Sunday , August 25 2019
Home / senegal / Construction of new housing: in October, the fall is slowing down

Construction of new housing: in October, the fall is slowing down



In October, the construction of new houses is better

Building permits and a new home begins, which has fallen sharply since the beginning of 2018, fell in October. Thus, although the reduction of construction permits in June-September exceeded 10%, in October it was 122,400 units, which decreased by 5.9% year-on-year. According to the data of the Ministry of Territorial Cohesion, their decline was only halved only in October. rThe beginning of housing has also been mitigated to a lesser extent. Their number dropped from 6.5% to 87.500 between August and October, but dropped by 7.9% between July and September. The situation has improved considerably construction constructions. Construction permits in the third quarter decreased by 17%, but only by 9%. The reduction will also decrease for single-family houses whose permits have been reduced by 6.6% from 10.9% in advance.

Good to know

Construction licenses in October 2018 amounted to 122,400 units.

Elan's Law: Construction Experts Waiting

Although the government has promised to resume the offer through a housing bills (Elan's Laws), market actors are raising a number of reasons for the decline in the current volume of construction. In the case of buildings, the world of social housing indicates that the executive's demand for savings of up to EUR 1.5 billion per year does not indicate projects, while the initiators highlight the reluctance of local officials in the run-up to the 2020 elections. Among the representatives of households, in particular, at the end of 2017, the government announced the reduction of the geographical scope of several property subsidies, such as a zero interest rate loan (PTZ), which is particularly due to the decline in construction. In any case, ratecancellation of permits In October, compared with September, it grew rapidly – it was 28.4% versus 11.4% of the population.


Source link