Residential Supply Moving Away from the Capital

In Costa Rica, residential projects aimed at families in the middle socioeconomic segment increasingly tend to be located outside of the greater metropolitan area.

Thursday, August 23, 2018

Nacion.com reports that "...Housing options for people and families in the middle-income bracket, a segment also known as the middle class, are increasingly moving to sites farther away from the capital city, according to a survey carried out on Wednesday, August 22 between real estate agents participating in the housing fair Expocasa and Decoration."

See also: "
Upcoming construction projects in Costa Rica"

The development companies that took part in the fair explained that most projects whose prices range between $70,000 and $100,000 are located in areas such as San Isidro, Grecia, La Guácima and San Rafael, and also in Ciudad Colón.

"... In general, homes or apartments that are located between $70,000 and $80,000, have one or two bedrooms, a bathroom and a carport for one vehicle. When it comes to apartments in towers, space for a vehicle is also reserved."

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New $8 million Residential Investment

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The tower planned to be built in Antiguo Cuscatlán, in El Salvador, will have nine levels and will house 94 apartments.

Inversiones Bolívar, the company developing the project, reported that this new tower, which will be built in the Lomas area of San Francisco and will be called "Avitat Joy", is the third part of the series of condominiums, as "Avitat One" is already sold completely and Avitat Fit will be completed in 2019.

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During the first half of 2018, 203 environmental impact studies were presented in Central American countries to develop condos, apartment buildings and other housing projects.

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Panama: Growing Demand For Beach Apartments

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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 Panamaamerica.com.pa. Important sectors of Punta Chame to Playa Blanca, Farallon, Santa Clara, El Palmar (Hato River) and Rio Mar (San Carlos).

Real Estate Projects Worth $200 million Announced

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The real estate firm Haus is projecting that over the next five years they will build ten towers with 2,000 apartments in Panama City.

The developer of real estate projects in Panama has announced that construction will take place in central areas of the capital and will be focused on the urban middle class professionals segment in the country.

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Desarrollo Inmobiliarios 4D

We are a firm dedicated Aldesa Investment Corporation to seize business opportunities in the housing market.
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