Lack of infrastructure is latent threat to Costa Rica's real-estate boom

Private real-estate investment in Costa Rica is likely to be affected by the lack of regulation and planning of public infrastructure.

Tuesday, July 1, 2008

San José's real-estate boom has led to healthy profits for the construction industry and private investors.
But the new buildings, as well as those that are still on the drawing board, could be threatened by the lack of plans for the development of public infrastructure.

More on this topic

No Housing Bubble in Panama

March 2012

Prices are rising, and some areas stand out above others for higher growth rates, with no signs of a housing bubble.

Mass construction in Panama, particularly in the capital, is concentrated in some residential areas where prices are rising and it is advisable to monitor this situation. However, this does not constitute a threat of a housing bubble in the view of some economists.

Hotel Bubble in Panama?

January 2012

The economic and tourism boom has created an inordinate amount of investment in hotels, which is threatening to lower the occupancy rate to unsustainable levels.

The opening of more than 20 hotels has been announced for 2012, adding 6,000 rooms to the inventory offered by Panama, and representing an annual increase of 300% in the hotel supply, while the increase in the number of visitors to the country during 2011 grew by - 13%, which although significant, is far below what would be needed to keep up the hotel occupancy rate, which currently stands at 66%.

The Metro Generates Real Estate Opportunities

October 2011

Great interest is being taken in land and homes in areas near to the new Metro stops.

Real estate industry representatives agree on declaring areas where underground stations will be located "gold mines".

The price per square meter could rise to the same values or even higher as those currently paid on Avenida Balboa, the area considered the most expensive in Panama.

Panama: Construction Sector Grows by 64%

August 2011

The construction of both residential and non-residential projects grew by 64.6% in the month of April.

A press release from the Ministry of Economy and Finance reads:

“The construction of projects, both residential and non-residential, grew by 64.6% in April, according to a report by the Office of Economic and Social Analysis at the Ministry of Economy and Finance.

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