In January 2020, investment in new construction, additions and repairs amounted to $109 million, 53% more than reported in the same period last year.
This increase occurs in an unfavorable context, since last year the construction activity in the country continued to decline for the second consecutive period, since between 2018 and 2019 the total investment fell 14%, a rate lower than that reported between 2017 and 2018, of -39%.
Construction activity in the country continued to decline for the second consecutive year, as total investment fell 14% between 2018 and 2019, slightly less than the rate reported between 2017 and 2018 of -39%.
The latest report from the General Comptroller of the Republic, explains that in December 2019 the cost of new construction, additions and repairs totaled $56 million, an amount that is 30% less than that reported in the same month of 2018.
Construction activity in the country continues to decline, since between January and November last year, $1072 million were reported in new construction, additions and repairs, 13% less than the same period in 2018.
The last report of the General Comptroller of the Republic, explains that in November this year the cost of new construction, additions and repairs totaled $56 million, which is 47% less than that reported in the same month of 2018.
Construction activity in Panama continues to decline, as in the first ten months of the year were reported $1,016 million in new construction, additions and repairs, 9% less than in the same period in 2018.
The most recent report of the General Comptroller of the Republic, explains that in October of this year the cost of new constructions, additions and repairs totaled $131 million, which is identical to the amount reported in the same month of 2018.
Construction activity in Panama continues to fall, with $819 million in new construction, additions and repairs reported from January to August 2019, 11% less than in the same period in 2018.
According to the latest report of the General Comptroller of the Republic, in August of this year the cost of new constructions, additions and repairs totaled $136 million, 10% more than the data recorded in the same month of 2018.
Construction activity continues to decline, with $683 million in new construction, additions and repairs reported from January to July 2019, 14% less than the same period in 2018.
According to the latest report of the General Comptroller of the Republic, in July of this year the cost of new constructions, additions and repairs totaled $173 million, 10% below the figure for the same month in 2018.
From January to May 2019, the cost of new construction, additions and repairs totaled $404 million, 26% less than the same period in 2018.
The latest report of the General Comptroller of the Republic details that only in May of this year the cost of new constructions, additions and repairs totaled $82 million, 17% below the figure for the same month in 2018.
At the end of the first quarter of 2019, the cost of new construction, additions and repairs fell 28% compared to the same period in 2018.
The latest data from the General Comptroller of the Republic details that only in April of this year the cost of new construction, additions and repairs totaled $79 million, an amount that is 36% lower than that reported in the same month of 2018.
In the last two years, the downward trend in construction has been a constant, and in the first two months of 2019 the cost of new construction, additions and repairs fell 19% over the same period in 2018.
The most recent report of the General Comptroller of the Republic details that only in February of this year the cost of new constructions, additions and repairs totaled $92 million, which is equivalent to 134 thousand m2 of constructed area.
Consistent with the trend of the last two years, in the first month of 2019 the cost of new construction, additions and repairs fell 39% compared to January 2018.
The most recent report of the General Comptroller of the Republic details that in January of this year the cost of new constructions, additions and repairs totaled $71 million, and the number of projects for which construction permits were granted was 998.
Although Costa Rica has a good image abroad, businessmen in the tourism sector with investment plans face long and complex procedures in public institutions.
Businessmen from the hotel sector believe that the growth rate of the construction of tourist infrastructure would be higher if the procedures in institutions such as the National Environmental Technical Secretariat (Setena), the Costa Rican Institute of Electricity and municipalities were speeded up.
Consistent with the downward trend reported since the beginning of last year in Panama, during 2018 the cost of new construction, additions and repairs fell 39% compared to 2017.
Data from the General Comptroller of the Republic detail that the performance of the construction sector in 2018 was negative, since the cost of new constructions, additions and repairs totaled $1.311 million, a figure lower than the $2.144 million reported in 2017.
Consistent with the trend reported two years ago, in the first eleven months of 2018 the cost of new construction, additions and repairs fell 39% over the same period in 2017.
The latest report of the General Comptroller of the Republic details that between January and November of this year the cost of new construction, additions and repairs totaled $1.227 million, and the number of projects for which construction permits were granted was 9.858.
Because of the behavior of residential construction, $750 million was invested in projects in the first nine months of the year in the Panama district, 49% less than the same period in 2017.
One of the causes of the considerable drop in activity in the country is that this year the Panamanian construction sector had to face a workers' strike, which generated millions of losses and lasted about a month.
Because licensing is proceeding faster, private projects are rebounding in Guatemala and the sector in general expects to close 2018 with a 3% increase.
Representatives of the Guatemalan Chamber of Construction (CGC), explained that the positive behavior of the sector this year is because of the liberalization of licenses for the construction of projects that were pending to be authorized and new investments made.