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Over two years have passed since criminal groups invaded productive land in Nicaragua, and although there have been promises to restore the rights of the owners, up to date 29 properties remain taken.
In the context of the political and social crisis that erupted in the country in 2018, at the end of June of that year it was reported that at least ten private properties in Rivas, Matagalpa, Chinandega and Managua had been taken over by criminals.
In the canton of Santa Ana, Costa Rica, 55% of the people who express interest in apartments for sale have a high purchasing power and are between 25 and 44 years old.
An analysis of the real estate supply by area, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results about the real estate market in Santa Ana, in the province of San José, and the interest of consumers in the area.
The growing tendency to lease rather than buy, not only real estate and cars, but also services and products, is forcing traditional companies to reinvent themselves completely, not to be left out of the new digital and collaborative economy.
Although in Central America this trend is not yet as marked as in other regions of the world, companies that want to prevail in the future must pre-empt it and begin to redefine their long-term strategies, considering these changes that while leading the new generations, are not alien to other age segments of the population.
Since June 3, in Guatemala, the purchase and sale of properties will require a single process to obtain certification of property and cadastral appraisals.
Before this change was implemented, it was necessary to compile separately the certifications of the value at which the real estate was registered in the Municipality, the fiscal value of Dirección de Catastro y Avalúo de Bienes Inmuebles (DICABI) or the value declared in the deed of Purchase-Sale or what was agreed upon by buyer and seller.
During the first eight months of the year, 98,769 properties were registered, 9% less than those reported in the same period of 2017.
According to the most recent figures of the General Comptroller, between January and August 2017 and the first eight months of this year, vertical properties reported a decrease of 11%, falling from 84,627 to 75,036.
In El Salvador, a constitutional reform has been proposed to eliminate the limit of 245 hectares of rustic land that currently, at most, a natural or legal person can possess.
Deputies from the ARENA, GANA and PDC parties presented to the Legislative Assembly a draft agreement to amend Article 105 of the Political Constitution, which prevents natural or legal persons from possessing more than 245 hectares of rustic land.
Two of the properties to be auctioned are located in San José, one in Heredia, three in Alajuela, one in Cartago, two in Los Santos, one in Liberia, and seven in Tilarán.
A new law passed by the Assembly compiles all regulations concerning foreign and local investment in real estate, in order to provide legal certainty to investors.
From a statement from the National Assembly of Nicaragua:
An auction has been announced of a piece of land measuring 80 thousand square meters which has mixed-urban center land use, within the village of Veracruz, Arraiján district.
Panama Government Purchase 2016-0-16-0-15-SB-011848:
Reports of increases from $75 to $500 per square meter have been made in some areas south of Managua and values up to $580 per square meter in the coastal department of Rivas.
The tourism boom seen in the areas in Rivas, followed by Leon and Granada are responsible for the increase in the value of the properties, some of which sometimes sell for $580 per square meter."...In the case of Rivas the increases occurred between 1996 and 2007 when the construction of major tourism projects was announced."
From August 26 to September 30 eight properties will be auctioned, including one in Albrook and another in Davis, with starting prices of $1.4 million and $3.2 million respectively.
The auction of Lot AL02-40, located in Albrook and which has a total of 4,456 square meters is scheduled for August 26, and the starting value for bids is $1.4 million.Land use for this property is commercial mixed urban-high intensity.
Projects are becoming more expensive due to the fact that they increasingly include more security measures and in areas such as La Libertad, Soyapango, Ilopango and Apopa, some lots and homes are even losing value.
The Assembly has approved a law granting administrative autonomy to municipalities and has eliminated appraisals of properties declared as official, as established by Law 8 of 2010.
Prensa.com reports that "... The document approved amends Article 770 of the Tax Code, so that once the project is sanctioned, the general and partial assessments are made in compliance with the requirements established by the National Directorate of Cadastral Information and Valuation by the National Authority of Land Management (Anati ), provided that they meet a schedule properly structured in accordance with the procedures established by the standard. "
The Ministry of Finance is proposing to rise to 5% and 3% the taxes on the transfer of vehicles and buildings, respectively.
The government continues to seek alternatives in light of the possibility of the Legislature not approving the bills introduced to raise revenue. The new proposal is to raise taxes "...
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