$310 Million in Housing Projects in Guatemala

2 mega projects were announced by the Government in alliance with private companies.

Friday, August 28, 2009

The first one will require an investment of $200 million and will be located in Bárcenas. It will comprise 5.000 apartments, a shopping mall, market, sports complex and office space.

On the second mega project, Alfredo Barrios, Housing vice minister, explained: "... in a lot in San José del Golfo ... we plan to construct 10.000 social housing units, each one with an average value of $6.000 (Q50.000)", reported Elperiodico.com.gt.

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: 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.

El Salvador: Social Housing Project Begins Sales Phase

June 2010

Grupo Salazar Romero started selling its “Cumbres de San Bartolo” project, with 600 social housing units.

Residences are being offered at an average price of $10.300, with financing available through the Social Housing Fund. The project is located in the Tonacatepeque municipality.

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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