Residential developments, electrical works, commercial buildings and offices and a production plant for mashed bananas, are some of the projects which requested environmental permits in Guatemala in February 2016.
The report "Construction Projects in Guatamala - February 2016", prepared by the Business Intelligence unit at CentralAmericaData. com, provides an up to date list of major construction projects for which environmental impact assessment (EIA) studies were presented in February to the Ministry of Environment and Natural Resources of Guatemala.
In 2015 the total built area fell 11% compared to 2014, mainly due to a 9% reduction in residential construction, which accounted for 57% of the total.
An 11% drop in construction designed for residential use, was added to the 26% reduction of the construction of commercial spaces and a decline of 10% in the construction of industrial facilities.
Parking tower blocks, residential developments, hydraulic works, hotels and office buildings are some of the projects for which environmental impact studies were submitted in June.
The report "Construction Projects in Costa Rica - June 2015", prepared by the Business Intelligence unit at CentralAmericaData.COM, contains a detailed list of major constructionprojects for which environmental impact assessment (EIA) studies were presented to the Ministry of Environment and Natural Resources (MARN) in June.
Construction companies are negotiating with the banking system for access to preferential interest rates in order to finance housing projects for lower-income sectors.
In order to alleviate the poor performance that construction sector has seen in recent months, construction companies plan to focusing on developing high rise housing projects, which, in the view of the entrepreneur Ernesto Lazarus, "... is a solution for those who have difficulty buying a house because of the price of land."
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 .
In the northwest of the city construction will take place of Ciudad Maya, a luxury residential complex which integrates a commercial area, a corporate area, an apartment building, and other recreational areas.
William Hall, a member of Inmobiliaria del Valle (Invalle), and project manager, said one of its additional attractions is that it will have a road bridge which will provide singular access to the complex.
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.
How much does a house cost that is 200 square meters, 3 bedrooms and 2 bathrooms, in an area of 3,000 square meters, in a middle class neighborhood?
The Central American Home price Snapshot, coordinated by Reveal Real Estate and Global Property Guide, reveals the sales price of similar homes in 12 real estate markets in Belize, Nicaragua, Costa Rica and Panama.
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