El Salvador is starting a housing development between subdivisions, residences and apartments, as well as commercial construction with hotels with different capacities and amenities.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
Properties are being developed for residential use in El Salvador, the lots are located in different provinces, to facilitate access to housing for Salvadorans, with different typologies to accommodate families.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
In 2019, 426 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
It has been announced that during the third quarter of 2018 work will start on construction of a residential compound consisting of 5,500 homes, and its first stage will begin in the municipality of Usulután.
The companies that will be participating in the project, which will run for three years and will be developed at the national level, are Investment and Development El Salvador (Nami), Asinesa El Salvador and UyD Constructora.In the first stage 800 houses will be built, which will have three bedrooms, and a bathroom, kitchen, living and dining room, in a total area of 50 square meters.
Apartment buildings, condominiums and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform"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 June 2017.
Analysis is being done on the concept of a leasing and a housing trust fund to facilitate greater access to bank financing for the construction industry.
The Salvadoran Construction Chamber believes that its financial capacity to develop more projects could be expanded through the use of trusts.Its president, Jose Antonio Velasquez, told Laprensagrafica.com that"... at the moment banks lend to housing developers'against their balances'. By using the concept of trust loans, the bank takes control of the project and would be able to lend more".
Financing for housing and sustainable urban development will be the topics under discussion at the event to be held on August 22 and 23 in Managua.
The Chamber of Builders in Nicaragua and the Inter-American Housing Union are organizing the event, which will bring together professional financial real estate companies, developers and builders, banks and finance companies, savings and loans companies for housing, cooperatives, investors, and representatives of public entities.
On May 17 and 18 architectural and engineering professionals, builders and government officials will be meeting in San Jose to discuss issues related to land ordinance and housing.
From a statement issued by the Central American Housing Association:
San Jose, April 26, 2016. The III Pan American Congress on Housing will analyze the problems of the Central American countries in establishing land use policies, urban development and inclusion of social housing, in order to propose and promote good practices and publicise successful experiences applied in Latin American countries.
Plans indicate that the project by the construction firm Salazar Romero in the municipality of San Miguel will have 1,300 residential units, electronic entry systems, monitoring and an electrified fence.
The construction firm Salazar Romero has announced an investment of $40 million in the residential real estate project Metropolis San Miguel, which consists of the construction of 1,300 homes at the end of Seventh Avenue South, in the municipality of San Miguel (east of the country).
In El Salvador a tender is being prepared for the construction of a complex of 226 homes in the town of San Pedro Masahuat, department of La Paz.
Government Purchase El Salvador LPINT No003 / 2015:
"PERMANENT HOUSING CONSTRUCTION PROJECT, VILLAS DE SAN PEDRO, MUNICIPALITY OF SAN PEDRO MASAHUAT, DEPARTMENT OF LA PAZ."
In the specifications it states that the project, to be financed under the Central American Bank for Economic Integration (CABEI), involves the construction of 151 permanent houses and 75 plots with housing foundations, all of them with deep foundations.
A bill on preferential interest rates suggested by the industry would reduce the cost of a home loan by up to 50% and boost construction in the country.
In order for the construction sector to recover from a 2013 that ended with a negative number it is necessary to reduce interest rates on mortgage loans so that more people are able to buy a home, therefore the business sector is recommending a proposal for a law on preferential interest, which was proposed more than six years ago.