In a 30-hectare lot located five kilometers from the Container Terminal in Moin, Costa Rica, construction will begin in the first half of 2021, a logistics complex that will focus on the management of local or imported cargo.
The project, called "Plataforma Logística Caribe" (PLACA), will be placed near Route 32, the road section from Limón to San José.
The commitment to long term rentals instead of vacation rentals, preference for larger residences and innovation in the marketing tools of the projects under development are some of the changes expected in the coming months, which could set a new pattern in the sector.
The health crisis caused by the spread of covid-19 ended up changing consumer habits in all Central American markets. In this scenario the real estate market is no exception. This sector will have to adjust to take advantage of the opportunities generated by the current crisis.
The Judicial Power of Costa Rica tenders the construction of the Auxiliary Morgue of the existing autopsy room and bathrooms of the pathology area of the Judicial City of San Joaquin de Flores, Heredia.
From January to June of this year, the constructed area of warehouses and other industrial properties in Costa Rica increased by 58,273 square meters compared to the same period in 2019, which is equivalent to an annual increase of 3%.
Colliers, a firm specialized in real estate, informed that as well as the built area, the availability of spaces in the Costa Rican market also increased. The study specifies that as of June of this year the space of industrial properties without renting was located in 221,156 m2, which is equivalent to a 50% increase with respect to what was reported in June 2019.
In Costa Rica, the price indexes of buildings and social housing registered in the seventh month of the year, year-on-year variations of -1.07% and -0.81%, respectively.
From the report of the National Institute of Statistics and Census:
The Secretariat of Security of Honduras tenders the construction of Police Headquarters in the municipalities of Yoro and Olanchito, department of Yoro and in the municipality of Tela, department of Atlantida.
Honduras Government Purchase PCCMB-310-LPI-0-2020:
As a result of the health and economic crisis affecting the country, the government decided to cut the budget assigned to municipalities by $71 million to finance maintenance work on the cantonal road network.
Due to the spread of covid-19, the country is going through a crisis that is reflected in the drop in economic activity, which in April 2020 registered a -9.3% year-on-year variation in its monthly index.
Given the crisis in the construction industry, which is expected to last several months, the business association is asking the Costa Rican government to take urgent measures, with quantifiable results in the short term and in accordance with the gravity of the situation.
Before the start of the health crisis that led to the spread of covid-19, the construction industry in the country had already been showing a downward trend, as in 2019 the sector reported the worst performance of all economic activities, with a 11% year-on-year fall compared to December 2018. See full report.
In Costa Rica, the engineering services for the construction and refurbishment of the Projects and General Direction of Traffic Engineering building were put out to tender.
Costa Rican Government Purchase 2020LN-000003-0058700001:
Portafolio Inmobiliario announced that it will begin the development of the Green Valley Free Trade Zone project, which in its first stage contemplates the construction of a Free Trade Zone located in the municipality of Grecia, province of Alajuela.
The total land on which the project will be located amounts to more than one million square meters, however, its construction will be carried out in stages. In the first phase, 140,000 square meters will be developed, whose investment will be around $10 million in infrastructure and its construction period is expected to be approximately one year, reported the Costa Rican Development Initiative Coalition (Cinde).
In 2019, 20 environmental impact studies were submitted to build hospitals, clinics and other health care centers in the countries of the region, projects valued at $340 million.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private constructionprojects that present environmental impact studies (EIS) to the respective institutions in each country.
During 2019, 80 environmental impact studies were presented to carry out work on electrical networks and to build energy generation plants in different areas of 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 constructionprojects that present environmental impact studies (EIS) to the respective institutions in each country.
During 2019, 124 environmental impact studies were presented to develop street rehabilitation, construction and road expansion 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 constructionprojects that present environmental impact studies (EIS) to the respective institutions in each country.
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