Construction: Slight Increase up to July 2019

Between January and July of this year, works were processed in Costa Rica equivalent to 6.05 million square meters of construction, an area that exceeds in just 2% the reported in the same period of 2018.

Thursday, August 29, 2019

The report prepared by the Federal College of Engineers and Architects (CFIA) records a slight increase in the area built between January and July 2018 and the same period of 2019, going from 5.93 million m2 to 6.05 million m2.

Nacion.com reports that "... In the analysis period of 2018, the central canton of Alajuela was first in the process of permits for construction in the CFIA, with 680,726 m2. For this year, it was displaced by the Central Canton of San José, because permits were requested for 506,579 m2. Alajuela was placed in second place by 2019, with a record of 367,333 m2, according to the report."

See "Construction: What's Next in Central America

The article adds that "... The data highlights a notable increase in the processing of permits to build tourist works, which especially include hotels. Permits for this type of construction went from 34,525 m2 in the first seven months of 2018, to 157,472 m2 in that period of this year."

For the months concerned, the area processed for residential construction reported a 9% growth and in the case of the commercial sector, a 10% drop was recorded.

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More on this topic

Costa Rica: Construction Figures up to March 2016

April 2016

The total square meters of construction registered during the first three months of the year was up 15% compared to the same period in 2015, driven by residential construction.

From a statement issued by the Association of Engineers and Architects of Costa Rica (CFIA):

The CFIA notes that if this trend continues, the year could close with more than 10 million square meters having been processed.

Costa Rica: More Residential and Commercial Construction

January 2016

In 2015 condominiums fueled a growth of 10% in housing projects, while commercial construction increased by 31%.

From a statement issued by the Association of Engineers and Architects:

In 2015, the Association of Engineers and Architects (CFIA) registered more than 9.2 million square meters, a figure that is 14% higher than the amount reported in the previous year.

Costa Rica: Construction Figures up to June 2015

August 2015

The amount of square metres of construction in applications for permits up to June 2015 decreased by 7% compared to the same period in 2014, with office buildings and industry leading the decline, with negative rates of 22% and 10%, respectively.

Data from the Costa Rican Chamber of Construction shows the decline in the number of square meters of construction being processed with the Association of Engineers and Architects.

More Constructions Registered in Costa Rica

May 2012

In the first quarter of 2012 the number of square meters of processed construction increased by 15% compared to the same period in 2011.

The data has been released by the Association of Engineers and Architects (CFIA in Spanish).

The province of San Jose leads with the largest amount of square meters, totaling 840,292 m2, or one third of everything processed in Costa Rica, reported Nacion.com.

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