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Costa Rica: Decrease in square meters Processed for Construction

The area of land in process for construction permits for new properties in the first quarter of this year decreased by 5% compared to the amount in the same period in 2013.

Wednesday, May 14, 2014

Of the total square meters processed with the Association of Engineers and Architects, the category showing the greatest reduction was trade buildings, which fell by 35% compared to the first quarter of 2013.

According to the Chamber of Construction, between January and March this year 925.582 square meters of construction permits were processed in the country, while in the same period in 2013 this figure amounted to 974,833 m2.

In addition to the trade buildings, another category which suffered a significant declined was the "Other" category, which includes educational buildings, health centers and places for pubic meetings. This category saw a 23% reduction in the period concerned.

Source: CentralAmericaData.COM

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