In order to research and evaluate real estate investment opportunities for commercial, industrial or hospitality use, it is important to consider all social and economic factors in a given area in order to make an informed investment.
Researching and evaluating real estate investment opportunities is not a piece of cake.
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.
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.
In the canton of Santa Ana, Costa Rica, 55% of the people who express interest in apartments for sale have a high purchasing power and are between 25 and 44 years old.
An analysis of the real estate supply by area, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results about the real estate market in Santa Ana, in the province of San José, and the interest of consumers in the area.
About 60% of the apartments in the district of Santa Ana, Costa Rica, have prices per square meter that range from US$1,500 to US$2,000.
An analysis of the real estate supply by area, prepared by the Trade Intelligence Unit of CentralAmericaData, shows interesting results on the behavior and distribution of prices per square meter in the sector of Santa Ana, in the province of San José.
Identifying the best areas to invest in, knowing what type of property is in demand in each area, whether you are looking for more rentals or sales, homes or offices, or in which segments of the population there is more demand for each type of property, is part of what can now be analyzed using modern Big Data techniques.
The real estate market is not alien to the new reality focused on analyzing large volumes of information and making business decisions based on data.
On October 6th and 7th, 30 real estate development projects focused on the high socioeconomic population will be presented in Guatemala.
The projects to be presented at the event called Luxury Real Estate Guatemala are part of the top class and are located in the 10, 13, 14, 15, 16 and Muxbal areas.
In Panama City a reduction of almost 20% in the prices of residential rents has been reported, particularly in areas that five years ago registered the highest prices in the capital.
The high supply of apartments and houses in residential areas has pushed down prices, especially in areas such as Paitilla, Balboa Avenue and Costa del Este, where in 2013 2 and 3 bedroom apartments were rented at prices above $2,000 and $3,000 a month.
Reports state that the available supply of office space in square meters in Panama City grew from 18% in July of last year, to 21% in the same month in 2017.
A study reported on by Elcapitalfinanciero.com indicates a sustained increase in the available supply of office space in the Panamanian capital, which went from 1,669,189 square meters in July last year, to 1,629,504 in the second half of this year.
In some areas of El Salvador, the difference between having or not having a security gate can vary the price of a used home that is for sale by up to 30%.
In the metropolitan area, the sale prices of real estate are so variable that, according to real estate agents, it is almost impossible to get data on the average value of a square meter in a given area.
In Costa Rica, the investment fund management company Multifondos has announced the acquisition of the corporate center El Cafetal, located in Belén, Heredia.
Elfinancierocr.com reports that "...Multifondos, a subsidiary of the financial group Mercado de Valores, said the amount represents the largest purchase made by a real estate fund in the country and it has been estimated that this will result in the real estate fund industry being valued at $2 billion."
Stable returns is the main characteristic of real estate funds which in Costa Rica have shown annualized growth of 26% in their net assets.
An article in Nacion.com reports that "...Real estate funds spent $284.2 million on the acquisition of 32 buildings between April2016 and March 2017. As of March, net assets managed by the seven investment fund management companies (SAFI) amounted to¢754,255 million, after a year-on-year increase of 26%, according to the Superintendency of Securities (Sugeval)."
The segments of industrial buildings and office-warehouses, provided the most dynamism to the industrial real estate market in the Greater Metropolitan Area of Costa Rica at the end of 2016.
From the report "Industrial and Logistics Property Market: An Overview December 2016"by Colliers Costa Rica:
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