The construction of residential developments with different typologies, recreational areas and with surveillance is foreseen in different areas of the country.
CentralAmericaData's "Commercial Feasibility Studies" includes an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
In 2019, 426 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
Vertical housing developments in Panama and Guatemala, and the development of a mixed-use project in Costa Rica, are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
In the first quarter of 2019, 76 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in the countries of 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.
After the Malaga City housing project was acquired by ALD Inmobiliaria in Costa Rica, the construction company has re-started work on the 1,600-unit condominium.
In August, in order to reactivate the project under the name "Residencial Terra Verbena", the acquisition of the residential complex "Malaga City" located in Alajuelita by ALD Inmobiliaria from Rock Constructions was reported.
In Costa Rica, the Málaga City housing project, which was to be developed by Rock Constructions, was acquired by ALD Inmobiliaria, which plans to resume works.
In January 2017 the company Infinito Versol S.A. announced its intention to issue $42 million in debt bonds in the local market in order to finance the construction of a residential development of 1,600 homes.
The nicaraguan government has announced a new subsidy on the interest rate for apartments´purchases worth up to $50,000 and constructed within buildings with no more than four floors.
In addition to this new incentive to purchase housing classified as social interest and in high rise form, the Ortega administration has announced that it will expand from $32 thousand to $40 thousand the maximum value of high rise housing that is eligible for the current interest rate subsidy.
The price indices of buildings and social interest housing recorded year-on-year changes of 6.55% and 3.19%, respectively, in the eighth month of the year.
From a statement issued by the National Institute of Statistics and Census:
Price indices for construction based on February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works.They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.
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.
The price indices of buildings and social interest housing up to May 2017 recorded year-on-year changes of 5.9% and 3.6%, respectively.
From a report issued by the National Institute of Statistics and Census:
Price indices for construction based on February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works. They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.
The price indices of buildings and social interest housing up to April 2017 registered inter-annual variations of 5.13% and 3.70%, respectively.
From a statement issued by the National Statistics Institute:
Price indices for construction based on February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works. They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services. In April 2017, the variations of each of these price indices were:
The price indices for buildings and social interest housing registered interannual variations of 3.71% and 2.18%, respectively up to March 2017.
From a statement issued by the National Statistics Institute:
Price indices for construction based on February 2012 are a set of twenty statistical indicators, which measure the change in prices of materials used in the construction of different kinds of works.They are composed of the buildings price index, the social housing price index, and a group of nineteen price indices for raw materials and special services.In March 2017, the variations of each of these price indices were:
The estimates for the number of low-income family homes needed to be built in San José and Alajuela to meet current demand is 15,000.
Data from the Housing Promotion Foundation in Costa Rica indicates that in the capital the number of social or low-income homes needed to be built is 8,633.
"...According to Johnny Araya, Mayor of San Jose, the capital has the potential to accommodate more families and he believes that the solution is to build vertically.'There are already projects underway, such as those you can see in Sagrada Familia, near the Rancho Guanacaste, in Cristo Rey, where there is a supply of high rises for low-income sectors'. "
In Costa Rica, Infinito Versol S.A. is planning to issue $42 million in debt bonds in the local market in order to finance construction of a residential development of 1,600 homes.
The issue was authorized by the General Superintendency of Securities in November 2016, and the placement in the local market is scheduled to take place before April this year.
In Costa Rica the real estate market has started to respond to the demand for lower middle class homes which typically have minimal sizes and are in buildings or condominiums.
Apartments measuring from 40 square meters for single people or small families at prices starting from $65 thousand have started to make up a large part of the real estate supply in the country, where until now there has been a predominance of real estate developments which are larger area and cost more, aimed at the middle class and upper class middle segment.