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Wednesday, May 23, 2012

Economics: Nicaraguans receive rent-to-own program

The housing sector in Nicaragua, as well as in the rest of Latin America and the Caribbean, is dominated by informality. Informal housing units are self-constructed and progressively built, most without proper land titles or access to public utilities. It is estimated that 20,000 homes are built annually in Nicaragua, with only 3,000 produced and financed through the formal market.


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