Petro launches barbs at Camacol for "complicit silence" regarding the impact of interest rates on housing sales
The head of state pointed out that it is time to relax this reference from the Issuer to reactivate the market. Photo: Screenshot @infopresidencia
TL;DR
- President Petro accuses Camacol of "complicit silence" on the issue of falling housing sales.
- The president attributes the decline in housing sales to high interest rates, not structural sector problems.
- Housing sales dropped 11% in the first quarter of 2026, with non-VIS housing sales falling 16.4%.
- Construction starts decreased by 40.7% at the beginning of 2026.
- Social interest housing (VIS) initiations fell 24.7% year-on-year, impacting the sector's main driver.
- Housing inventory decreased by 3.5% annually, with a larger drop in VIS housing.
- New project launches grew 13.7% annually but fell 11.6% year-to-date, signaling a slowdown in new supply.
- The president emphasizes the need for reduced interest rates to stimulate demand and economic activity.