At the end of the first semester of the year, the cost of new construction, additions and repairs in Panama fell by 43% compared to the same period in 2017, reaffirming the trend seen since last year.
Gone are the days of a real estate boom in Panama.This has been confirmed by the figures that have been seen since last year in the construction sector.Not only has the value of new constructions been continuously falling, but also the number of projects that are being developed and even that submission of environmental impact studies.
A housing complex in Honduras, a road in Panama and the expansion of a hospital in Costa Rica are some of the construction projects planned 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 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.
In the first eight months of the year, the value of construction permits, additions and repairs totaled $1,502 million, 28% more than in the same period in 2016.
At the end of the first quarter, the value of new constructions, additions and repairs amounted to $567 million, 10% more than in the same period in 2016.
The figures compiled by the Office of the Comptroller General detail that the value of new construction, additions and repairs in the first quarter of the year reached $567 million, led by the province of Panama, with $343 million.
The value of construction projects, additions and repairs reported between January and May 2016 fell by 9% compared to the same period in 2015.
The district of San Miguelito was the area that recorded the greatest reduction in the value of construction in the first five months of the year, falling by 80% compared to the same period in 2015.At the other extreme is Colon, where there was an increase of 143%, followed by David, Santiago, Chitre, Aguadulce and La Chorrera.
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.
Data from the National Survey on Private Construction by the Central Bank of Honduras said that "...
Residential developments, waterworks, a pier and shopping centers are some of the projects for which environmental impact studies were submitted in June in Panama.
The report "Construction Projects in Panama - June 2015", prepared by the Business Intelligence unit at CentralAmericaData.COM, contains a detailed list of major construction projects for which environmental impact studies (EIS) were presented to the National Environmental Authority (ANAM) in June.
Residential, commercial and agricultural projects, buildings and warehouses are part of the developments for which environmental impact studies were presented in May in Costa Rica.
The report "Construction Projects in Costa Rica - May 2015", prepared by the Business Intelligence unit at CentralAmericaData.COM, provides a list of key construction projects for which environmental impact assessment (EIA) studies were presented to the National Environmental Technical Secretariat (SETENA) in May.
Electricity substations, a municipal stadium, a hydroelectric project, residential projects and dredging of rivers, are among the projects which presented environmental impact studies in February in Guatemala.
The report "Construction Projects in Guatemala - February 2015", prepared by the Business Intelligence Unit at CentralAmericaData.COM, provides a list of major construction projects which in the month of February presented environmental impact assessments (EIA) to the Ministry of Environment and Natural Resources of Guatemala (MARN).
Roadworks, gas stations, residential developments and expansion of a shopping center, are part of the list of environmental impact studies presented in January in Guatemala.
The report "Construction Projects in Guatemala - January 2015" prepared by the Business Intelligence Unit at CentralAmericaData.com, provides a list of major construction projects which during the month of January submitted environmental impact assessments (EIA) to the Ministry of Environment and Natural Resources of Guatemala.