In February, March and April 2020, interest in property valuation and inspection services fell in all the region's real estate markets, but from May onwards there was a considerable upturn in Internet interactions associated with the subject.
A system developed by CentralAmericaData that monitors changes in consumer interests and preferences in Central American countries in real time makes it possible to project short- and long-term demand trends for the various products, sectors and markets operating in the region.
At the beginning of the covid-19 outbreak in most of the region's real estate markets, interest in commercial investments decreased, but in recent weeks the decline stopped and in some countries increases are already being reported.
Through a system that monitors changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long term demand trends for the different products, sectors and markets operating in the region.
Due to the outbreak of covid-19 the Panamanian Ministry of Health decided to extend for the third time and for 15 more days the temporary suspension of the construction activity, in the same terms expressed in Decree 506 of March 24.
It is predicted that in Panama due to the health and economic crisis the inventory of available properties will increase, a situation that will put downward pressure on property prices and rents, affecting mainly the office and commercial space segment.
Directors of the Panamanian Association of Real Estate Brokers and Developers (Acobir) estimate that in the context of the health crisis resulting from the covid-19 outbreak, sales or rental prices in the local market could contract between 20% and 25%.
Smaller areas and open spaces within the offices are some of the predominant trends in new projects being built in the metropolitan area of Guatemala.
It is estimated that of the total area of construction approved in the metropolitan area during 2020, 37% corresponds to office buildings, office-warehouses and mixed-use buildings. Another 56% is for housing construction.
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.
An apartment tower in Honduras, the construction of a road in Guatemala and a multipurpose tower in Panama are part of the investments announced in the region for the coming months.
The interactive system "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects to be developed in the coming months.
For businessmen in Costa Rica, the dynamism and growth that the sector can report in 2020 will depend largely on the commitment of the Alvarado administration in the implementation of a series of actions to ensure that this activity rebounds.
For the Costa Rican Chamber of Construction CCC, the action of the Government represents the cornerstone for the sector this year.
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.
Grupo Roble began building a 15-story residential tower in the country's capital, which will house 96 apartments and is expected to be ready by the end of 2020.
According to the directors of the real estate company, the building called "Altos Tower" that is located on the extension of the Alameda Juan Pablo II of San Salvador, will have a parking lot with capacity for 224 vehicles.
In Panama developers are being more cautious when making decisions regarding the construction of industrial projects, as they prefer to build buildings based on the needs and demands of customers.
In the current situation of the country, where investment in new construction, additions and repairs, reports a 9% contraction until October 2019, developers in the industrial real estate market have chosen to migrate to the "Built to Suit" (BTS) leasing model.
Encouraged by the recent expansion of the sales price range of homes that apply preferential interest rates, Panamanian businessmen remain optimistic for the Expo Inmobiliaria Acobir 2020.
A multipurpose tower in El Salvador, a logistics park in Panama and a corporate center in Guatemala are part of the investments planned for the coming months in Central America.
The interactive system "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private constructionprojects that are planned to be built soon.
Grupo Roble announced that in June 2020 will begin construction of an office tower that will have a profitable area of about 14 thousand m2, which will be located near the Multiplaza shopping center.
Representatives of the real estate company Grupo Roble, reported that the project to be developed from next year is called "Roble Corporate Center", which will be located between the Multiplaza shopping center and the apartment complex of Torre El Pedregal.
Since October 1st, the payment of the Real Estate Transfer Tax Declaration can be made through a digital platform.
Elmundo.sv reviews that "... Alejandro Zelaya, Vice Minister of Revenue, reported that not only will there be a reduction in time, but also these 'procedural aspects' will reduce the economic cost of users, such as the elimination of payment to messengers who make the different processes for tax declaration.
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