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Revista Summa
The current financial picture has not stopped progress in the construction sector in Central America and the Dominican Republic:
Country Summaries:
GUATEMALA
The adverse economic context has not stopped real estate development from looking for opportunities amid the crisis.
EL SALVADOR
This year, maintaining public and private investment is the hope of a construction sector that was hit by the international situation in 2008.
HONDURAS
Deceleration in remittances is one of the factors that is affecting the economy and contributing to the decrease in real estate activity.
NICARAGUA
Investment in construction will increase due to the momentum created by mega-projects, the construction of social housing and housing development.
COSTA RICA
A slow but steady credit reactivation has restored hope in the sector, especially in office and industrial warehouse construction.
PANAMA
The picture in the real estate sector remains positive. Construction permits have increased in the first months of the year.
DOMINICAN REPUBLIC
After several months of depression, the real estate industry foresees a more dynamic future.
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Especial Bienes Raíces
Source: Revista Summa
More on this topic
September 2009
Project "Terra Alta", being developed by Grupo Arquero, is in its last stage of construction.
Construction of the 18-storey tower started in 2007 and generated 800 direct and 1.000 indirect jobs, reported Gustavo Figueroa, president of Grupo Arquero.
"The tower was designed using modern architecture concepts, taking into account its balance with the environment.
October 2010
With the presence of President Ricardo Martinelli the Ocean Reef Islands project was launched.
Ingenieros Civiles Asociados (ICA), contractor and builder Grupo Los Pueblos developer of Punta Pacific Islands, will invest approximately $ 300 million.
Martinelli considered this project visionary as the investment is purely Panamanian capital (approximately $ 300 million) and allows to project confidence to other investors, domestic and foreign, to continue to position Panama as a nation with first world infrastructure.
February 2009
The sale of houses has fallen 70% and the most affected range of housing is that of more than $150 thousand, explains Gonzalo Olano, an expert in real estate.
Elsalvador.com publishes: "Olano adds that various apartment projects have remained stalled, well, "the problem of all of this is that banks are not giving credit."
October 2008
Producers Associations in El Salvador expressed concerns about the tightening of credit policies.
The Corporation of Exporters of El Salvador (Coexport) has detected more restrictions for new credit and for refinancing. "The processes are stricter, especially for new clients and those who are in default," said Silvia Cuellar, executive director of Coexport.
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