Construction Down 18% at I Quarter 2018In the first three months of the year the amount of construction actually built in Nicaragua went down by 18% compared to the same period in 2017, mainly due to a decrease in residential projects.Wednesday, July 11, 2018
Figures for the first quarter were mainly the result of a decrease in the amount of completed residential buildings (-16.6%), and those for services (-32.9%) and industry (-19.0%); and an increase in those used for trade (46.5%), explained the Central Bank of Nicaragua in a report. Receive information about our monthly report including a complete list of all the major and most important construction projects seeking government authorization. Request more information: October 2019 Offering more amenities in residential complexes and maintaining the discounts offered in housing fairs for longer are some of the strategies applied by real estate developers in Costa Rica to increase sales of new homes. October 2018 At the end of the first half of 2018, the inventory of apartments in the country's capital reached 17,871 units, 5% more than reported at the beginning of the year. June 2018 Due to the performance of residential construction, during the first quarter of the year a decrease of 6% was reported in the total constructed area with respect to the same period in 2017. May 2016 Between January and March construction designed for private use grew at an annual rate of 3%, driven by nonresidential projects, which grew by 5.8%, while residential projects rose by 1.2%.
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