call to strengthen housing in the country, because, according to some, There is an intention to purchase, but tools are needed for families to achieve their dream of buying a home and to recover historical numbers in the building system.

For María Lorena Gutiérrez, president of Grupo Avalthis sector of the economy, along with infrastructure, are one of the biggest milestones of the economy. According to their data, for every peso invested in this sector, up to four more pesos are generated in the GDP, and it also boosts employment.

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“I see a Government with great goals that are not being met. When we look at the decree of the draft Budget for the year 2025, we see that the 50,000 housing subsidies are no longer there, there are 26,000. Regarding new housing, after we suffered with the changes in the methodology with the delivery of subsidies, we are seeing that they are moving. I hope we have more subsidies, but at least let’s execute“said the president of Grupo Aval.

He assured that the financial sector is very committed to economic reactivation, therefore, interest rates for housing were lowered.. However, the Government’s decisions call for reactivation from the regions to continue leveraging housing.

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In this way, it is considered key not only to keep rates low, but also to guarantee the 50,000 subsidies, in this way there would be a true reactivation of the sector.

This premise was supported by Javier Suárez, president of Daviviendawho assured that the drop in interest has been key to reactivating the sector and has begun to be felt in the industry.

PAULA GALEANO BALAGUERA
Portfolio Journalist