Proyecto de decreto sobre vivienda VIS plantea cambios en precios y genera alertas en el sector constructor

TL;DR

The Ministry of Housing's draft decree proposes to remove VIS price indexing to the minimum wage and fix prices in pesos from the start of contracts.
A unified price cap of 135 minimum wages is proposed for the entire country, replacing current tiered systems.
Price adjustments would be restricted to extraordinary circumstances, justified solely by the Construction Cost Index (ICOCED), which has limitations in covering total development costs.
Concerns are raised that these changes could reduce developer profitability, leading to decreased VIS supply, which constitutes 67% of total housing sales.
The proposal comes amid a prolonged downturn in the construction sector and a significant drop in VIS project initiations.
Potential legal uncertainty is highlighted due to an ambiguous transition regime and restrictions on indexation during the escritura stage.
Anif suggests dialogue and technical solutions that consider land value, production costs, inflation, and wages, rather than price controls.

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