Anzoátegui: Sales of properties fell from 50% to 60%

Source: Tiempo.com.ve22/12/2009
LECHERÍA/BARCELONA.- Directors of Real Estate Chamber of Anzoategui say there is no indication that 2010 will be better than today. Although they have not done calculations at the close of 2009, estimated that the sale of real estate fell 50%.
Guild Vice President Jose Ramon De Los Rios, considers the elimination of the Price Index of Construction (IPC) operations negatively impacted the housing market.
"It was a hard blow to the sector, especially for the construction of social houses. So buyers most affected are those with fewer economic resources.
In his view, was a wrong decision, because now the developer has to estimate the increase in inflation over the next two or three years before starting the work to set the starting price.
He said that not building new housing developments. "We are completing the initiated and by 2010 there were no plans. The private sector will not invest if there is no change in current economic conditions.
He reiterated that housing developers need clear rules to revive the sector in order to recoup the investment and ensure a profit margin of between 8% and 10%.
De Los Rios noted that no conditions exist to build rental housing. "It is a profitable business. They have frozen eight years, while taxes, services and condominiums rising all year. "
Angel Balza, Alb corridor Properties (Century 21), cited among the causes of this decline, declining consumer purchasing power and stalling, since October, of the credit portfolio of banks.
Josefina Gonzalez had to sell his car and borrow from his family to follow their dreams and make a down payment on her apartment. "There are few options for buying a home, because besides the high costs take long to finish it. In my case I hope the mayor grants permits for protocolize habitability. Then come all expenses for equipment because the homes delivered in gray work.
In the town center area Anaco, sales and rental of real estate fell 60% this year compared with 2008, said Aaron Canozo, president of desktop real estate law that bears his name. He said this based on data from the five companies operating in the sector organized in the jurisdiction.
The casualties on both counts, he added, are due to the lack of liquidity in the market, high rents and housing costs. He added that the bank loans were limited and construction industry is virtually paralyzed.
Uncertainty and Expectation risks of investing in the construction sector could reduce the housing supply by 2010. "If this year executives to develop 200 homes, now make 10 or 20 units to sell quickly and recoup their investment."
At least 2 years requires a developer to build a housing development. At least six months it takes to get the file permissions. According to the Chamber of Real Estate during this period increased financial costs to 60%.