The Central American Bank for Economic Integration approved a line of credit for the Honduran government to finance the Resilient Housing Reconstruction Program in the country.
The Central American Bank for Economic Integration (CABEI) informed that it is estimated that approximately 29,500 vulnerable families in the departments of Cortés, Atlántida, Yoro and Santa Bárbara will benefit from the rehabilitation, reconstruction or construction of new housing.
After barely 1,000 houses were built in Nicaragua in 2020 in the context of the economic crisis generated by the covid-19 outbreak, the goal of local companies for this year is to build between 3,000 and 4,000 houses.
According to representatives of the Chamber of Developers of Nicaragua (Cadur), the prices of the houses to be built this year will range between $18,000 and $400,000.
The amount of $42 million was approved for the purchase or construction of low-income housing, through a trust fund created by the Central Bank of Honduras.
As a result of the covid-19 pandemic and the natural phenomena Iota and Eta, the Fiduciary Commission (COFID) of the Central Bank of Honduras (BCH) has approved the injection of an additional $42 million through the trust fund created by the BCH, of which $29 million will be destined for the purchase or construction of low-income housing and $13 million for improvements to low-income housing.
As of January 1, 2021, owners of homes whose construction value exceeds the equivalent of $217,000 will have to pay the tax known as the "luxury home" tax.
The modification of the minimum amount was communicated through the executive decree that was published on December 22 in the newspaper La Gaceta.
In the capital of the province of Herrera, Panama, they plan to build a residential complex that will have 185 single-family homes and will require about a $7 million investment.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Inmobiliaria Corro Pérez S.A., presented before the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Residencial Costa Mar".
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In Panama, the study, design, supply of materials, labor, equipment and administration for the construction of the project called Miguel Sierra, in the district of San Miguelito, is being tendered.
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Between July and October 2020, the number of people in Panama looking for rental homes grew 56%, while in Guatemala, the number of people exploring options for renting a home fell 37%.
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 purchasing patterns.
Between July and October 2020 the number of people in Panama who were exploring options for buying bedding online increased 36%, while the number of Salvadoran consumers looking to buy carpets grew 72%.
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 fundamental information to understand their behavior, new trends and anticipate eventual changes in their purchasing patterns.
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.
Calypso Developments announced that it plans to build a horizontal residential complex in the province of Limón, Costa Rica, which in its first stage will consist of 77 homes.
According to information released by the company developing the project, the new housing complex will be called "Condominio Hacienda Santa Rosa" and will be located in the Southern Caribbean, 15 minutes from downtown Limon, on the road to Cahuita.
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 Dominican Republic, the National Housing Institute is inviting tenders for the reconstruction and improvement of up to 30,000 homes and the acquisition of construction materials for the institution's rapid action brigade.
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.
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