Between 1990 and 2017, the constructed area of residential complexes in the condominium and apartment format in the Grand Metropolitan Area of Costa Rica grew from 5% to 25% of total space.
The most recent report from the State details that 80% of condominiums are in 24 districts, most of which are in the Western and Northern areas of the Grand Metropolitan Area (GAM).
Construction has been announced of a horizontal housing complex containing 39 homes, in the municipality of Nuevo Cuscatlán, in the department of La Libertad.
The construction company Algasa stated that it will begin construction of the residential complex called "Altema Family Townhouses" which will be built in two phases, the first one whose works will begin next month includes the development of 19 townhouses that will be ready in the last quarter of 2019
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."
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.
Apartment buildings, gated communities and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform "Construction in Central America", by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted in September 2017 to the respective institutions of each country.
The law reform approved by the National Assembly raises from $32 thousand to $40 thousand the cap to receive a subsidy for social interest housing and up to $50 thousand for housing in condominiums and apartments.
With the reforms, the ceiling for receiving the subsidy for social interest housing is increased from $32 thousand to $40 thousand for a single family dwelling and up to $50 thousand for multifamily housing, the latter is a new feature of this initiative, specifically for condominiums and apartments.
Apartment buildings, condominiums and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform"Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country in June 2017.
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.
For having wrongfully terminated the management company of the building, Donald Trump is claiming $75 million from the condominium owners in Panama.
CBS News reported that the suit was filed by Donald Trump confidentially with the International Chamber of Commerce, based in Paris. The argument behind the claim is that the owners of the condominium Trump Ocean Tower prepared a "...
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 proportion of this type of housing out of the total square meters authorized for construction in the country went from 19% in 2010 to 23% in 2013.
A total of 1.6 million square meters have been occupied by condominiums in the last two years, 85% more than in the previous biennium. A fifth of these housing projects are concentrated in the central 'canton' (district) of Heredia, followed by four cantons in San Jose: Santa Ana (18%), Goicoechea (14%), Central (9%) and Escazú (9%) .
The Chamber of Builders has recorded eight projects for luxury housing in the country with retail prices ranging from $100 thousand to $450 thousand.
The Chamber of Builders of Nicaragua (Cadur), argues that housing designed for more affluent people have had good sales. Currently there are eight projects of this type recorded in Managua and there are an estimated eight more that are not part of Cadur, with prices ranging from $100 thousand to $450 thousand.
A 29 storey tower containing 126 apartments in the center of the capital San José confirms the trend towards high rise housing with easy access to urban services.
The project which is by Grupo Inmobiliario Del Parque is part of the second phase of the project Torres de Paseo Colon. It involves an investment of $18 million and will be ready in about two months.