Businessmen are looking to districts such as Arraiján and La Chorrera, as the improved connectivity brought by the Fourth Bridge over the Canal and Metro Line 3 will bring a wide range of business opportunities.
These districts, in which considerable growth is expected in the next few years, currently remain among the main areas attracting investment in the construction sector, since according to figures from the Comptroller's Office, between January and July of this year, the costs of new works, additions and repairs reported in La Chorrera and Arraiján, totaled $79 million and $58 million, respectively.
The Supreme Court has temporarily suspended a Miviot resolution approving the zoning change to "high density" in Obarrio, Bella Vista.
Thechange in the zoning code for 42 lots in Obarrio had been authorized by the Ministry of Housing and Land Management (Miviot) in March, and made the change from low to medium density, to residential "high density" and "urban commercial mixed high density".
The value per square meter in the Panamanian colonial settlement has almost doubled in the last 10 years.
The restoration of the 'Casco Antiguo' (Old Town) of Panama, which has received investment and economic boom in the city has made property prices soar. According to a report published by Martesfinanciero.com, there are about 900 buildings and houses in the area.
A rise has been indicated in commercial, residential and hotel developments in areas of Santa Tecla and Antiguo Cuscatlán thanks to its geographical and topographical advantages.
The proximity to the coast and its topographical features make the southwest area of El Salvador an attractive area for real estate development, particularly for commercial, residential and hotel developments, reports Elsalvador.com.
A video released by the Metro Department shows details of the project which has the potential to enhance the development of an area that is already growing and whose population will have doubled by 2050.
The inclusion of the logo of the International Cooperation Agency (JICA) next to the Panama Metro Secretariat gives a certain confidence regarding the success of the realization of a work which is not only vital for the development of the area west of Panama City, but will confirm the direction of modernity that the country has turned towards since recovering the Canal in 2000.
In the first three months of the year the value of requests for building permits amounted to $479 million, with the district of Panama being the area with the greatest concentration of projects.
Projects that have shown the greatest amount of dynamism in the first quarter are in the non-residential category, for which the value of building permits submitted was $271.9 million, 62.5% more than in the same period last year.
The National Development Plan of K'atun projects that in 2032 79% of the population will live in urban areas, and identifies the areas with the greatest potential for investment.
Currently 58% of Guatemala's population reside in urban areas, the National Institute of Statistics expects that in 2032 that percentage will rise to 79%, which allows a future map of national wealth to be charted.
The greater metropolitan area (GAM) needs to renew a plan dating from 1982 to address overcrowding, sound, light and environmental pollution, poor waste disposal, and traffic chaos.
Nación.com reports that "After years of debate and millions of dollars spent on failed projects, environmentalists, public bodies, private companies and municipalities have reached a consensus on the GAM 2013 Plan."
House prices could increase by as much as $7000 because of underground cables laying, now postponed until January, in new residential complexes.
The Ministry of Housing and Territorial Ordinances has decided, along with promoters of urban projects, to postpone until January 2014, underground cable laying which was scheduled to start on September 1.
The coastal belt of Panama City is an attractive magnet for investment, but its Achilles heel is the lack of planning in urban infrastructure and services.
Prensa.com reports that "the future expansion of the coastal area of the city promises to extend the captial's skyline, but it also puts a severe strain on public infrastructure which is old and outdated."
Sales of land, reclaimed seabed and land titling are generating increased expectations in the city's real estate market.
Prensa.com reports: "The fertile state lands bordering the Bay of Panama await inevitable changes in light of the real estate boom in the area of Punta Pacifica, Avenida Balboa and the district of San Francisco".
In March, the National Program for Land Management (Pronat) conducted a cadastral survey of Boca de Caja beach in order to legalize the lands there. However, for this to be effective the status of the area must be changed to make it a State asset for later titling.
It has been pointed out that the impact on commercial real estate owners has not been taken into account when the underground cables are laid on their properties.
Elisa Suarez Gomez, executive director of the National Council for Promotion of Housing Developers (Convivienda) said they will ask the Ministry of Housing and Land (Miviot) to postpone until January 2014 the new standard which includes a cable laying plan, in order to reach agreements with the Ministry of Public Works, the Public Services Authority and utility companies.
In two months a tender will be launched for construction of the first exchange for the connection between the old Centennial Bridge and the former Howard base.
Capital.com.pa reports: "The Panama Pacifico Agency (APP by its initials in Spanish), taking into account the importance of the work for connectivity in the country, has decided to obtain funding resources from London & Regional Panama (L & RP), the company that is developing the Master Plan for the former Howard military base," noted an article in Capital.com.pa.
On a 12 kilometer stretch, the new road to León has had almost 13,000 homes built on it in just three years, in addition to four industrial parks of which 3 are already operating.
Elnuevodiario.com.ni reports that "between kilometers 8 and 20 of the new road to León, there are 10 urban private sector projects and three from the public sector, while the mayor of Ciudad Sandino has received 35 applications for new residential buildings."
Inspired by the growth of Los Reyes, multiple residential developments are being built in vast areas.
Los Reyes was the first of its kind in Costa Rica. Located in a 324 hectare area in Alajuela, it combines residential solutions in large areas with other services like a club, swimming pool, golf, tennis and football facilities.
The property idea has grown and been followed by more residential projects, each with other integrated developments, the latest of which, Las Manzanas, is currently under construction.