Guatemala City is expected to have a mixed commercial-housing project with a commercial area and apartments of different typologies with one to three bedrooms, providing options for those interested in residences.
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.
Construction is planned for the first quarter of 2022 of a residential complex for 23 apartments and a penthouse in San Pedro Sula, with amenities for condominium owners.
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.
A vertical residential project will be built with four towers consisting of 16 floors each, for apartments of different typologies ranging from one to three bedrooms.
CentralAmericaData's "Commercial Feasibility Studies" provides an updated list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
There is increasing interest in building housing throughout the country, by means of lots, houses and apartments with varied sizes and prices.
CentralAmericaData's "Commercial Feasibility Studies" 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.
During the first four months of 2021, interest in apartment rentals, as evidenced by the number of Internet searches and mentions in conversations in the digital environment, increased in all Central American markets.
Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project demand trends in the short and long term, for the different products, services, sectors and markets operating in the region.
During the first weeks of the year, interest in apartment rentals increased in Honduras, Panama, Dominican Republic and Guatemala, a situation that contrasts with Costa Rica and El Salvador, markets in which interactions in the digital environment decreased.
Through a system that monitors in real time the changes in the interests and preferences of consumers in Central American countries, developed by CentralAmericaData, it is possible to project demand trends in the short and long term, for different products, services, sectors and markets operating in the region.
Between July and October 2020 the number of people in Panama looking for apartments to rent grew 34%, while the number of Honduran consumers looking to buy apartments for sale fell 5%.
CentralAmericaData's interactive platform, Consumer Insights, monitors in real time changes in consumer habits in all markets in the region and in other Latin American countries, with key data to understand their behavior, new trends and anticipate eventual changes in their buying patterns.
Although the Guatemalan economy has almost stagnated in recent months, during the first half of the year the number of loans granted for the purchase of residences grew 3%, and by 2021 it is predicted that sales could be similar to those of 2019.
The social distancing measures and the prohibition of several economic activities decreed by the authorities due to the covid-19 outbreak, caused considerable negative effects to the Guatemalan real estate market.
In the countries of the region about 4 million people are looking to buy or rent a residential property, and 11% of these consumers, explore options to rent an apartment.
The interactive information system developed by CentralAmericaData, monitors in real time the changes in consumer habits in all markets of the region, with fundamental information to understand the new commercial environment that has emerged in an accelerated manner.
Although at the beginning of the covid-19 outbreak in all the markets of the region the interest for the rent of apartments of residential use diminished, at the beginning of April the fall stopped and in some countries an incipient rise is reported.
Through a system for monitoring 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.
From February 19th to 23rd, ExpoConstrucción 2020 will be held at the Pedregal Event Center, a fair in which real estate developers will offer houses, apartments and condominiums.
Thirteen financial entities, including public and private banks, mutual and cooperative banks, as well as the National Institute of Housing and Urbanism (INVU), the Costa Rican Social Security Fund (CCSS) and the National Insurance Institute (INS), will have financing with special conditions for ExpoConstrucción attendees, particularly for the middle class segment.
In the metropolitan area of the country, there are an estimated 87 vertical housing projects for socioeconomic segment C, offering 5,963 apartments.
Representatives of the firm Global Inspections, detail that the 87 projects that are currently in the sale phase in the department of Guatemala, together accumulate a $874 million investment.
The number of available apartments in Costa Rica has increased in recent years, a rise explained by the current economic situation and the high prices of some vertical housing projects.
Although sales are still on the rise, the number of apartments available in the Costa Rican market has increased, from 888 to 1,213 between 2017 and 2018, and up to June 2019 the figure reached 1,418.
Building on own land and keeping premiums in a trust are part of the new requirements to be met by companies that market houses and apartments in Costa Rica.
According to representatives of the Ministry of Economy, Industry and Commerce, the new rules that would soon enter into force and seek to regulate term sales in the real estate sector are currently in the consultation process with interested parties.
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