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High cost of land and housing in El Salvador

San Salvador, Jul 22 (Prensa Latina) El Salvador faces, today, high land prices for housing construction, especially near the country's beaches and tourist centers, Prensa Latina reported.

During a visit to areas near the coasts of the department of La Libertad, near where the Sun City tourist center and the dock for artisanal fishing built with capital donated by the People’s Republic of China are located, a “seller” told this correspondent that a lot of about 40 by 40 meters had a price of 45,000 dollars.

Another in the mountain area that characterizes the zone was priced at at least 98 000 dollars, which gives an image of how difficult is the real estate construction in the country.

A recent report by the Salvadoran Chamber of Construction (Casalco) stated that El Salvador needs more than 400 000 houses to cover the housing deficit, especially 100 000 for the poorest sectors.

There is a construction boom in the country presently, especially in the capital city, where buildings of many levels and prohibitive prices for the ordinary Salvadoran are being built.

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