The decline in interest rates is a key factor in improving the dynamics of the housing market, allowing operators to look at 2011 with optimism.
Lorena Alvarez's article in Elperiodico.com.gt, reported that Oscar Sequeira, of the Department of Statistics of the Construction Chamber, believes that "the end of the second half of this year could represent a growth of 10 to 20 percent from the first 6 months because in the last quarter there is a greater demand for housing.”
During 2010, Guatemala City municipal authorities granted construction permits for over one million square meters.
The Costa Rica Real Estate Chamber is preparing a specialized index for land prices.
As by explained Aleyda Bonilla, director of the Chamber, the indicator will combine information from the public registry, municipalities and inspectors and will initially serve to determine the cost of lots and then, in a second stage, will be used to list houses.
It has been reported that the vacancy rate in the office segment in the real estate market now exceeds 10%.
Nacion.com reports that "... an analysis by Colliers International shows that the office market is undergoing a period of greater caution, since the vacancy rate is above the 10% threshold for defining market saturation."
At the close of the quarter, there was an increase in the total inventory with the new supply of 53,067 square meters of rentable offices.
From a report by Colliers Costa Rica "Office Property Market September 2016":
The office property market in recent quarters has demonstrated a positive picture regarding new supply, as developers are starting projects to meet demand.Gross absorptions also look healthy and the vacancy rate of office space is slowly showing a decrease in its percentage.
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