From September 9 to 10, the VI Latin American Real Estate Congress CILA 2021 will be held in Ciudad Cayala, in zone 16 of the country's capital city, an event that will analyze opportunities to buy properties in the region and the reality of real estate sales in the post-pandemic era.
The Congress, which will be held under the theme "A new beginning in the real estate world", will offer conversations and panel discussions between Latin American countries, corporate stands for sponsors and virtual networking rooms.
The Íntegro business group announced that it will build a mixed-use real estate complex in Zone 11 of the country's capital, which will house 675 apartments and will also have commercial spaces.
The project is called Villa Mariscal and will consist of four totally autonomous towers. Each building will have its own gym, coworking area, meeting areas and rooftop.
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.
In Guatemala, the Ministry of Environment and Natural Resources rejected the environmental instrument for a real estate project known as El Socorro, to be developed in Zone 16 of the country's capital.
Since the project's development was announced, several organizations have expressed their opposition, and even the authorities of the Ministry of Environment and Natural Resources (MARN) were summoned to Congress to discuss the details of the project.
Avenida Medica launched its second tower of clinics located in the area of San Rafael de Escazu, a building that has a construction area of 10 thousand square meters and required an investment of more than $ 13 million.
According to representatives of Portafolio Inmobiliario, the business group that developed the project, the new building will be able to accommodate 135 medical offices and the first will be occupied by commercial premises.
Last February, the construction of an office building in Zone 14 of Guatemala City began, which will be called Park Avenue and will have 7,396 square meters of construction.
The new building, which will have seven levels and will offer profitable spaces of between 880 and 990 square meters for local and multinational companies, will be part of the Parque Las Americas Shopping Center.
Businessmen estimate that between 750 and 800 houses were sold in Nicaragua during the first four months of the year, a figure that would be far from the sales reported prior to the socio-political crisis of 2018, but would exceed the sales of the last three years.
In 2017, before the political and social crisis broke out, 5,000 houses were sold in the country per year.
The construction of a 23,500-square-meter shopping center that will house 135 stores and will be located in Ciudad Quesada, in the province of Alajuela, has been announced.
The new property is called Plaza Comercial El Encuentro San Carlos and will be built by Desarrolladora Inmobiliaria Bambu in alliance with Nacascolo Holdings. The shopping center will begin construction in April 2021 and will open to the public in November 2022.
Portafolio Inmobiliario plans to invest $11 million in the refurbishment of the Real Cariari Shopping Center, which will be turned into an office building to be called Cariari Corporate Center.
The firm decided to make this change because in the areas near the building, competition among shopping centers is strong, as Paseo de las Flores, mall Alajuela and Oxígeno operate in the area.
Because projects that were planned prior to the pandemic are expected to be developed in Guatemala in 2021 and 2022, developers will need to assess whether they need to rethink them, as some market conditions have changed in this new reality.
Because of the pandemic resulting from the covid-19 outbreak in the country, several projects were delayed or not implemented during 2020.
Calypso Developments announced that it plans to build a horizontal residential complex in the province of Limón, Costa Rica, which in its first stage will consist of 77 homes.
According to information released by the company developing the project, the new housing complex will be called "Condominio Hacienda Santa Rosa" and will be located in the Southern Caribbean, 15 minutes from downtown Limon, on the road to Cahuita.
A bill was presented to the National Assembly to regulate the leasing of real estate, so that the client who rents a property has the option to buy it.
In order to regulate the financial leasing of real estate known as real estate leasing or housing leasing, the Minister of Housing and Land Management (Miviot), Rogelio Paredes, was the official the Executive who presented the bill to the Assembly.
From January to June 2020, 57 environmental impact studies were presented for the construction of commercial buildings in Central American countries, and most of them are concentrated in Costa Rica and El Salvador.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
The commitment to long term rentals instead of vacation rentals, preference for larger residences and innovation in the marketing tools of the projects under development are some of the changes expected in the coming months, which could set a new pattern in the sector.
The health crisis caused by the spread of covid-19 ended up changing consumer habits in all Central American markets.
From January to June of this year, the constructed area of warehouses and other industrial properties in Costa Rica increased by 58,273 square meters compared to the same period in 2019, which is equivalent to an annual increase of 3%.
Colliers, a firm specialized in real estate, informed that as well as the built area, the availability of spaces in the Costa Rican market also increased.