Real Estate Supply: How do Prices Behave?

About 60% of the apartments in the district of Santa Ana, Costa Rica, have prices per square meter that range from US$1,500 to US$2,000.

Wednesday, January 15, 2020

An analysis of the real estate supply by area, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results on the behavior and distribution of prices per square meter in the sector of Santa Ana, in the province of San José.

The analysis specifies that the prices per square meter (price/m2) of about 15% of the vertical housing properties in the sector range between $2,100 and $2,500. It also details that just over 20% of the apartments have 3 or 4 bedrooms.

Regarding the horizontal properties, the data indicate that the price/m2 of 6 of every 10 houses in the canton, oscillate between $1,100 and $1,700. The houses whose price/m2 is between $2,200 and $2,500, represent a little more than 7% of the total properties in the area.

In the case of land where no construction has yet been developed, also known as "green properties", it is estimated that the price/m2 of just over 40% of the total, ranges between $160 and $230.

CentralAmericaData has the most complete georeferenced information system of the real estate market, for all the countries of Central America and other cities of Latin America.

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More on this topic

Panama: Soaring Prices in Residential Market

August 2016

Between the first half of 2015 and the same period in 2016 the average selling price per square meter rose from $2,850 to $3,100 in Class A projects.

Data from CBRE Panama reported on by reflects the growing demand for residential projects in the capital and its surrounding areas. In the case of Class A residential projects, in the first half of the year an increase was recorded in the average price per square meter, while in the segment of class B projects, stability is reported in prices, "... underpinned by a low availability. "

Panama: Growing Demand For Beach Apartments

March 2016

An inventory of apartments on the beach front could grow from 400 to over 1,600 units in three years, thanks to demand from domestic and foreign buyers.

Buying an apartment on the beach is not a something that only foreigners do in Panama. Although prices range between $200,000 and one million dollars, Panamanians in the high and upper middle class brackets are also positioning themselves as buyers of such properties, according to studies cited by Important sectors of Punta Chame to Playa Blanca, Farallon, Santa Clara, El Palmar (Hato River) and Rio Mar (San Carlos).

Panama: Real Estate Boom in Suburbs of Capital

July 2014

The increase in residential real estate projects around the center of Panama City has doubled land prices in some areas in the space of five years.

The real estate boom experienced in Panama City can now be seen in the prices of residential projects in areas previously considered as "suburbs" where residential real estate developments are priced at over $80,000.

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.

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