Caldera Highway Raises Nearby Land Value

The price of the average lot next to the recently inaugurated highway increased between 25% and 60%.

Tuesday, March 9, 2010

Realtor Jorge Rosales reported that some plantations that used to be sold at $9 per square meter have doubled their value ($18 per square meter).

El Financiero analyzed several aspects of this situation, including the real estate and the construction materials markets.

More on this topic

Land Prices Rise in Nicaragua

March 2014

The demand for land for crops and property development has raised prices in most productive areas.

In cities such as Estelí, Matagalpa and Chinandega, the economic boom has driven up the price of land for farming and for building residential and commercial properties. According to Ricardo Melendez, chief of the Chamber of Builders, one square yard is trading at up to $300 in those cities.

Low Cost of Land Attracts Investments

February 2013

In the North Pacific of Nicaragua a square meter of land on the beach has a maximum cost of $18.

"Nicaragua is the safest place in Central America and there is great potential to develop the segments of city, sun and sand. We have a lot of ability to grow in those areas which already posses developed infrastructure such as airports and roads", said Sergio Arguello, an official from the Nicaraguan Chamber of Tourism (Canatur).

Realtors Attempt to Halt Lot Overpricing in Costa Rica

May 2010

In the province of Guanacaste, many real estate properties are being offered at much higher prices than their market value, in stark contrast with the sector’s depressed reality.

Attempting to put a stop to this practice, the Costa Rican Realtors Chamber (CCBR) has issued new internal regulations among its associates.

Real Estate Prices in Panama Drop

June 2009

Prices for properties in the main zones of Panama City dropped in 2009 by between 15% and 20% compared to those of 2008.

Figures from the Department of Economic Affairs at the Chamber of Commerce, Industries, and Agriculture of Panama, which were published at, indicate that “in 2008, the cost per square meter for an apartment on Balboa Avenue was, on average $3000, but in 2009 it fell 20% to $2500; Similarly, in San Francisco, the cost per square meter was $1,600, 15% less than in 2008."

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