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Honduras construction to focus on housing

Wednesday, August 27, 2014

Honduras's construction sector will focus on cheap housing as a strategy to secure long-term growth for the sector.

The industry dropped 7.4 percent in the first half of the year, compared with the same period last year, as well as reporting a 10 percent drop in residential and commercial projects, the Honduran central bank said.

Investors are feeling the effects of a new public finance law aimed at tackling tax evasion, said Silvio Larios, general director of the Honduran construction chamber.

Source (in Spanish): La Prensa