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Guatemala’s hottest housing market gets too hot for some

Friday, April 15, 2011

The road to El Salvador from Guatemala City has become an agglomeration of 67 housing projects.

Some are low-income projects with unit costs of $69,000, but others are houses -- expensive in Guatemalan terms -- of $350,000. There are even mansions in what is Guatemala’s hottest housing market.

But the unplanned growth in housing and commerce has caused severe traffic problems that have discouraged many potential home-buyers.

Original source (in Spanish): El Periódico