In Costa Rica, residential projects aimed at families in the middle socioeconomic segment increasingly tend to be located outside of the greater metropolitan area.
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."
Apartment buildings and horizontal condominiums in different regions around the country make up the bulk of the list of real estate projects planned for the coming months.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be built in the region.
In Santa Tecla a real estate developer began the construction of 301 apartments distributed in four towers with six and 10 levels each.
Without disclosing the overall amount of the investment, the developers of the project called "Casas del Árbol" reported that the apartment towers will be built on a 3.5-acre lot located between the Pan-American highway and the Monseñor Romero boulevard, within the Santa Rosa residential complex.
In addition to the segment of young people who want apartments in downtown areas in Costa Rica, older adults are also looking for smaller spaces with easy access to services.
Developers of condominiums and vertical housing in Costa Rica assure that it is not only professional couples who are looking for apartments in buildings with amenities, and which are located in more urbanized areas where there are services such as supermarkets and shopping centers in the vicinity.
Vertical and horizontal residential condominiums in the provinces of San José, Heredia and Cartago are some of the projects for which environmental impact studies were submitted in May 2016.
The report"Construction projects in Costa Rica in May 2016"prepared by the Business Intelligence unit at CentralAmericaData.com, provides an updated list of major construction projects for which environmental impact assessment (EIA) studies were submitted to the National Environmental Technical Secretariat (SETENA) in May.
Plans have been drawn up to build in the center of San José, Costa Rica, a complex made up of three towers, each with 21 floors, and spaces for residential, commercial and office use.
The Environmental Impact Assessment (EIA) submitted to the Technical National Environment Secretary in December 2015 indicates that the development is called "Condominio Residencial Horizontal Vertical Mixto", and will be located in the district of Catedral, province of San José, at the site of the former premises of the company Dos Pinos.
Horizontal condominiums and apartment buildings make up most of the list of residential construction projects for which environmental impact studies were submitted in October 2015.
The report "Construction Projects in Panama - October 2015", prepared by the Business Intelligence unit at CentralAmericaData.com, provides a detailed list of major construction projects for which environmental impact assessment (EIA) studies were presented to the Ministry of Environment in October.
A logistics distribution center, a building for government offices, a school, a hotel expansion, and electrical infrastructure are some of the projects which submitted environmental impact studies in March in Costa Rica.
The report "Construction Projects in Costa Rica - March 2015", prepared by the Business Intelligence Unit at CentralAmericaData.com, provides a list of major construction projects which in March submitted environmental impact studies (EIS) to the National Environmental Technical Secretariat (SETENA).
In Santa Cruz the issuance of new building permits for the exploitation of existing water sources has been prohibited due to risk of salinization of near-shore wells.
Until a proper long term water plan has been created, including the construction of a new pipeline, real estate development projects must remain on paper, since new construction permits will not be granted in three districts in Guanacaste most sought out by tourists, Tamarindo, Cabo Velas and Tempate.
The developer Urbánica in San Salvador has started construction of 57 apartments in two towers each with 11 floors.
The towers will be built within the Conjunto Condominal Portal Canarias residential project, which with this new stage, will complete a total investment of $60 million, said Alejandro Dueñas, executive director of Urbánica to Elsalvador.com.
A free zone, two hotel developments and a condominium estimated at $185 million and $30 million are part of the works that private entrepreneurs have planned for the province of Limon, in Costa Rica.
With the announcement of the construction of the container terminal at Moin and the extension of Route 32, investors have glimpsed investment and business opportunities in the province, which foresees strong economic development in the coming years.
An environmental impact study has been presented for the construction and subsequent operation of a residential condominium in San Rafael de Escazú, in the province of San José.
Developer company BDI Los Laureles has submitted to the National Environmental Technical Secretariat (Setena) an environmental impact study for the construction of residential project called Casas Los Laureles.
The Garnier & Garnier Group has started construction of a complex of two apartment towers with commercial spaces west of the capital.
The first stage consists of a 23 story tower which will feature commercial areas, parking and apartments priced from $125,000. The complex will be located 150 meters east of San José Palacio hotel.
Karla Quevedo, commercial manager of the company, told Nacion.com that "...
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 project consisting of 7 hotels with 855 rooms and condominiums to be built in the Papagayo Peninsula, Costa Rica, will be developed by the Costa Rican company Florida Ice and Farm.
According to a file submitted by the company Florida Ice and Farm (Fifco) to the Technical Environmental Secretariat, the project will require $467 million to be invested in five phases running up to 2022 and includes, in addition to hotels and residences, "...