$15.3 Million for Condominiums in El Salvador

In November 2009, Urbánica will begin construction of the “Portal La Ribera” 54-home complex, which they hope to finish by the beginning of 2011.

Tuesday, June 23, 2009

With a $15.3 million investment, the real estate developer Urbánica plans to complete the first set of homes for the project, which is located in the San Benito, San Salvador neighborhood, in May 2010. The prices of the homes will be between $275,000 and $300,000.

According to Laprensagrafica.com, “Portal La Ribera will be built in three stages and is planned to be completed in February 2011. Calculations show that the development will generate, directly and indirectly, more than 1,500 jobs.

More on this topic

XXIV International Construction and Housing Fair

August 2012

Capac Expo Habitat 2012, the international exhibition for the construction and housing sectors organized by the Panamanian Chamber of Construction, will be held in Atlapa from 12th to 16th September.

The expected figure for the amount of business done during the fair is $270 million.

Spain's Marina d'Or plans US$18.6 million condo tower in Panama

May 2008

Promotora Marina d’Or, a Spain-based real-estate developer, has entered the market in Panama with a US$18.6 million residential tower project.

Work on the project, in the exclusive corregimiento de San Francisco municipality, is due to begin in October. The 35-story building it to have 130 apartments.

Costa Rica: Construction hints at slowing down

April 2008

The bonanza the construction sector has enjoyed in recent years could be coming to an end.

The recession in the United States has caused many real estate projects to stall as a result of declining confidence among some foreign investors who now see an uncertain future.
Signs of this include the pessimism reflected in low North American consumer confidence and the loss of at least a quarter of a million employees so far this year there. Other factors include the sizable increases in oil prices and the fall in property values.

Business increases in Guanacaste, Costa Rica

April 2008

Although construction of residences and hotels has been the leader in real estate growth in Guanacaste, commercial buildings that spring up as a complement to the residential development are not far behind.

In 2007 building permits for 347,184 square meters were solicited, almost 80 per cent more than in 2006.

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