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."
In the remainder of July lots will be auctioned in Gamboa, Llanos de Curundú and Farfan, for $500,000, and in August lots will be auctioned in Albrook and Howard, for $2.5 million.
The Administrative Unit of Reverted Areas has estimated it could raise $10 million from the sale of remaining lots in reverted areas in the Panamanian Atlantic and Pacific.
From a statement issued by the Ministry of Economy and Finance (MEF):
-UARB estimated raising about 10 million dollars
-Owners who are closest will have priority in the purchase options
The Reverted Property Unit will be auctioning lots in August for residential or commercial development in Gamboa, Margarita, Davis and Espinar, in the Atlantic sector and in Farfan and Ancon on the Pacific.
From a statement issued by the Ministry of Economy and Finance:
The Administrative Unit of Reverted Properties (UABR) under the Ministry of Economy and Finance, will resume public auctions of property in August, said Luis Felipe Icaza, Executive Secretary of the Company.
The Savings Bank will auction two lots with R2D2 zoning located between the North corridor and the residential complex Villa de Las Fuentes 2, in Betania.
Both lots measure 10.7 hectares and include R2D2 zoning, ie they are suitable for housing. Companies interested in acquiring these lots may submit their letters of nomination up until February 9.
The capital's municipality has announced that in early 2015 it will put out a tender for the acquisition of land to build a cemetery, not more than 14 miles from the city center.
This initiative of the municipality aims to fill the deficit of sacred grounds in the municipality, as the number of lots available in existing cemeteries has started to decrease.
The government has authorized the sale of $4.6 million worth of land for real estate development in the Tourism Sector in Amador, Ancon.
From a statement issued by the President of Panama:
"By resolution 073-14, authorization is given for the sale of plot No 14 located in the Tourism Sector Amador, Ancon, district and province of Panama, at a cost of 4 million 645 thousand Balboas for tourism development, be it a hotel, mall or shopping plaza, restaurants or cafes and offices.
The demand for land for crops and property development has raised prices in most productive areas.
In cities such as Estelí, Matagalpa and Chinandega, the economic boom has driven up the price of land for farming and for building residential and commercial properties. According to Ricardo Melendez, chief of the Chamber of Builders, one square yard is trading at up to $300 in those cities.
Although it can now be bought for half of its value, there is no interest in acquiring the Atlapa convention center.
Three months ago the third attempt to auction the Atlapa convention center was held and although the law states that after three attempts to auction the property it can be sold for half its value, no person or company has expressed interest in acquiring it.
It has now been announced that ATLAPA will be sold directly in early 2014 for $62 million, equivalent to 50% of its total value, which is estimated at $124.5 million.
As established by the Public Procurement Act, after three failed attempts the 55,000 m² site of the convention center will be sold directly for half of its value.
Solomon Shamah, administrator of the Panama Tourism Authority (ATP) said that by the beginning of next year it may be up for sale.
Business groups are working on the definition of an alternative to the Government's policy to value properties according to their commercial value.
An article in Prensa.com reports that as an example José Luis Ford, president of the Chamber of Commerce, Industries and Agriculture of Panama (Cciap) noted that the position of the chamber is "to search for a more 'real' number, because the value used (commercial value for determining the registry value) does not match reality."