Venezuelan Government builds 406,000 homes in 14 years
Some 768,000 dwellings were built by both the public and the private sectors from 1999-2012
Upon the implementation of the Great Mission Housing Venezuela, the National Government pledged a new era in house construction would begin, and although a higher number of homes were completed in 2011-2012, the results are disappointing due to the performance from 1999-2010.
In 14 years, both the public and private sectors built some 768,957 dwellings, which were not enough to fill the gap in housing (1.9 million units).
In view of the lackluster performance, Venezuelan President Hugo Chávez announced in 2011 (one year prior to the presidential election) that a new era for housing construction would begin. "I would rise to the challenge of the housing issues," he said. "It is not about the missions (welfare programs) anymore, but the great missions, whose scope will exceed that of missions."
In 1999-2010, the Executive Office adopted two housing construction plans, which included two missions. However, it was not until 2011 when growth was reported in housing construction. Dwellings scheduled for previous years were finally completed.
In order to achieve this goal, three actions were pivotal: establishing a registry, seizing lands, and centralizing the distribution of raw materials.
Official data reveals that some 406,251 homes (53%) were built by the public sector from 1999-2012, yet one third of the total was built in the past two years.
Authorities seek to better off the performance of the sector in 2013. This year, they will implement the second stage of the housing program so as to bridge the gap in housing. Some three million homes are expected to be built from 2013-2019. Nonetheless, it is important to take into account that the Government took 14 years to build 17% of what it looks forward to achieving in the next six years.
Translated by Jhean Cabrera
Since the Venezuelan government imposed currency and price controls in 2003 property rights have been seriously affected, as the individual's freedom to acquire, use, enjoy and dispose of property has been severely restricted, according to experts.