The New home sales (VIS and Non-Vis) continue in free fall In colombia. In April there was a 62 percent decrease in the commercialization of units, as revealed by the Colombian Chamber of Construction (Camacol).

In the specific case of Social Interest Housing (VIS), the figures also fell in the fourth month of the year. 5,674 units were soldthat is, 11,117 less compared to the same month last year, which means a decrease of 66 percent.

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In April there was a decrease of 62 percent in the commercialization of units.

The Camacol report also reveals that during the first four months of the year total sales fell 55 percentwith a contraction of 59 percent in the VIS.

In addition, in the last twelve months up to April, 186,416 new homes have been sold, a figure that represents a decrease of 30 percent. The drop in VIS sales in said period was 31 percent in annual terms.

(Read also: The serious increase in the withdrawal of home purchases in Bogotá and the region)

All the actions will be decisive to reactivate the behavior of the GDP of the construction sector

The president of Camacol, Guillermo Herrera, assures that «all actions, in a countercyclical strategy, will be decisive to reactivate the behavior of the Gross Domestic Product (GDP) of the construction sector, especially that of buildings».

According to the revealed DanishThe drop in GDP in this sector in the first quarter of the year was 3.1 percent compared to the same period in 2022, especially due to the behavior of civil works.

For his part, he GDP from the construction of residential buildings and non-residential there was a positive variation of 2.6 percent during the first three months of the year, much lower than the 11.9 percent growth observed in the same period of 2022.

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These results should be seen as a sign
alert to implement all sectoral and housing policy actions

The president of Camacol affirmed that It is very important to reactivate the building activitygiven the risks on employment that can be had by not reversing the current negative trend.

The initiations of new works of housing construction VIS in April they decreased 39 percent, compared to the same month of 2022, while the volume of activity that stopped its construction process increased 30 percent annually in the first quarter of the year.

«These results should be seen as a red flag to implement all sectoral and housing policy actions that allow the volume of activity that suspended its construction processes,» he concluded.

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