Guatemala: More Real Estate Development in the Capital

The increasing preference for residences in central areas of the capital is generating business opportunities for developers in areas which have not yet been exploited.

Thursday, September 11, 2014

Real Estate companies say that although there is a good distribution of the supply of high rise and traditional houses in the capital, "... development is needed of zones 3, 6, 7, 8, 9 and 12, which have access and services."

According to the director of Global Inspections (IG), Juan Carlos Salazar, "... it is difficult to speak of specific areas which are attractive to developers because there are opportunities in many places. But he stated that there are more companies specializing in certain areas and other developers interested in looking for markets that have not yet been addressed. "

The president of the Guatemalan Chamber of Construction, Pelayo Llarena, told Elperiodico.com.gt that "... In areas of zones 11 and 12, because of the access provided by the Transmentro service, interest has been generated ... Zone 18 has attracted high rise projects and the area of ​​Avenida Bolivar is being suggested as a new possibility. "



More on this topic

Real Estate Fair: $180 Million in Business Agreed

September 2019

At the Expo Capac in Panama, 2,100 homes were sold, and mortgage transactions for nearly $180 million were achieved, surpassing the projections of the organizers by 50%.

This year was attended by 400 exhibitors who presented some 600 real estate projects and the support of 14 mortgage banks, public and private, which closed buying and selling procedures with thousands of visitors who came together during the five days of the fair event, reported the Panamanian Chamber of Construction (CAPAC).

Construction and Housing Fair in Panama

August 2017

The amount of transactions projected to be made at Expo Habitat 2017 is $120 million, an event which will be held from September 13 to 17 in Panama City.

Within the framework of the housing and construction fair, where more than 600 real estate projects will be exhibited, a business conference will be held involving companies in the sector, in which it is expected that at least $20 million worth of to businesses deals will be closed.

Panama: Luxury Housing Investment

March 2013

At the end of 2012, the luxury Class A apartments accounted for 78% of the units under construction, while the Classes B and C together accounted for 22%.

According to a residential market study prepared by the firm CB Richard Ellis Global Research and Consulting (CBRE Panama), at the end of 2012, luxury apartments categorised as Class A, were the most popular in the residential market in Panama, representing 78% of the total units under construction. Meanwhile, Class B and C apartments, amounted to 22%.

Rise of Office Centers in Guatemala

July 2011

The opening of the Desing Center corporate office buildings whose investment is $26 million, adds to the growing collection of new office centers in Zone 10 in Guatemala City.

The new center joins the 30 existing buildings and with them others whose construction is nearing completion, as is the case of the Sixtino II Building, the Interamerican Business Center, the Dubai Center and the Banco Industrial’s Tower 3 in Zone 4.

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