Housing costs in Latin America and the Caribbean: Almost two-thirds of the sales price of a new private dwelling in cities in Latin America and the Caribbean can be attributed to construction costs, ...
according to "Room for Development: Housing Markets in Latin America and the Caribbean", the latest edition of the IDB's flagship publication Development in the Americas.
Materials alone account for nearly 40 percent of the total cost and labor for another 22 percent. Reducing these costs would go a long way to make formal housing more affordable to the estimated 210 million of people in the region who today live in informal settlements, such as slums.
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.