Water Shortage Slows Real Estate DevelopmentReal estate projects in Costa Rica face a tough time expanding due to lack of drinking water in several areas of the country.Monday, July 29, 2013
Projects developed in cantons such as Escazu or Santa Ana and Mora are being affected by this problem, where local permits for the expansion of properties are held in limbo. "In Guayabo there was interest in the possibility of doing some kind of social project for the people of that Canton, but we've run into the problem of lack of water and the value of the land which is creating a problem with the housing issue ... " said the Mayor of Mora Gilberto Monge. Source: prensalibre.co.cr ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica: Lack of Water Affecting Real Estate DevelopmentOctober 2014 The problem is not new and there are no short-term solutions in the pipeline to counter this difficulty which has slowed investment in several projects for urban and tourism developments. Water Shortages in Costa Rica Get WorseJune 2014 Due to water supply problems housing developments have become stalled in 33% of the country's cantons. Water Shortage Slows Investment in PanamaJune 2013 Real estate developments in the area of Cocle will have to generate their own sources of private water supply due to a shortage of this fluid in the province. Water Shortage in Panama Slows Real Estate DevelopmentMarch 2013 Companies building real estate projects in the district of Chame have had to resort to installing underground wells due to water scarcity in the area.
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