Construction Boom in Costa Rica in 2012

The Association of Engineers and Architects registered in 2012 more than 8 million square meters of construction, a figure that is 17% higher than that reported last year.

Wednesday, January 16, 2013

A press release from the Association of Engineers and Architects of Costa Rica (CFIA) reads:

Construction sector reported growth of 17% in 2012

During 2012, the CFIA registered over 8 million square meters, a figure that is 17% higher than that reported in the previous year. The data comes from the registration of professional responsibility of construction plans which all projects must be submit to the CFIA prior to the application of municipal construction permits.

Among the strengths of the construction sector which contributed to the dynamism in 2012, was a greater accessibility to funding for various projects and works to develop favorable conditions for middle class housing. "The vertical construction of residential buildings, is developing a niche in the industry, which in many municipalities requires greater flexibility in the use of land," noted Mr. Olman Vargas, Executive Director of the CFIA.
By 2013, the industry will experience an improvement in the simplification and transparency of the application for building permits, when the "Regulations for the Procedure for Review of Plans for Construction" enters into force in March, published as Executive Decree No. 36550-MP-MIVAH-S-MEIC in June 2011.



More on this topic

Good Year for Construction

November 2018

Because licensing is proceeding faster, private projects are rebounding in Guatemala and the sector in general expects to close 2018 with a 3% increase.

Representatives of the Guatemalan Chamber of Construction (CGC), explained that the positive behavior of the sector this year is because of the liberalization of licenses for the construction of projects that were pending to be authorized and new investments made.

Construction Grows by 48.8% in a Year in Nicaragua

October 2012

During the first half of 2012 618.000 meters square were built, 52.8% more than in the same period in 2011.

According to the Central Bank of Nicaragua, 81% of the square meters were for residences, 10% for local services, 5% commercial and 4% industrial areas. In terms of location, 60% were located in Managua and 40% in the rest of the country.

Panama: Construction Up 35%

September 2012

The value of construction projects reached $766 million during the first half of 2012, $198 million more than in the first half of 2011, with bank credit underpinning this growth.

An article in Panamaamerica.com reports that "Investment in the construction sector is reflected directly in the bank’s mortgage portfolios.

Better Prospects for Construction Sector in Nicaragua

August 2012

Nicaraguan businessmen from the construction industry forecast a growth of 20% by 2012.

According to the Nicaraguan Chamber of Construction in the first six months of the year alone, there was a 10.5% increase in the sector.

"Benjamin Spears, president of the Nicaraguan Chamber of Construction (NCC), said that housing projects, especially in the social interest segment, are the main factor accounting for the growth.

 close (x)

Receive more news about Infraestructure & Construction

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(May 28)
Brent Crude Oil
34.570
Coffee "C"
104.20
Gold
1,728
Silver
17.880