WILLEMSTAD - On Curaçao there is a demand for 78,728 homes, while there is a supply of 72,037. This means that there is a shortage of 6,691 homes.
More specifically, there is a shortage of 7,125 homes in the price category of less than 250,000 guilders and an excess supply of 434 homes in the category of 250,000 guilders or more. This is evident from a new report from the Central Bureau of Statistics (CBS) about housing shortages in Curaçao. The study is based on "developments in supply and demand in the housing market in the period 2008-2017," as the report's subtitle reads.
CBS also notes that the supply of housing increased between 2011 (census year in which 63,538 homes were counted) and 2017 (73,135 homes counted), an increase in the housing stock of more than 9,597 homes. The new construction mainly concerns homes on the housing sub-market of up to 250,000 guilders.
CBS: “There is always the most demand for homes in this price range. The developers (both Stichting Volksashouwstichting Fundashon Kas Popular (FKP) and private developers) parcel out sites with 10 to about 30 homes on one site. The houses will have relatively small plots of approximately 300 to 400 square meters and these houses themselves have a size of approximately 100 square meters.”