This is the third consecutive annual increase in the number of initiatives presented to construct buildings under this regime. The 205 projects presented will allow the creation of 6,000 new homes throughout the country, reported on radio carve. As usually happens, the department with the largest number of proposals in Montevideo.
In the capital, the progress in the construction of housing solutions in neighborhoods such as Malvin, Cord and Meadow. It is worth remembering that, some time ago, the Municipality of Montevideo It freed up height on 18 de Octubre Avenue for the construction of new towers.
According to ANV data as of last November, the program has already accumulated 1,270 promoted projects covering 33,812 homes. Thus, a supply of almost 38,000 homes would already be reached since its beginning. Of that total, more than half have already been marketed.
The average sales price for homes in promoted projects is $2,377 per square meter, a figure 12% higher than that recorded a year ago. When measured in inflation-indexed units (UI), the increase is modest (1-2%). And if we consider that in the last year the salary rose above inflation, it can be said that – on average – employees have improved their ability to purchase homes.
What benefits does the promoted housing system have?
The Promoted Housing law was created in 2012 to facilitate access to housing, purchase or rental, for middle and lower middle income sectors. The program promotes private investment in social housing through the allocation of tax exemptions.
The system grants, in turn, benefits for 10 years to the builder and the investor as exemptions from the VATthe Wealth Tax, the Personal income tax (Personal Income Tax) and IRAE (Tax on Income from Economic Activities).
Source: Ambito
