That is, only that item in the primer of the owners of these properties added approximately USD 29.5 million, out of a total issue of USD 99.5 million. These are properties whose value is equal to or greater than USD 1.5 million and whose economic destination is housing, education, commerce, provision of services, industrial work, recreation, public, religious, health, financial, lodging, and cultural institutions, nurseries, land and air transportation, among others. The highest value is around USD 1,142 million and is in Tababela. It is one of the four lots destined for air transport; that is, they belong to the Mariscal Sucre International Airport. The list of properties with the highest appraisal in the city totals 2,618 properties, out of a total of 971,000 registered. However, explains Guillermo Montenegro, Metropolitan Financial Director, only 1 620 of them pay the property. The rest are exempt in accordance with the provisions of the Organic Code of Territorial Organization, Autonomy and Decentralization (Cootad): public entities, educational institutions, temples and heritage buildings. But public institutions do pay a security fee, a special contribution for improvements, and a contribution to the Quito Fire Department. Montenegro affirms that the only properties that do not pay any of the items are those that belong to the Municipality and that they are exempted because the creditor is, at the same time, the debtor. Pilar Tufiño, head of the Assessment Unit of the Cadastre Directorate, points out that the highest assessment area in the district is that of Av. Republic of El Salvador. There, the square meter reaches an assessment of USD 2,150. Other highly valued points are Iñaquito, Cumbayá, La Mariscal, Tumbaco and Jipijapa. According to Tufiño, there are several factors to calculate these values. If a property has more floors and a high coefficient of occupancy, its valuation also tends to be higher. On the other hand, the lowest values are those of properties in Areas of Valuable Intervention (Aiva) of residential land use 1; that is, the areas that do not have all the infrastructure works or those properties in protection strips or ravines. In these conditions, the square meter does not exceed USD 20. These are located in Guamaní, Zámbiza or in rural parishes. For the biennium that started this month, the Municipality carried out a revaluation of the city, with the aim of correcting the distortions detected in the past biennium. To determine the appraisal, Tufiño details, the value of the land, the construction and the additional construction are added. Therefore, the properties with the highest appraisals are not in one place, but are distributed in all parishes, according to the area of land and construction, usually large. At the end of last year, a specific study was made of each sector to determine the value of Aiva. The behavior of the real estate market, the type of construction, the works and the zoning were considered, regardless of the characteristics of the neighboring Aiva, which could have better conditions, says Tufiño. This helped establish more realistic values. Henry Yandún, from the group Constructores Positives, points out that they have detected that in most cases rectifications have been made in the assessment. Some remain the same or with reductions compared to 2019. That change and the social and priority housing plans announced by the Government and the IESS generate optimism in the sector. Yandún argues that due to payment facilities and that purchase quotas are similar to a month’s rent, the construction industry could grow.