Inside the Guatemala the newest housing marketplace faces one or two vital challenges, a leading deficit and you may substandard quality away from existing properties. Based on investigation in the Guatemalan Vice Ministry of Casing, the entire housing deficit are 1.2 billion equipment, and of these alot more one to 700,000 make up this new qualitative deficit. Approximately 20% out of domiciles run out of one or more earliest services and you may twenty-five% out-of property experience overcrowding. Broken down by money, 591,167 domiciles are needed for the terrible together with significant terrible property as well as over 420,000 property for reasonable-reasonable earnings family members (Velasco and you can Solo, 2008).
Centered on World Financial quotes these clickcashadvance.com/payday-loans-wi/ loan providers coverage in the that 5th of your own need for home improvements and you can very first properties provision (Velasco and you will Unicamente, 2007)
Deficiencies in entry to economic attributes essentially and you will property financing particularly aggravate this new security issues of your own worst. 74% out-of Guatemalans was unbanked (eight.one million homes) and 55% of these have never done a bank transaction (WRI, 2006).