El Salvador is starting a housing development between subdivisions, residences and apartments, as well as commercial construction with hotels with different capacities and amenities.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
Properties are being developed for residential use in El Salvador, the lots are located in different provinces, to facilitate access to housing for Salvadorans, with different typologies to accommodate families.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
A residential development with horizontal construction for 71 families will be developed, with a minimum area of 450 square meters, as well as several facilities that will provide a pleasant environment for its residents.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
The construction of residential developments with different typologies, recreational areas and with surveillance is foreseen in different areas of the country.
CentralAmericaData's "Commercial Feasibility Studies" includes an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
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.
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.
Although the Guatemalan economy has almost stagnated in recent months, during the first half of the year the number of loans granted for the purchase of residences grew 3%, and by 2021 it is predicted that sales could be similar to those of 2019.
The social distancing measures and the prohibition of several economic activities decreed by the authorities due to the covid-19 outbreak, caused considerable negative effects to the Guatemalan real estate market.
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.
In the country's metropolitan area, nearly 16,000 homes are being built, most of which are apartments and will be available in the coming months.
The good numbers for the construction sector in the country will continue in the coming months, since currently 112 real estate projects are being developed in the department of Guatemala, which will increase the housing supply in the next three years.
At the Expo Capac in Panama, 2,100 homes were sold, and mortgage transactions for nearly $180 million were achieved, surpassing the projections of the organizers by 50%.
This year was attended by 400 exhibitors who presented some 600 real estate projects and the support of 14 mortgage banks, public and private, which closed buying and selling procedures with thousands of visitors who came together during the five days of the fair event, reported the Panamanian Chamber of Construction (CAPAC).
In Panama, the National Assembly approved in the third debate the bill that contemplates interest rate benefits for the purchase of homes for a value of up to $180,000.
The Cortizo administration approved a proposal that establishes that the government will assume 2% of the bank interest for the purchase of homes valued between $120,000 and $150,000, and in the case of real estate between $150,000 and $180,000, the exoneration will be 1.5%.
The Cabinet Council approved on September 3 the bill No. 044-19, which still has to be endorsed by the Assembly and seeks to increase coverage for the purchase of homes worth $180,000, informed the presidency of Panama.
At the Expo Vivienda 2019 held in Panama, 600 housing development projects were presented in different parts of the country and $120 million were reported in negotiations.
The seventeenth version of Expo Vivienda had the participation of 180 companies, of which 12 were banks and 168 promoters and real estate, informed the organizers of the event.
During 2018, 435 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", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
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