Salario mínimo y control de precios en vivienda: el coctel que amenaza y encarece el mercado, advierte Camacol

TL;DR

Colombia enacted a nearly 24% increase in the minimum wage, the largest in recent history.
This wage hike, combined with changes in housing policy and proposed price controls, is expected to disrupt the real estate market.
Construction costs could rise by up to 15% due to increased labor and material expenses.
A reduction in new housing supply is anticipated, potentially leading to higher prices for homes and rentals.
The construction sector claims it does not aim to exploit families and that high rates of project withdrawals already cause distress.
A proposed government decree to fix housing prices is viewed as legally questionable and detrimental to market function.
Critics argue that price controls can lead to supply shortages and long-term price increases, citing examples like Sweden's rent controls.
Camacol plans to engage with the government during the decree's observation period to advocate for revisions.

Continuer la lecture de l'article original