In 2020, 172 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", by CentralAmericaData's Business Intelligence Area, provides an updated list of public and private construction projects that have submitted environmental impact studies (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.
Two towers that will house 119 apartments, 61 offices and 43 commercial spaces are to be built on a 4,014 square meter site located in zone 15 of Guatemala City.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Corporación Turena S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Gaura".
A 14-story residential tower with 62 apartments is planned to be built on a 990 square meter lot located in zone 13 of the country's capital city.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence Unit, Bistal S.A. submitted to the Ministry of the Environment the Environmental Impact Study (EIA) to develop the project called "Construction of the Providencia Building."
The builders and housing association proposes, as one of the measures to encourage the construction of social housing and help minimize the growing housing deficit, to modify the regulations to lower the costs for the construction of apartment buildings.
The problem of the lack of social or low-cost housing is a long-standing one in Guatemala. The lack of access to financing, due to the high degree of informality in which most of the low-income population in the country finds itself, added to the lack of supply of this type of housing, means that this problem, far from being corrected, is growing more and more.
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.
In Zone 14 of Guatemala City a 13-level tower is planned to be built that will house 70 apartments, will have four basements and will require an investment of approximately $5 million.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Delfines S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Terra Delfines 2020."
In Zone 10 of the capital of the country, a 14-story tower is planned to be built, which will house 50 apartments, will have five basements and will require an investment of approximately $6 million.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Torre Diez S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Edificio Bonadiez".
In Zone 16 of Guatemala City they plan to build a residential complex composed of ten apartment towers, which will house 225 housing units of different types.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Inmobiliaria Las Lomas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIS) to develop the project called "El Socorro Fase I".
In Zone 9 of Guatemala City, a residential tower is planned to be built that will house 281 apartments and have a parking lot with capacity for 541 vehicles.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Las Orquideas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "LOZ 9".
Open spaces in the condominiums, green areas and enough rooms to accommodate a home office, are aspects that Guatemalan consumers consider when buying a residential property.
As a result of the covid-19 outbreak, the population in Guatemala was subjected to strict quarantine, which caused changes in people's behaviors and modified tastes and preferences.
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 Zone 10 of Guatemala City, the company Iquique S.A. plans to build a 12-level tower, with apartments of three rooms each.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Iquique S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called "Menara".
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.
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