Costa Rica’s housing shortage is lowest in Latin America
Costa Rica has the lowest housing-shortage rate in Latin America and the Caribbean, with 14 percent, according to a study by the Inter-American Development Bank (IDB).
The latest edition of the IDB’s flagship publication, “Development in the Americas,” notes that the national funding system for housing allows at least a quarter of the population to have a home.
The study examines the housing markets of more than 18 countries in Latin America and the Caribbean and analyzes the region’s regulations and policies. It also shows that the region has more housing slums than other countries with similar income levels, a sign that the region’s housing markets are failing to meet demand for formal dwellings, particularly for the low-income population.
Nicaragua, Bolivia and Guatemala are the countries that recorded the worst index in the region.
You may be interested
Costa Rica coronavirus updates for Monday, October 19Alejandro Zúñiga - October 19, 2020
Costa Rica announced 36 new coronavirus-related deaths since Friday for a total of 1,204, according to official data released Monday…
No road blockades reported as of late Monday morningThe Tico Times - October 19, 2020
The Public Security Ministry (MSP) on Monday reported no known blockades on Costa Rican roads and highways. At 11:35 a.m.…
We asked the Costa Rican Tourism Board your most pressing questionsAlejandro Zúñiga - October 19, 2020
Since August 1, Costa Rica has gradually allowed for tourists from select countries. Beginning in November, anyone who meets a…