Homeowners on the Decline in Costa Rica While Renters Rise

In the past 11 years, the population living in rented houses rather than in their own homes has increased, as revealed by the results of Census 2011, published this week by the National Institute of Statistics and Censuses (INEC).

According to the results of the study, the percentage of rented houses in total, increased from 16% in the 2000 census to 20% by 2011.

In contrast, the percentage of homeowners declined from 72% to 70%.

This last group (homeowners) is divided into fully paid homes where there was no change in the period and homes are being canceled on credit, where the reduction is recorded.

In the province of Alajuela is where it falls over the percentage of houses own and also where more numerous grow the rent.

For cantons, Garabito, in Puntarenas, is known for being, which shows a greater fall in the percentage of home ownership.

Other cantons who live a similar situation are Santa Ana, San Jose and Belen, Heredia.

What happens? Franklin Solano, coordinator of the Research Foundation for Housing Promotion (Fuprovi), explained that the cantons mentioned are among those of better human development index and have an importance in the construction and size of the houses.

“Much of this property is to rent at a executive sector, with high incomes. These houses are very luxurious and difficult to acquire because they are high prices, “said the specialist.

Elizabeth Solano, coordinator of the Census, said that they have to review more information in order to have clearer conclusions.

For his part, Minister of Housing, Irene Campos, said that in the last census, “covers the period of crisis which started in 2008. There was affected access to housing for families. ”

Furthermore, the reduced availability of land, makes the cost of homes increase, and credit is even greater.

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