'The president only sees the speck in others' eyes': Camacol president responds to Petro

TL;DR

Camacol refutes President Petro's claim that Colombians buying homes today are 'fools,' stating that high mortgage rates are linked to Colombia's public debt costs and fiscal deficit.
The cost of public debt financing, reflected in government bond yields, is cited as the primary driver of high mortgage interest rates, not decisions by the central bank.
Colombia ranks among the countries with the most expensive debt in bonds, contributing to increased borrowing costs.
Camacol criticizes the Petro administration for dismantling housing programs like 'Mi Casa Ya' and reducing subsidies for social housing, which they say have limited access to housing.
The chamber points to a significant drop in construction starts and sales in early 2026, indicating a severe crisis in the housing sector.
Camacol calls for a focus on solutions and constructive dialogue rather than disqualifications to address the housing sector's challenges.

Continuar leyendo el artículo original