High Land Values Around Highway in Nicaragua

The widening of the road to Masaya between landmarks 6 and 14 is expected to increase land prices, which currently range from $100 to $120 per square meter.

Friday, January 11, 2013

Elnuevodiario.com.ni reports that the president of the Nicaraguan Chamber of Real Estate Brokers, Canibir, Abraham Blandon said that the land located between the Centroamérica roundabout and the residential community Las Colinas where the road will be extended, will become more expensive, but did not specify how much the value per square meter will be raised.

"It is the land plots which could see a little more gain, but that depends on supply and demand (...) right now there are several projects in the area and that is pushing up the price of land", said Blandon.

Canibir’s president remarked: "For example, in Colonial Los Robles there are houses that are 35 to 40 (years old), the buildings are depreciated, but the land value has increased. Previously here it was worth $S40 or $S50 (square meter), but now it is being bought for up to $S80 or $S100 ".

More on this topic

Extraordinary Capital Gains in Casco Antiguo

April 2016

The value per square meter in the Panamanian colonial settlement has almost doubled in the last 10 years.

The restoration of the 'Casco Antiguo' (Old Town) of Panama, which has received investment and economic boom in the city has made property prices soar. According to a report published by Martesfinanciero.com, there are about 900 buildings and houses in the area.

Honduras: 10% Capital Gains Tax Repealed  

August 2014

Congress has approved the elimination after various sectors claimed that it would have an impact on property and land prices.

Laprensa.hn reports that "... this relates to Article 11 of Decree 278-2013 containing the law and the reform of Article 46 of that decree."

"... This tax makes housing and land more expensive, as sellers increased the value knowing that they will have to foot this bill."

Land Values Up in Downtown San Jose

July 2013

The demand for housing solutions and commercial spaces in downtown San Jose has led the cost of land per square meter to rise to $1,200.

Nacion.com reports: "Mata Redonda, Merced, Catedral, Hospital and El Carmen have in the last three years represented half of the total square meters (sqm) for which there are applications for building permits. In this area, construction of houses and stores has the most dynamism ... ".

Panamanian Metro To Increase Land Value

June 2010

The market expects land prices to increase in those areas where the first line of the metro system will transit in 2014.

Realtors consider that it is too soon to predict how much prices will increase in areas nearing the $1.5 billion project. According to Fernando Arango Morrice, president of A.I.R. Appraisals, “we must wait until the metro and its stations are operating to asses any changes in the price of land”.

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