Luis Emilio Vega, the head of the Real Estate Chamber, thinks that housing prices will increase y 30-35 percent by the end of 2006.

During a telephone interview with eluniversal.com, Vega explained that the upward trend includes houses under construction and is the result of the current housing deficit.

"Supply does not grow at the same rate as demand. Obviously, it results in unbalanced marketing of dwellings and higher prices," the businessman stressed.

During 2006, housing prices have grown by 25 percent. In addition to inflation at 10 percent, it results in an estimated 35 percent by the end of 2006. "Prices will be higher than inflation," he noted.