Housing demand fuelled by remigration


President Bharrat Jagdeo told the regional media that based on the demand for house lots, it would be fair to say that remigration to Guyana has increased.

According to a Government Information Agency press release, Jagdeo said the demand now is over 2,000 house lots and some persons have applied and are prepared to pay while others have already received their lots.

He also said that there is a six-month window period during which these persons are required to build their homes.

The president said there has been a huge response to government’s housing programme and he suspects that global recession could be a contributing factor.

He said too this must be placed against the backdrop that Guyana’s economy has done fairly well, with an average positive growth rate of four to five per cent from 2006 to date.

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