The price of ground in Cuenca is high

The value of land in rural areas, as Ricaurte, bordering 250 to $ 300 per square meter. Diego Caceres

Loja Gabriela and her husband have one priority: to buy a house. For now lease an apartment for $ 250 a month in Totoracocha, but seek land for investment "of his life." However, they do not find an offer that is accessible to your pocket.

"We are looking for land to build our house or buy one for brand new, but prices are high: not fall below 300 dollars per square meter and does not reach us," said Loja.

The growing demand for purchasing homes or land to build condos in remote areas of the town and housing in commercial areas of the city has caused land prices to double and even, in some cases tripling, says Pedro Medina, president of the Chamber of Construction of Cuenca.

In the city there is an increase in construction of tall buildings, which generates a wide range of departments, as well as developments in rural and Ricaurte, El Valle, Challuabamba and San Joaquin.

 Increase

Medina says that currently rural and Ochoa Leon Ricaurte land or offered from $ 250 to $ 300 per square meter, even though some sectors do not have infrastructure and provision of basic services; and the actual value should not exceed $ 100 per square meter.

Meanwhile, in commercial areas like Ordonez Lasso, the land has a value that is around $ 1,000 per square meter. However, says Medina, the average value of land in the surrounding areas not low of $ 500 per square meter, and the actual value should be maintained between 250 and 300 dollars.

In consolidated areas, ie, with coverage of basic services, public transport and health centers as Totoracocha, Citadel Alvarez, Tomebamba or Gapal, the price of land varies from $ 350 to $ 500.

"There is much variation in prices in the city and depends on the site location, but generally speaking, in the urban area, which is now coveted, the price of land has an average of $ 450, which compared to other cities country is extremely high, "said Medina.

 factors

One of the first factors that, in turn, influenced the rise in the cuencano floor was the increase of foreign residents in the city and income remittances from migrants, who began buying land at prices that established the owners premises, irrespective of the valuation of the land or housing.

According to Medina, from the 90s until 2001, the costs of land sucre city daily increased. "People started buying the land at the price they asked. There was such a difference between the dollar and the sucre at that time people paid anything for a piece of land or house. Then he got used to very high values ​​and ask to receive such payments, "he said.

Likewise, foreigners paid high prices for housing units, departments or homes, increasing the added value of the properties.

For example, the construction of tall buildings began in 2001, when an apartment in a building located in the Ordonez Lasso cost about $ 120,000, which equals a value of $ 600 per square meter. "Right now an apartment in the same sector is between 1,200 and 1,500 dollars per square meter ... From 2001 to have doubled here," Medina said.

For his part, Carlos Alvarez, director of Municipal Urban Control, says another factor is the lack of regulation in the creation of realtors, who do not have a table to generate real cost of land.

Likewise, demand for purchasing land further away from the city, road works and construction of condominiums are other factors that increase the surplus in urban areas that do not have sewer, water, roads or street lighting properly enabled.

 Control

For Councilwoman Martha Castro, who chairs the Commission of Appraisals, Catastros and Statistics, "making a capital gain control of the land it is complicated and precludes an urban planning of the city."

"This is not controllable yet, I think if we could have a real land equal to the market could somehow regulate the increase in land prices," said Castro.

Likewise, the council said the value of the land on affects the municipality and the population in the area of ​​compensation for land registers. For example, in commercial areas where values ​​have been established between $ 200 to $ 300 square meter, the municipality must compensate these lands by the value determined in assessed valuations, which are "much lower" she explains.

Meanwhile, Alvarez said that "in the letter registered urban property prices try to regulate the value of the land"; however, this measure is not taken into account in the supply and demand, and prices are taken as reference for raising the added value of the land of the entire sector are established.

Real estate tax valuations are established on the basis of the improvement works carried out by the municipality or the owners of the land and buildings. According to Paul Penafiel, director of Appraisals and Catastros, "the appraisal that takes the Municipality of Cuenca are balanced, obviously are lower than those being handled in the market but are values ​​for revenue purposes, not for purposes of market," he said.

The Organic Code of Territorial Organization, Autonomy and Decentralization, COOTAD establishes the exclusive competence of the municipalities develop and manage urban and rural real estate cadastre.

The Cantonal Council submitted a proposal for approval of the plan ordinance of the value of urban and rural land, the values ​​of the types of buildings, correction factors value of land and buildings and tariffs that will govern for the biennium 2016- 2017, which came in second debate. (KCJ) (I)

Source: http://www.eltiempo.com.ec/noticias-cuenca/188984-la-plusvala-a-del-suelo-en-cuenca-es-elevada/