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 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 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.