Construction began on the second building of the Torres Los Yoses residential complex, the new building will have 19 levels, will house 119 apartments and will require a total investment of approximately $18 million.
According to information provided by Grupo Inmobiliario Del Parque, developer of the project, which is located at the entrance of Los Yoses neighborhood in the country's capital, the new tower, whose groundbreaking ceremony was held on February 19, 2021, will have about 16,500 square meters of construction and the building works are expected to be completed in January 2022.
In Costa Rica, in January 2021, the second tower of the Escazú Village complex will be inaugurated, which will initially have WeWork and Veinsa Motors as tenants.
For the construction of the second tower, which has 11 levels and an extension of 20 thousand square meters, Portafolio Inmobiliario, the company that developed the project, invested $32 million.
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.
Due to changes in people's habits, energy consumption in commercial establishments, offices and industrial complexes has decreased, contrasting with the rise in demand in residential areas.
The quarantines and restrictions on mobility that Central America has experienced due to the covid-19 outbreak and the latent risk of contagion, has caused radical changes in the region's electricity market.
In the first semester of 2020, 85 environmental impact studies were presented 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 updated list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
In the district of San Felipe, province of San Jose, Costa Rica, the company Monte San Miguel AOE SRL, plans to build a residential complex of three apartment towers of eight levels each.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Monte San Miguel AOE SRL, presented to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Monte San Miguel Condominium".
When the first cases of covid-19 were reported, in all Central American markets the interest in renting residential apartments fell abruptly, however, since April the fall stopped and in the last months an upward trend was evident.
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 short and long term demand trends for the different products, sectors and markets that operate in the region.
Because of the new commercial reality that has emerged in an accelerated manner and with the boom of telecommuting, potential buyers are more inclined to buy an individual home, which offers more privacy, than an apartment.
With the spread of covid-19, strict home quarantines were decreed in Central American countries. This scenario encouraged the implementation of telecommuting and forced companies to adapt to new forms of operation.
In Central America, more than 800,000 people are looking to buy items to decorate a house or apartment online, and of this group of consumers, approximately 12% explore options to purchase lamps and their accessories.
The interactive information system of CentralAmericaData, monitors in real time the changes in consumer habits in all markets of the region, with fundamental information to understand the current commercial environment in which companies of all industries must operate.
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.
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.
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.
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.
The renovation of a school in Panama, the construction of a training center in Guatemala and the building of a residential tower in El Salvador are part of the investments announced in Central America for the coming months.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be in the coming months.
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Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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