As of March 12, a regulation will come into effect in Costa Rica that forces landowners with a surface area of more than 900 square meters to cede 10% of the area of their properties to local governments when they segregate them.
The new rule, which is included in the regulations issued by the National Institute of Housing and Urbanism (INVU), will apply to land located in cantons without a regulatory plan.
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.
Instituto Nacional de Seguros de Costa Rica is looking to acquire land for a health center and site for the institution to be located in Desamparados, San José.
Costa Rica GovernmentPurchase 2018LN-118001-UL:
"Purchase of land to house a building for a health center and site for Instituto Nacional de Seguros in Desamparados, San José."
The Ministry of Economy and Finance in Panama will be holding an auction of a parcel of land with an area of 33,428.58 m2 in the Community of Cardenas.
"AUCTION OF PUBLIC REAL ESTATE No. 2014-0-16-0-08-SB-006798
TO AWARD BY AUCTION PUBLIC GOODS No. 2014-0-16-0-08-SB-006798, FIRST CALL, THE SALE OF PLOT No. CA02-07, WITH A LAND AREA OF 33,428.58 MTS2, LOCATED IN THE COMMUNITY DE CARDENAS, Ancon, PANAMA DISTRICT AND PROVINCE, FOR RESIDENTIAL USE.
The demand for housing solutions and commercial spaces in downtown San Jose has led the cost of land per square meter to rise to $1,200.
Nacion.com reports: "Mata Redonda, Merced, Catedral, Hospital and El Carmen have in the last three years represented half of the total square meters (sqm) for which there are applications for building permits. In this area, construction of houses and stores has the most dynamism ... ".
Keeping pace with demand, condo building in Costa Rica in 2012 grew by 130% compared to 2011.
Among the factors accounting for the increased demand for housing in Costa Rican condos, the most important is the search for greater security against crime and the high cost of land.
An article in Radioreloj.co.cr reports that "According to the Costa Rican Chamber of Construction, the development of condominiums increased by almost 130 percent in the last year. During 2012, it handled 870,000 square meters of condos. A year earlier the figure was 378 thousand square meters. "
The Foreign Trade Promotion Office has put on sale a plot of land measuring 64 thousand square meters in the town of Liverpool, Province of Limon, suitable for Free Zone development.
The sale value of the land is $1.4 million according to information supplied by Procomer.
The institution purchased the land when one of its responsibilities was to manage development in the zones, a situation which has changed since the law was amended.
The National Insurance Institute is inviting bids for the purchase of land to be used as parking for its headquarters building in San Jose.
The land purchase is for the purpose of accommodating parking for the headquarters building of the National Insurance Institute in San Jose.
The land must be located in the city of San Jose, at a distance no greater than 300 meters from the Central Office Building of the INS, in any of the cardinal points.
The real estate developer of tourism projects expects to raise $ 10 million in order to fund construction works in 2011.
Lanzo Luconi, director of Aldesa Investment Fund, the concessionary of the project, said that they still have not defined how many acres will go on sale, as well as the size of the lots.
"Monte del Barco is one of the oldest companies in this tourist area (Golfo de Papagayo), administered by the State since the early 1990 with a view to making this area of Guanacaste a cradle of tourism and investment," added Ana Cristina Camacho in her article in Elfinancierocr.com.
The CCSS received land offers valued between $ 3 and $ 19.5 million for its new hospital in Cartago.
Gabriela Murillo, Infrastructure Manager for the Social Security Fund (CCSS), said the next step is to verify the offers received. She added the decision on which property will take several months.
"In early August, the institution had informed this newspaper they were looking for a property of no less than 15 hectares,” Nacion.com reported.
The $4 million invitation to tender is to acquire land on which to build the new Max Peralta Hospital.
The land to be offered should be in Cartago province, not more than 6 km from the hospital's current location.
The optimum size for the site is considered to be between 110,000 m2 and 150,000 m2, for the purposes of building a regional hospital. It will need to have space for parking, buildings, sewage and solid waste treatment with a portion also to be set aside for potential future growth.