It was announced that as of February it is planned to begin construction in Lomas de San Francisco, an eight-level residential tower, which will house 34 apartments of six different types.
Representatives of Grupo Alquimia informed that the apartments of the new residential tower that will be called "Allegro" and will be in the capital of the country, have areas from 91 m2 to 114 m2.
A 40% decline is estimated in the construction of social housing investments in the country, and in the case of middle and upper-class housing, the contraction reaches 70%.
According to figures from the Superior Council of Private Enterprise (Cosep), the value added in the construction sector will register a 25% decline, falling from $399 million in 2017 to $300 million in 2018.
A residential condominium of 591 houses is planned to be built in the province of Cartago, Costa Rica, which together will total a construction area of 146 thousand square meters.
According to the interactive information system "Construction in Central America" from CentralAmericaData, Cafetalera André, S.A. plans to build a residential complex called "Condominio Sotavento" in the district of Concepción, in La Unión canton.
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.
TP Constructora is developing a residential complex in Nuevo Cuscatlán, consisting of two buildings that will house 28 apartments each.
The developer of the project called "Life Santa Elena", which is located on Boulevard Cuscatlán, reported that construction began a month ago and plan to deliver the new apartments in December 2019.
A 22-floor residential tower, which will house 88 apartments in five different types, was announced in the San Benito neighborhood.
Representatives of Inversiones Bolívar explained that for the residential project called "Casa Uno Cinco Nueve", construction works are planned to begin in the second semester of 2019, and $30 million investment is estimated.
The builders' guild in El Salvador is preparing a law proposal, which provides for the approval of preferential interest rates on loans for home purchases.
The proposal to be presented by the Salvadoran Chamber of Construction Industry (CASALCO) will be applicable for bank loans to low- and middle-income families who purchase their first home.
The tower planned to be built in Antiguo Cuscatlán, in El Salvador, will have nine levels and will house 94 apartments.
Inversiones Bolívar, the company developing the project, reported that this new tower, which will be built in the Lomas area of San Francisco and will be called "Avitat Joy", is the third part of the series of condominiums, as "Avitat One" is already sold completely and Avitat Fit will be completed in 2019.
Urbanica plans to build a housing complex in Tegucigalpa consisting of a 24-floor apartment tower and seven townhouses.
Representatives of the Salvadoran construction company reported that the project called "Anthurium", which will be built in the Tegucigalpa city, will be in the Lomas del Guijarro sector.
A residential in Panama, an office building in Costa Rica and an apartment complex in Guatemala are part of the projects expected for the coming months in the region.
The interactive system "Construction in Central America" from the Trade Intelligence Area of CentralAmericaData includes an updated list of public and private construction projects that are expected to be built soon.
Between 1990 and 2017, the constructed area of residential complexes in the condominium and apartment format in the Grand Metropolitan Area of Costa Rica grew from 5% to 25% of total space.
The most recent report from the State details that 80% of condominiums are in 24 districts, most of which are in the Western and Northern areas of the Grand Metropolitan Area (GAM).
A 15-floor building is planned in Zone 11 of the country's capital, which will have 118 apartments and a parking lot with capacity for 246 vehicles.
According to the interactive information system "Construction in Central America" developed by CentralAmericaData, Desarrollos San Miguel, S.A. plans to build a tower that will house 89 apartments with three bedrooms and 29 with two bedrooms.
Two apartment buildings have been announced, they will require an investment of $22 million and will be in the municipality of Santa Tecla, department of La Libertad.
The Tres Torres Desarrollo Inmobiliario company reported that the construction of the two towers that will house 156 apartments and will have parking for 340 vehicles, are part of the residential complex "Nuva 112."
In Panama, 83% of the houses and apartments for sale range in price from $150.000 to $2 million, while 80% of those interested seek properties with prices below $150.000.
Andres Buitrago, manager for Central America and Colombia of OLX, who prepared the study, detailed to Elcapitalfinanciero.com that "... 84% of the supply is concentrated in six areas: San Francisco, Bella Vista, Betania, Ancon, East and West Panama."
A six-floor apartment tower and a basement for vehicle parking were announced in the Utila colony, Santa Tecla.
Alpha Inmobiliaria is the company in charge of the residential project development called "Vento", and the representatives informed that the condominium will offer 21 apartments whose prices will range between $85,000 and $170,000.