In 2022, 48,351 bonds were placed for a total value of S/1,490 million. An additional 7,000 subsidies are required this year, especially for new homes, Capeco says.
The placement of social housing bonds could fall 15% this 2023 according to the Peruvian Chamber of Construction (Capeco), which would not be the ideal scenario, since the housing market of this type has not yet been covered and the gap is accentuated in new buildings. In 2022, 48,351 bonds were placed for a total value of S/1,490 million.
“Good news regarding the resources for bonds: at this moment we have secured resources for 41,000 homes, 7,000 homes would be missing to reach the 48,000 bonds that were disbursed the previous year. What is missing are almost 6,000 bonds aimed at the segment of new housing. Likewise, S/296 million is a controllable figure, although the ideal would be for us to have a higher sale because the social housing market has not yet reached a level of coverage of all segments”, commented Guido Valdivia, director Capeco executive.
It should be noted that the disbursement for new homes through Techo Propio in 2022 is the highest number since this program was created in 2003, surpassing the previous record that occurred in 2021 by 55.9%. In the case of construction on its own site, 41.7% less bonds were disbursed compared to 2021 and 56.2% less compared to the record year of 2015.
How will the construction sector fare in 2023?
The sector grew 6.8% in November 2022, adding three consecutive quarters of growth, according to INEI figures. This growth has occurred despite the political and social crisis, Capeco said. The union estimates that the sector will grow 4.6% in December, as a result of an 8.5% contraction in cement consumption and a 46.7% increase in the execution of state works.
In this way, the sectoral production would have closed the year 2022 with a rise of 4.3%, This rate is even higher than the one estimated by the BCRP in December (3.5%) and is mainly explained by an increase in the progress rate of State works of around 21%.
The union points out that, by 2023, the sectoral production scenario is complicated by the worsening of the social conflict that has not yet been able to be controlled by the government of President Boluarte. In this context, a contraction somewhat greater than 3.0% is much more likely, as estimated by private consultants.
Source: Larepublica
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