As by explained Aleyda Bonilla, director of the Chamber, the indicator will combine information from the public registry, municipalities and inspectors and will initially serve to determine the cost of lots and then, in a second stage, will be used to list houses.

"According to the representative of the realtors, the first results of this price collection will be ready in the first quarter of 2013 and will include data only from the province of San José.

Later, it will be expanded to cover the whole country. ‘The market demands a secure knowledge base about the price of property’, she said ", reported Nacion.com.

Source: Nacion.com

More on this topic

Costa Rica: Saturation of Office Buildings Indicated

September 2016

It has been reported that the vacancy rate in the office segment in the real estate market now exceeds 10%.

Nacion.com reports that "... an analysis by Colliers International shows that the office market is undergoing a period of greater caution, since the vacancy rate is above the 10% threshold for defining market saturation."

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 ... ".

Improved Housing Market in Guatemala

December 2010

Despite the crisis, prices remained stable and now a recovery in sales is detected.

The decline in interest rates is a key factor in improving the dynamics of the housing market, allowing operators to look at 2011 with optimism.

Lorena Alvarez's article in Elperiodico.com.gt, reported that Oscar Sequeira, of the Department of Statistics of the Construction Chamber, believes that "the end of the second half of this year could represent a growth of 10 to 20 percent from the first 6 months because in the last quarter there is a greater demand for housing.”

Real Estate Rental Market in El Salvador

February 2010

The rental market remains dynamic, with supply adjusting to smaller corporate and residential budgets.

With the end of the crisis at sight, real estate agents update their properties, modernizing them, remodeling them and creating new spaces.

Elsalvador.com published 5 articles (in Spanish), analyzing this market from different perspectives: