In April and May, the demand for new average and residential housing fell between 12 and up to 50 percent per year for some real estate companies, derived from the economic crisis unleashed by the health emergency decreed by the coronavirus pandemic in the country.

“We have been practically placing around 200 units in social housing, 50 households per month in average housing and around 20 in residential housing. Now in these months (April and May) it has practically dropped to 50 percent in residential housing, average fell 35 percent and in social interest the drop was 12 or 15 percent, at most, "estimated José Luis Solórzano, CEO of the housing developer Grupo Herso.

Complete article (Spanish)