translated from Spanish: MP Winter calls on real estate companies to lower “non-achievable” house prices

The latest study on the country’s real estate market, conducted by the Chilean Chamber of Construction (CChC), drew profound attention from the public and the political class after concluding that the purchase of a housing at this time, especially in Santiago, is “severely unreachable”.
According to the study, the price of homes has increased 67.8% between 2011 and 2019, while incomes increased by 24.7% over the same period. The study also suggests that much of the rise in property prices is explained by the increase in the price of land.
One explanation is that much of the rise in the price of property is explained by the increase in the price of land.
As a result of this study, the chairman of the Housing Commission of the Chamber of Deputies, Gonzalo Winter (CS), appreciated the sincerity of the conclusion, but stressed that the same guild bears much of the blame.
“The problem is that we believe that the Chilean Chamber of Construction and the real estate sector is a fundamental part of the production of this crisis,” said the Broad Front PARLIAMENTspeaker.
According to Winter, these real estate and construction companies have been favored with the real estate boom of the last decade.
Winter especially launched them against the profits these companies have made with the real estate boom of the last decade. The private sector said prices have basically risen due to the scarcity of building land and VAT on construction applied in the 2016 tax reform.
“There are those who have interestedly put forward certain reasons because they do not want to stop perceiving so many, but so many profits,” Winter said, in statements collected by Emol.
In this regard, the MEMBER warned that in the world “there are hundreds of ways for the state to intervene to lower house prices”.
“We are proposing that we make public policies to lower the price of housing to side with people who are on their side and who are going to camps,” he said.

Original source in Spanish