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.
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.
Offering more amenities in residential complexes and maintaining the discounts offered in housing fairs for longer are some of the strategies applied by real estate developers in Costa Rica to increase sales of new homes.
According to the most recent figures from the National Institute of Statistics and Censuses (INEC), between the first half of 2018 and the same period in 2019 the number of houses built in Costa Rica fell by 11% from 10,753 to 9,620.
A water treatment plant in Panama, five multi-purpose buildings in Costa Rica and a business center in Guatemala are part of the 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 constructionprojects expected to be built in the coming months.
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.
A mixed-use tower in Costa Rica, a residential condo in Panama and a warehouse building in Guatemala are some of the projects planned for 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.
In 2017, 437 environmental impact studies were presented in countries in the region in order to develop vertical and horizontal housing projects.
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 in each country.
A highway in Panama, a tourist center in Costa Rica and a high rise residential complex in Guatemala, are some of the projects planned for 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 in the region.
Apartment buildings and horizontal condominiums in Panama, Costa Rica and Guatemala feature heavily in the list of real estate projects planned for 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 for which environmental impact studies (EIA) were submitted to the respective institutions of each country in November 2017.
A wastewater treatment system in Panama, apartment towers in Guatemala and an education center in Costa Rica are some of the 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 October 2017.
A mixed-use residential complex in Panama, an industrial complex in Costa Rica, and two apartment towers in Guatemala are some of the projects that are planned for development in 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 constructionprojects for which environmental impact studies (EIA) were submitted the respective institutions of each country in May 2017.
The construction guild plans to close 2017 with $650 million in public and private construction projects, and achieve a growth of almost 6% compared to 2016.
Figures from the Central Bank of Honduras indicate that in the first two months of this year private construction registered a 2% increase compared to the same period last year.Revistaconstruir.com reports that"... the recovery comes as a result of the development of residential, commercial and industrial works in the municipalities of the Central District, San Pedro Sula and Choloma, among others in the northern zone."
Development Groups are preparing to build four new high rise luxuryapartmentbuildings 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 .
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