Real Estate in Central America

A Special Report by Revista Summa, containing a comprehensive overview of the construction industry in the region.

Friday, May 1, 2009

The current financial picture has not stopped progress in the construction sector in Central America and the Dominican Republic:

Country Summaries:

GUATEMALA
The adverse economic context has not stopped real estate development from looking for opportunities amid the crisis.

EL SALVADOR
This year, maintaining public and private investment is the hope of a construction sector that was hit by the international situation in 2008.

HONDURAS
Deceleration in remittances is one of the factors that is affecting the economy and contributing to the decrease in real estate activity.

NICARAGUA
Investment in construction will increase due to the momentum created by mega-projects, the construction of social housing and housing development.

COSTA RICA
A slow but steady credit reactivation has restored hope in the sector, especially in office and industrial warehouse construction.

PANAMA
The picture in the real estate sector remains positive. Construction permits have increased in the first months of the year.

DOMINICAN REPUBLIC
After several months of depression, the real estate industry foresees a more dynamic future.

You can access the full report (in spanish) at:
Especial Bienes Raíces



More on this topic

Regional Forum on Housing and Construction

July 2016

Financing for housing and sustainable urban development will be the topics under discussion at the event to be held on August 22 and 23 in Managua.

The Chamber of Builders in Nicaragua and the Inter-American Housing Union are organizing the event, which will bring together professional financial real estate companies, developers and builders, banks and finance companies, savings and loans companies for housing, cooperatives, investors, and representatives of public entities.

Housing Construction in Nicaragua

January 2013

The Chamber of Builders and the government are working together to achieve the funding necessary to reach the target of 10,000 new homes every year.

Laprensa.com.ni reports that "After fulfilling the goal of building 4,000 houses and delivering them in 2012, the goal is to raise the annual figure by a thousand houses.

Builders Wary of Interest Rate Hike

September 2012

In light of rumors over possible changes to mortgage conditions, Nicaraguan real estate developers are asking the country's banks not to go through with them because they would affect the sector’s growth.

Alberto Atha, president of the Chamber of Builders of Nicaragua (Cadur), said that a rumor is spreading that some banks will increase interest rates on mortgage loans by between one and two percentage points and the premium could be increased by 15 %. "We are convinced that such a move would affect and stagnate the growth process that the industry is experiencing." ... although the changes are not yet official, they are holding talks with banks asking for these measures not to be applied in the immediate future. "

Panama: $ 300 million Ocean Reef Islands Project

October 2010

With the presence of President Ricardo Martinelli the Ocean Reef Islands project was launched.

Ingenieros Civiles Asociados (ICA), contractor and builder Grupo Los Pueblos developer of Punta Pacific Islands, will invest approximately $ 300 million.

Martinelli considered this project visionary as the investment is purely Panamanian capital (approximately $ 300 million) and allows to project confidence to other investors, domestic and foreign, to continue to position Panama as a nation with first world infrastructure.

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