Costa Rica: Construction Fell 13% in 2017The builders' association has reported that 6.4 million square meters were processed in 2017, 13% less than in 2016.Monday, January 29, 2018
In a statement from the Costa Rican Chamber of Construction (CCC), the president of the organization, Jorge Arturo González, said that "... 'this slowdown highlights the need to boost private sector investment in construction, which has stopped not only because of political uncertainty, typical of an election year, but also due to excessive procedures, high financing costs, legal uncertainty, low competitiveness in infrastructure and high construction costs, among other things'." See report by the CCC (in Spanish). Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Are you interested in construction projects in Central America? 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: Need assistance? Contact us
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Construction Sector Begins to RecoverJanuary 2019 After the 13% drop registered between 2016 and 2017 in the square meters of buildings processed, between 2017 and last year, there was a slight increase of 2%. Costa Rica: More Residential and Commercial ConstructionJanuary 2016 In 2015 condominiums fueled a growth of 10% in housing projects, while commercial construction increased by 31%. Costa Rica: Construction Figures up to June 2015August 2015 The amount of square metres of construction in applications for permits up to June 2015 decreased by 7% compared to the same period in 2014, with office buildings and industry leading the decline, with negative rates of 22% and 10%, respectively.
Perspectives of Construction in Costa RicaJanuary 2014 In 2014 the dynamism of the sector will depend on the speed with which the current infrastructure problems and excessive paperwork can be resolved.
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