Perspectives of Construction in Costa Rica

In 2014 the dynamism of the sector will depend on the speed with which the current infrastructure problems and excessive paperwork can be resolved.

Wednesday, January 29, 2014

The Costa Rican Chamber of Construction (CCC) today announced that 2013 closed with a decline of 1.7%, about 99 thousand square meters less than in 2012.

From a press release by the Costa Rican Chamber of Construction:

Construction is expected to grow by between 7% and 10% this year

• Development of the sector will be subject to solving the problems of infrastructure, red tape, housing for the middle class and political uncertainty.

The president of the CCC, Guillermo Carazo explained that factors such as credit constraints announced last year by the Central Bank of Costa Rica affected the projected growth in early 2013 when it was thought there would be growth of 11% in terms of square meters processed as under construction.

More on this topic

Costa Rica: Construction Fell 13% in 2017

January 2018

The builders' association has reported that 6.4 million square meters were processed in 2017, 13% less than in 2016.

In a statement from the Costa Rican Chamber of Construction (CCC), the president of the organization, Jorge Arturo González, said that "... 'this slowdown highlights the need to boost private sector investment in construction, which has stopped not only because of political uncertainty, typical of an election year, but also due to excessive procedures, high financing costs, legal uncertainty, low competitiveness in infrastructure and high construction costs, among other things'." See report by the CCC (in Spanish).

Costa Rica: New Requirements for Construction

January 2018

Since October 2017, constructions whose coverage exceeds 20% of the land must submit a hydrogeological study.

The entry into force of the Generic Matrix for the Protection of Aquifers has generated doubts about what the projects that must comply with the presentation of the hydrogeological study really are. On the one hand, the guide indicates that constructions which have a coverage of land equal to or less than 20% of the area will not need the study, and on the other hand, representatives of the National Service of Underground Waters of Irrigation and Drainage (Senara), suggest a different interpretation.   

Costa Rica: Fewer Public Works Affects Construction Industry

January 2016

The lack of new public works projects is putting downward pressure on the growth of the construction sector in Costa Rica, which went from 4.5% in 2015 to only 0.7% being projected for the new year.

The 2016-2017 macroeconomic program by the Central Bank had already projected an annual decline of 9% in public works this year.

Panama: Business Conference in Chiriqui

May 2014

From August 19-21 entrepreneurs from various productive sectors will gather in David to discuss business opportunities.

From a press note by the Chamber of Commerce, Industries and Agriculture of Chiriquí (CAMCHI)

Business Roundtable in Chiriquí

Call to Entrepreneurs in Panama and Central America

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