Libya’s Ministry of Housing has announced that it plans to build 50,000 houses over the next six to 18 months, according to Bloomberg.
Government spokesman Nasser al Mannae said the planned construction will honour a commitment to urban housing interrupted by last year’s revolution.
“Given the displacement and damage caused by last year’s conflict, there is now a pressing need for a really comprehensive nationwide survey to determine how many houses need to be built and where,” said Beth Hepworth, Director of Frontier MEA, a research and advisory firm that conducted real- estate market feasibility studies in Libya since 2007 and has an office in Tripoli.
Hatem Benfayed, head of the Tripoli-based Libya Housing Authority, said, “this will go some way to alleviate the housing crisis that is affecting Libya, but our estimates are that more than ten times that number are needed”.
The UNHCR puts the number of internally displaced persons (IDPs) in Libya at 70,000 to 90,000, with ongoing instability still forcing people to leave some areas.
(Source: Bloomberg)
