In Jacó and its surroundings, in recent years there has been an upturn in construction, mainly because of the development of residential projects.
Data from the Federal College of Engineers and Architects (CFIA) indicate that since 2016 the number of square meters of construction processed in the cantons of Esparza, Puntarenas, Garabito and Quepos, all of the central Pacific, have remained high.
Expanding to $150.000 the range of homes with preferential interest and guaranteeing real estate leasing are two of the changes that could boost a recovery of activity in Panama.
Construction in the country has reported a downward trend in recent years, however, representatives of the Panamanian Chamber of Construction (CAPAC) expect that with the arrival of a new government and the start of major works such as Metro lines 4 and 5, the sector may re-emerge.
In the first seven months of the year the value of approved construction projects amounted to $918 million, 45.3% more than in the same period last year.
This July alone, the total approved exceeded $151 million, representing a 140% increase compared to July 2011.
Of the total number of permits approved $705 million worth was for projects to be developed in the capital, being mostly non-residential.
In 2011, house sales in El Salvador grew by 4%, and the industry is planning new campaigns to encourage home ownership.
Strengthening the housing market is a key item for the construction industry to consolidate the economic recovery of 4% recorded in 2011, noted the Salvadoran Chamber of Construction (CASALCO).
The union has decided to boost the campaign entitled “Your own home, wellbeing guaranteed” for six months.
Businesses have a positive outlook for 2012 and hope that more jobs will be generated.
More direct jobs, more square meters built and growth around 5%. These are the expectations for 2012 by the construction sector, according to website elfinanciero.com.cr.
Gonzalo Delgado, president of the Costa Rican Chamber of Construction (CCC), said that despite a sensitive or even turbulent economy as cited by some experts, the outlook is positive.
The construction of both residential and non-residential projects grew by 64.6% in the month of April.
A press release from the Ministry of Economy and Finance reads:
“The construction of projects, both residential and non-residential, grew by 64.6% in April, according to a report by the Office of Economic and Social Analysis at the Ministry of Economy and Finance.