Costa Ricans Want to Live in Condominiums

Keeping pace with demand, condo building in Costa Rica in 2012 grew by 130% compared to 2011.

Monday, April 15, 2013

Among the factors accounting for the increased demand for housing in Costa Rican condos, the most important is the search for greater security against crime and the high cost of land.

An article in reports that "According to the Costa Rican Chamber of Construction, the development of condominiums increased by almost 130 percent in the last year. During 2012, it handled 870,000 square meters of condos. A year earlier the figure was 378 thousand square meters. "

The increase in construction of condominiums between 2010 and 2011 was only 5%.

More on this topic

Panama: Social Housing Building Stopped

June 2013

The increase of more than 5% in the cost of construction and the revaluation of land in the capital, has made the social housing segment unprofitable for builders.

"In its projections for 2013, the National Housing Council (Convivienda) a guild that brings together the leading companies involved in the construction of family units will build 8,206 dwellings (houses and apartments) with a total investment of approximately $800 million. In this calculation there are no projects below the $35,000 mark", reported

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).

Concern About Rising Crime of Extortion in Guatemala

February 2013

Employers indicate that the cost of paying extortion fees on productive or commercial activities, can amount to up to 1% of sales. reports that "The country's industrialists have declared taken their concerns to the Minister of the Interior where they reported being victims of extortion and theft and a killing spree that is maintaining a 'climate of anxiety' in the country, said Javier Zepeda, president of the Chamber of Industry (CIG by its initials in Spanish). "

High Rate of Extortion Forces Businesses to Close

September 2012

A study conducted in July by the Chamber of Commerce of Honduras shows that extortion has caused the closure 1,600 companies.

Crime that has been affecting the country's economic development, discourages investment and generates job losses, said Mario Bustillo, president of the Chamber of Commerce of Tegucigalpa.

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