This analysis enables real estate companies to make data-driven decisions on issues that define the success of a real estate business, from acquisitions, leasing, investments to marketing campaigns and operational processes.
Location analytics provides an unprecedented vision of the real estate market, analyzing real-time mobility data such as foot traffic, makes it possible to know the updated prices of economic areas and properties of interest, the development of construction processes, to optimize the real estate agents work routes, identify risk areas, etc.
In the Northwest of the city a square yard is worth up to $300, and there is still plenty of space available.
An article on Laprensa.hn reports that "...The cost of a square yard of land located in the northwest quadrant is between $150 and $300, due to the fact that this area has become one of the most exclusive in the city."
Development Groups are preparing to build four new high rise luxury apartment buildings in the northwest area of San Pedro Sula.
Private developers announced the launch, in the coming months, of the implementation of high rise construction projects, which will mean an investment of more than $42 million .
"A businessman in construction and infrastructure and advisor to the Mayor of San Pedro Sula, Ernesto Lazarus reported that the minimum investment is $8 million for the construction which is a strong investment in an average of two years during the construction."
Shopping centers and hotels in the city and on the coast are part of the new projects planned for this year and 2015.
Four commercial and mixed-use projects are predicted to boost the sector in 2015. These are City Mall, City Place in Santa Ana, Ocean Mall in Puntarenas and Jacó Beach Walk in in Jaco beach. City Mall and City Place are currently under construction and are projected to start operations in the middle of this year.
2013 has confirmed a trend toward mixed-use projects with spaces for various uses, especially commercial, residential and office space.
The commercial property market has shown an increase in supply of 9.8%, totaling 884,135 m². Among the activities that have contributed the most to the dynamism of this market is the opening of fast food restaurant chains and projections are that it will continue to increase.
There are plans to build a mini-city on the beach in Puntarenas, two mega projects and 6 other smaller works that represent $211 million in investments.
The three largest projects will be developed by local companies in the province of Puntarenas, in the Central and Garabito cantons. "These, together with six other smaller private works, represent investments of over $211 million and the use of more than 164 hectares of land in the next 15 years," noted an article in Elfinancierocr.com.
The well positioned area of Coco del Mar, in Panama City, will be designated as high density, allowing the construction of residential and office buildings.
The Ministry of Housing and Land Management has made changes to the zoning of the area adjoining via Cincuentenario, between Calle 50 and Calle Republica de la India, changing its classification to RM3-C2, which allows the construction of high-rise residential and office buildings.
All in one place. In the west of the capital of Costa Rica "mini-cities" are being built which meet the needs of this new lifestyle trend.
In the west of San José, four real estate projects are attempting to impose a new lifestyle. The first is "Avenida Escazú, whose initial phase was started in 2009 (medical towers, cinema, hotel, parking and residences) and which then added more cinemas, restaurants and shops," noted an article in Elfinancierocr.com.
Benzar Holdings has invested over $40 million in Atrium Mall, which will boast 14,500 m² to retail space.
The new mall, construction of which is expected to be finished in about two years, will also have seven rooms for art cinemas, a play area, a spa, restaurants and bars.
Prensa.com reports: "The new shopping center (which will be added to the other major ones stationed in the capital city) will serve a growing market in Costa del Este, Santa Maria Golf & Country Club and Chanis as well as new developments on the way to Tocumen International Airport. "
Real estate projects in Costa Rica face a tough time expanding due to lack of drinking water in several areas of the country.
Projects developed in cantons such as Escazu or Santa Ana and Mora are being affected by this problem, where local permits for the expansion of properties are held in limbo. "In Guayabo there was interest in the possibility of doing some kind of social project for the people of that Canton, but we've run into the problem of lack of water and the value of the land which is creating a problem with the housing issue ... " said the Mayor of Mora Gilberto Monge.
A public-private partnership plans to invest up to $60 million in hotels, a resort and new businesses in order to give the city of Managua a facelift.
An alliance between the Nicaraguan Institute of Tourism (Intur), the National Port Company (EPN), the Municipality of Managua (Alma) as well as private tourism chambers is proposing to change the face of the capital.
The search for safe habitats and the shortage of land in the central areas of Tegucigalpa and San Pedro Sula, is driving the construction of high rise apartments and gated communities.
The phenomenon occurs mainly in Tegucigalpa and San Pedro Sula. "The projects being constructed in the new development areas have emerged in recent years following the decline of the historic center of Tegucigalpa, another trade hub of the city, which has been losing its glamor coupled with a lack of planning policies and a commercial road," reported Laprensa.hn article.
The boom in housing projects and shopping centers in San Lucas Sacatepequez is attracting new business investments to the area.
The geographic location of the Pan American Highway that runs through the town center, has transformed San Lucas into a 4 km corridor where there are restaurants, shops, furniture stores, convenience centers and five commercial spaces.
The tourism developer Gran Pacifica is planning to complete the Gran Pacifica villa with 300 homes, hotels and condominiums, golf courses and parks, according to the master plan for investment.
Laprensa.com.ni reports that "Leveraging the signs of recovery shown in some of the world’s economies, which seem to have withstood the roughest stage of the global crisis, the tourism developer Gran Pacifica is expanding its growth targets toward agribusiness, energy generation and mining, without abandoning its goal of consolidating residential tourism. "
In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.
Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.