Economist Alejandro Gomez: Mission Housing mean a stimulus to household savings
Date: 10/04/2011
Monday, April 11, 2011
The
Given this, the State intends to bring costs to actual prices, with intervention measures such as land, control of materials and the promotion of the industrialization of construction, as stated by the Minister of State for Transformation Gran Caracas revolutionary, Francisco Sesto, who is part of the Higher Authority of the National Housing and Habitat. "In the private sector can borrow up to a million Bolivars by a middle-class housing. That's not the real price (...) A simple housing for a family live with dignity, should not have to cost more than $ 50,000. We move between 25,000 and $ 50,000, "the 14 February at the Venezuelan News Agency (VNA). usury Gomez confirmed that the housing market has been at inflated levels. In his view, this is a bubble created by the limited supply and great demand, coupled with the sellers have set prices by reference to a parallel exchange rate, which, moreover, has no justification. Great Commission considered that the Housing Venezuela cut prices by boosting production, and sincere the mortgage market. "For thus erode usury "he said. "Housing construction would respond to real needs, regardless of the present speculative pressures on the market in recent years," he added. inherited deficit Gomez said the housing deficit, situated at two million units, due to "bad policies quarter patronage Republic, which fostered poverty, rural exodus, illegal immigrants and single parents."
"The important current government investment in building decent housing and generate economic growth, ie the people's welfare, "he said. economist estimated that the goal of building raised for this year is possible with good management, with a guarantee of resources and autonomy to make decisions. addition, specialist in Public Policy and Administration emphasized that the generation of jobs that will result from the Great Commission not only cover the construction industry itself, but related industries such as the production of pipes, paint, wood , etc. recalled that the construction has a weight of 30% in GDP, so if this area is enhanced, the growth of the economy will be multiplied. AVN
Aragüeño 
Increased gross domestic product and employment generation. And industrial experts agree that these are some of the effects from the macroeconomic point of view, which will implement the Great Commission Housing Venezuela, which will formally launch the National Government on 12 April. But an additional consequence is related to consumption habits. Economist Alejandro Gomez reported that the reduction in costs of housing units that will result from the increased supply will also result in a savings incentive family, because people will see that the possibility of buying a home is real.
is estimated that the increase in production as part of the plan (two million homes must be built in the year 2017 and 150,000 this year alone) and the rectory which exercises the state of the sector will reduce current prices of the units housing. "People will see that it is worth saving, hence, erode consumerism, because people perceive that purchasing an apartment will be more accessible. There will be a massive investment by individuals in homes, "Gomez estimated. housing prices have escalated in Venezuela prohibitively expensive for the majority, due to speculation of private construction sector.
Given this, the State intends to bring costs to actual prices, with intervention measures such as land, control of materials and the promotion of the industrialization of construction, as stated by the Minister of State for Transformation Gran Caracas revolutionary, Francisco Sesto, who is part of the Higher Authority of the National Housing and Habitat.
"The important current government investment in building decent housing and generate economic growth, ie the people's welfare, "he said.
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