Housing Sales Drop 70% in El Salvador

The sale of houses has fallen 70% and the most affected range of housing is that of more than $150 thousand, explains Gonzalo Olano, an expert in real estate.

Thursday, February 12, 2009

Elsalvador.com publishes: "Olano adds that various apartment projects have remained stalled, well, "the problem of all of this is that banks are not giving credit."

"The drop in the demand is also recognized by the representatives of the Salvadorian Chamber of Real Estate, the organizing entity of the XIV Congress Fecepac 'Investment real estate agency: the Engine of development in Central America'."

More on this topic

Housing Market in Panama: What to Expect in 2017

March 2017

This year the union of housing developers plans to build 10,958 houses and apartments and generate sales of $979 million, 23% more than in 2016.

Figures from the National Council of Housing Promoters (Convivienda) indicate that in 2016, 8,864 houses were built and sales of $793 million were made, an increase of almost 8% compared to 2015. 

Panama: $180 million Traded at Expovivienda

April 2016

During the event 2,575 mortgages were sold, among which social and middle class housing stood out the most, with prices ranging between $40,000 and $80,000.

The figures provided by the Panamanian Chamber of Construction (Capac) again reflect the growing need for housing that exists in the country, mainly in middle class and lower class segment.

Panama: Housing Market Figures in 2015

March 2016

Out off the 8,232 homes sold in 2015, 76% was sold at prices lower than $120.000, 18% at prices between $120,000 and $350,000 and the remaining 6% above $350,000.

Figures from the National Board of Housing Developers (Convivienda) show that home sales for the year totalled more than $900 million.

Guatemala: $70 Million Investment in Residential Tower

October 2009

Named "Condado La Villa" Condominum, it will be developed by company "Conceptos Urbanos" and located in the Guatemalan Capital.

The project includes 18 levels with 104 units. It will be located in Zone 14, and its prices will start in $79.000.

"... constructed 100% in concrete, its "H" design will allow all its apartments to have wide windows, saving energy and absorbing wind better, reducing the need for air conditioning", explained Mauricio Barillas, project architect.

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