Honduras: Housing Boom Around Palmerola

Increases in the value of land have been reported along with the arrival of new businesses to the area, where the municipality is hoping to encourage investments by leaving taxes on real estate unchanged.

Friday, May 15, 2015

The tender for the design and construction of Palmerola airport in Comayagua has not yet been awarded, but around the area where it will be built the impact from the development of a work of such magnitude is already being felt. Land prices have reportedly increased, and local and foreign investors have already expressed interest in developing businesses in order to take advantage of the economic activity generated by the construction and subsequent operation of the airport.

Laprensa.hn reports that "... in the last two years there has been a boom of new subdivisions and residential projects and the construction of storage warehouses for agribusiness. There have are also been requests to build industrial parks, just south of the city. "

"... Employers believe that the airport construction and commissioning of the logistics corridor represents an economic and social takeoff of Comayagua and its neighboring municipalities.

Marco Tulio Flores, president of the Chamber of Commerce of Comayagua, said the construction of the airport has encouraged high expectations and has "revolutionized" expressions of interest from new investments. "

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