e-ISSN: 2576-0971. January - March Vol. 8 - 1 - 2024 . http://journalbusinesses.com/index.php/revista
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First, the real estate sector generates employment and promotes investment through
the manufacture of housing, commercial buildings, and infrastructure projects that
require a large labor force, which drives the generation of employment in the country.
In addition, investment in real estate encourages the flow of capital, both domestic and
foreign, which contributes to economic growth and the development of the construction
industry.
Secondly, the real estate sector promotes sustainable urban development, where as the
population grows, the demand for housing and commercial space increases
proportionally. Therefore, the sector plays a key role in the planning and construction
of sustainable cities, providing affordable housing, adequate infrastructure and green
spaces, which contributes to improving the quality of life of citizens and creating more
livable urban environments.
In this sense, through the construction, sale and rental of properties, the real estate
sector has contributed significantly to the growth and progress of cities; to better
understand the importance and contribution of the real estate sector in Esmeraldas, it
is necessary to analyze some relevant statistical data. According to the National Institute
of Statistics and Census (INEC, 2021) in the last six years there is evidence of a steady
increase in housing construction in the city. Specifically, in 2015 a total of 500 homes
were built, while, in 2019, the figure rose to 800 homes, this represents a 60% increase
in housing construction in just five years. However, by 2020, influenced by the COVID-
19 disease, sales decreased by 22.4% compared to the previous year's sales, although, as
economic activities were reactivated, by the second half of 2021, sales increased by 35%
as well as the execution of housing projects, which benefited the community of
Esmeraldas with 659 homes.
Table . Distribution of housing projects executed in the province of Esmeraldas, year 2021.
Private of social interest (VIS).
Public of public interest (VIP).
Public with community accompaniment.
Note: MIDUVI (2022)
However, in Ecuador the real estate sector is incipient to sustainable and sustainable
development, characterized by the commercialization of housing projects financed by
lending institutions, so it would represent an opportunity for investors who wish to
transform the traditional construction system towards sustainable and sustainable
growth. Highlighting, the constitutional recognition towards sustainability and
sustainability to achieve the right to development aligned with the 2030 Agenda and its
Sustainable Development Goals in Decree 371. (Constitution of the Republic of
Ecuador, 2018).