During the first six months of 2020, $138 million in ceramic products were imported in the region, and almost 51% were purchased by companies in Costa Rica and Guatemala.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]
During 2020, it is estimated that the average price of a ton of steel increased 19%, a rise that impacts the construction industry and is explained by the increase in logistics costs and the suspension of the extraction of the material due to the outbreak of covid-19.
Central American businessmen report that during last year, which was marked by the sanitary and economic crisis, the average price per ton of steel increased by $130, going from $670 to $800.
The competitive advantage of low costs of Central American companies and the possibility of making strategic alliances in Mexico and the U.S., are some of the opportunities that architectural services companies could take advantage of.
For the internationalization of this type of service, companies in the sector recognize some challenges and barriers such as the lack of information on internationalization of services, lack of knowledge on how to reach international clients, differences in design codes and applicable laws, and regulatory difficulties to internationalize plans, highlights an analysis prepared by the Costa Rican Foreign Trade Promoter (Procomer).
El Salvador, Guatemala and Nicaragua were the Central American markets that increased their hydraulic cement imports in the first half of 2020 in year-on-year terms.
Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]
In San Salvador, construction began on a 20-story tower that will house clinics, specialized medical centers and office space related to the sector's business, such as pharmaceutical, insurance and medical equipment companies.
The project called "Torre Humana" which is developed by Calidad Inmobiliaria, is currently in the demolition stage of the existing infrastructure on the site to be built. The land is located on La Capilla Avenue in Colonia San Benito, in the capital of El Salvador.
The developers Alpha Inmobiliaria and 3 Torres, announced the beginning of the construction of two residential towers that will house 38 apartments, the complex would be ready by the second quarter of 2022 and will be located in the Escalon colony of San Salvador.
According to information provided by the developers, the new residential project is called "Scala Apartamentos", will require an investment of over $6 million and consists of the construction of an 11-level tower and a 9-level tower.
The Central American Bank for Economic Integration approved a credit line for the Salvadoran government to reconstruct, remodel and technologically equip 186 schools nationwide.
The schools that will be remodeled are located in the departments with high Multidimensional Poverty Index, at the preschool, primary, secondary and high school levels, highlights a statement from the Central American Bank for Economic Integration (CABEI).
From January to June 2020, 57 environmental impact studies were presented for the construction of commercial buildings in Central American countries, and most of them are concentrated in Costa Rica and El Salvador.
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.
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.
The Secretariat of Security of Honduras has invited international tenders for the construction of police headquarters in the municipalities of San Pedro Sula and La Vegas.
Honduras Government Purchase SDO-NO-PCCMB-312-LPI-0-2020:
"The works are: the complete construction of the facilities of a Metropolitan Police Unit (UMEP) and a Municipal Police Headquarters (JEMU), as follows:
Through a credit from CABEI, the Salvadoran government will carry out the modernization work of 25 sports scenarios at the national level.
The resources will be destined to the remodeling, construction, rehabilitation and equipment of the sport scenarios, details a statement of the financial organization.
In El Salvador, 30 companies were prequalified to participate in the international competition for the elaboration of the feasibility study for the construction of the Pacific Airport.
A total of 44 national and foreign companies expressed interest and also completed the information required to participate in the international public bidding, informed the Executive Autonomous Port Commission (CEPA).
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.
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