Posted On 10 Jul 2017
Construction is a sector still buried under the debris left by the current crisis: stalled works and low sales that, until this first quarter of the year, have resulted in 21 consecutive months of red figures. A recession that, according to entrepreneurs, could come out with the help of the Housing Plan promoted by the Government. That will be a catapult that will lift them, although not the only one.
The project to build 320,000 houses (191,000 of them would be donated) filled the sector with expectations, which from January to March of this year saw its GDP share drop again by 7.3%. However, they maintain that this is a plan whose materialization they still expect to be able to include their opinions.
This plan, which is expected to involve an investment of up to $ 15 billion, requires investors. Therefore, builders point out: “we must start by resuscitating the market.” “Companies should be encouraged to carry out public works,” says José Macchiavello, executive president of Etinar, who talks about the decline that has been experienced by the sector since 2015, following the economic recession and the effects caused in the market the Capital Gains Law, that taxes the extraordinary profits of the sales with a 75% rate. (I)