US$100 billion to be invested in region's real estate

Some US$100 billion will be invested this year in real estate in Central America, according to the specialist magazine Summa.

Wednesday, May 14, 2008

Office buildings, industrial parks and luxury apartments are springing up everywhere from Guatemala to Panama, the Costa Rica-based magazine said. But corporate investment is spearheading the boom as companies increasingly see the region as a strategic springboard for business in the Americas.

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Real Estate in Central America

May 2009

A Special Report by Revista Summa, containing a comprehensive overview of the construction industry in the region.

The current financial picture has not stopped progress in the construction sector in Central America and the Dominican Republic:

Country Summaries:

GUATEMALA

Honduras Offers Unique Travel and Tourism Investment Opportunities

April 2008

Exotic Mayan archeology, stunning white-sand beaches, lush rainforests, unparalleled diving, dynamic culture, and charming colonial architecture.

Only Honduras, of the seven countries in Central America, offers all of these tourist attractions, making it a major draw for high-end hospitality and tourism investment.

Costa Rica's San Carlos feels the buzz of new business

May 2008

The San Carlos region of Costa Rica, long a favorite of tourists, is fast becoming a top location for companies, especially those in the food and services sector, and construction is booming as a result.

Growth in commerce and real estate began in 2006, when 1,328 building permits were issued. Last year the total rose to 1,764, and a new record is looming in 2008.

Sieca: World Crisis creates uncertainty in Central America

October 2008

The financial crisis in the US is creating an atmosphere of uncertainty in Central America and the magnitude of the impact it will have in the region still cannot be determined.

According to the report, the financial crisis in the United States can have effects such as "a reduction remittances to families, which in 2007 was at $14.19 billion, and a drop in the construction industry," as many immigrants are building their homes in their countries and they may see a decrease in their income. Thirdly, Central America will see a reduction in exports to the US as a result of the economic contraction, and fourth, the region will see a decrease in foreign investments.

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