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Chile Modular Housing Industry Analysis
Chile has a growing demand for affordable housing, making the modular housing construction projects industry a significant player in the country's real estate sector. Modular housing has become increasingly popular in Chile due to its cost-effectiveness, sustainability, and shorter construction time.
The current scenario of the modular housing construction projects industry in Chile is optimistic. According to a report by ResearchAndMarkets, the market for modular construction in Chile is expected to grow at a CAGR of 5.2% from 2021 to 2026. Factors driving the growth of the industry include the increasing demand for affordable housing, rapid urbanization, and the need for sustainable construction.
One of the main challenges faced by the industry is the lack of infrastructure to support the growth of modular housing construction. To address this issue, the Chilean government has initiated various plans and programs to support the development of modular housing construction projects. For example, the Ministry of Housing and Urbanism has launched a program that aims to build 10,000 modular houses by 2022 to address the country's housing shortage.
In addition to the government's initiatives, there has been an increase in private investments in the industry. Many construction companies and developers are beginning to recognize the benefits of modular construction and are incorporating it into their projects. For example, the Chilean construction company, Ceresita, has developed a modular construction system that allows for the construction of multi-story buildings in just a few months.
The industry outlook for the modular housing construction projects industry in Chile is positive, with the potential for significant growth in the coming years. The demand for affordable and sustainable housing is expected to increase, and with the support of government initiatives and private investments, the industry is well-positioned to meet this demand. The increasing popularity of modular housing construction in Chile is expected to open up new opportunities for local and international companies to invest in the industry.
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