Economy

Dark times for the construction market in Bolivia

The construction market came to a standstill and the trend could continue for the next three years. A census conducted by Captura Consulting, commissioned by the Urban Observatory (OBU) of the Construction Chamber of Santa Cruz (Cadecocruz), reveals a stagnation of the sector that in 2018 maintained the levels of 2017, and in fact decreased by 0, 3%. The same study argues that the real estate market is in clear slowdown, 66% of the people surveyed, indicated that they do not intend to buy a house in the next three years. The reason? the economic situation that the country is going through. The study reflects the uncertainty that exists in the country in a politically charged year due to the presidential elections in October. Economic activity is cooling because sales have fallen in several sectors. The study clarifies that the situation is temporary as long as it is not clear what will happen in the political context.

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Source: El Deber

Categories:Economy