Through solutions based on the analysis of satellite photos and machine learning models, it is possible to optimize the process of identifying the best land uses and analyze the areas where a construction project will be developed with a high level of detail, in order to find the optimal location and minimize investment risks.
The accelerated growth in the availability of data and the solutions and technologies being developed to take advantage of it is directly impacting all industries, and the real estate and construction industry is no exception.
During the first four months of 2021, interest in apartment rentals, as evidenced by the number of Internet searches and mentions in conversations in the digital environment, increased in all Central American markets.
Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project demand trends in the short and long term, for the different products, services, sectors and markets operating in the region.
During the first weeks of the year, interest in apartment rentals increased in Honduras, Panama, Dominican Republic and Guatemala, a situation that contrasts with Costa Rica and El Salvador, markets in which interactions in the digital environment decreased.
Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project demand trends in the short and long term, for different products, services, sectors and markets operating in the region.
Between July and October 2020 the number of people in Panama looking for apartments to rent grew 34%, while the number of Honduran consumers looking to buy apartments for sale fell 5%.
CentralAmericaData's interactive platform, Consumer Insights, monitors in real time changes in consumer habits in all markets in the region and in other Latin American countries, with key data to understand their behavior, new trends and anticipate eventual changes in their buying patterns.
When the first cases of covid-19 were reported, in all Central American markets the interest in renting residential apartments fell abruptly, however, since April the fall stopped and in the last months an upward trend was evident.
Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project short and long term demand trends for the different products, sectors and markets that operate in the region.
Because of the new commercial reality that has emerged in an accelerated manner and with the boom of telecommuting, potential buyers are more inclined to buy an individual home, which offers more privacy, than an apartment.
With the spread of covid-19, strict home quarantines were decreed in Central American countries. This scenario encouraged the implementation of telecommuting and forced companies to adapt to new forms of operation.
An apartment tower in Honduras, the construction of a road in Guatemala and a multipurpose tower in Panama are part of the investments announced in the region for the coming months.
The interactive system "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects to be developed in the coming months.
About 60% of the apartments in the district of Santa Ana, Costa Rica, have prices per square meter that range from US$1,500 to US$2,000.
An analysis of the real estate supply by area, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results on the behavior and distribution of prices per square meter in the sector of Santa Ana, in the province of San José.
Grupo Roble began building a 15-story residential tower in the country's capital, which will house 96 apartments and is expected to be ready by the end of 2020.
According to the directors of the real estate company, the building called "Altos Tower" that is located on the extension of the Alameda Juan Pablo II of San Salvador, will have a parking lot with capacity for 224 vehicles.
A shopping mall in Panama, a multi-purpose real estate complex in Guatemala and the expansion of a drinking water system 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.
An apartment building in Guatemala, an educational center in Panama and a tourist complex in Costa Rica, are part of the projects that are planned to be developed in the coming months in the region.
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 soon.
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.
Two apartment buildings have been announced, they will require an investment of $22 million and will be in the municipality of Santa Tecla, department of La Libertad.
The Tres Torres Desarrollo Inmobiliario company reported that the construction of the two towers that will house 156 apartments and will have parking for 340 vehicles, are part of the residential complex "Nuva 112."
It is expected to invest $14 million in the infrastructure of an apartment building, which will have 109 housing units and will be located at kilometer 16 of the road between San Salvador and La Libertad.
The project, called AtLoft, will be developed by Tuscania Corporate & Business Park (TCBP), and according to its representatives, the complex will include a total area of seven blocks.
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.
The interactive platform "Construction in Central America", included in the Business Intelligence Unit at CentralAmericaData, lists updated public and private construction projects that present environmental impact studies (EIA) to the respective institutions of each country.