Real Estate
in Central America
Tuesday, May 22, 2012
The Ministry of Economy and Finance in Panama will auction an 8247.45 meters square plot of land in the Amador area on 8th August.
Auction No.
Wednesday, May 16, 2012
Developer Newland International Properties announced that on May 18 it will have updates on topics of interest to bondholders.
Newland International Properties Corp., developer of Trump Ocean Club, should have made the second payment of capital on the issuance of $220 million in bonds on 15 May but did not do so.
Wednesday, May 16, 2012
In 2011 $405 million was invested in projects in the tourism sector, and 2012’s investment is estimated at $842 million.
From a press release from the Tourism Authority of Panama (ATP):
There is no doubt that tourism in Panama is taking giant leaps when beach projects are attracting thousands of visitors from around the world who choose to come to the isthmus to have their best vacation ever.
Monday, May 14, 2012
According to the IDB, the percentage of the population living in substandard homes or those who do not have adequate housing, reaches 78% in Nicaragua, 67% in Guatemala, 58% in El Salvador, 57% in Honduras, 39% in Panama and 18% in Costa Rica.
An IDB study indicates that over two thirds of households in Nicaragua, Guatemala, Bolivia and Peru live in poor housing.
Friday, May 11, 2012
In January 2012, there were 202,000 active mortgages, which is an increase of 4.2% compared to 2011.
Figures from the Panamanian Credit Association (CPA) show that in January 2012, there were 202,000 active mortgage loans, representing an increase of 4.2% compared to the figures for the same period in 2011.
Thursday, May 10, 2012
The Administrative Unit of Reverted Properties in the next few months will continue with the sale by auction of properties with great potential for investment.
The land in Clayton CL-22, with an area of 4,715.88 m2, has an estimated value of B / 825,279.00, and is zoned as low-density residential and medium intensity and will be awarded to the highest bidder.
Wednesday, May 9, 2012
The Ministry of Finance has valued the Panamanian Atlapa Convention Center at an amount that will be difficult for futures buyers to pay.
The appraisal of the Atlapa Convention Center, commissioned by the Ministry of Economy and Finance in Panama, gave the complex a value of over $130 million, said the manager of the Tourism Authority of Panama (ATP), Solomon Shamah.
Monday, May 7, 2012
The fever for building construction has not affected, for now, rental prices for office properties in Panama City.
Although there is in the country an inventory of office space which is enough for over six years, the construction of large buildings for this type of business has not stopped and both vacancy rates and prices are stable and have not impacted the market, reported Capital.com.pa.
Friday, May 4, 2012
Corporate bonds in emerging markets and buying real estate, are attractive options for investors.
In Panama, buying real estate has always been a good choice, said the businessman Roberto Alfaro.
Friday, May 4, 2012
Real estate agents give good advice: Attack the client before arriving in Panama and know their needs.
The supply of offices, especially Class A ones, is very competitive in the Panamanian capital, as buildings in this category have great locations, finishes and amenities.
Monday, April 30, 2012
The recent package of tax regulations passed in Guatemala includes modifications in determining the taxable value for the sale of a property.
In an article in Prensa.com the consultant Manuel Salguero states that "The consequence of these new laws and reforms will be having to pay more money in taxes for the purchase of housing solutions. The impact to property values will be seen in the short term, because prior to this houses have usually been declared as much less in the registry, and buyers and sellers adjusted their values to this small amount of taxes ."
Thursday, April 26, 2012
Starting May 1st, the National Registry of Costa Rica will offer a property alert service which will give owners greater control of their assets.
The service is called Alert Registry and will be available to owners of personal property (vehicles) and real estate (land). The annual fee to receive notices is $15 per year (7700 ¢) for each of the properties you want to put under surveillance.
Thursday, April 26, 2012
The rice mill belonging to producers in Chiriqui is now being offered at $2 million, $1 million less than the initial price.
After a failed attempt to sell the rice mill members of the Rice Producers Association and Basic Grains of Chiriqui (Apach) in Alanje, have reduced the price from $3 million to $2 million.
Monday, April 23, 2012
After its ratification in El Salvador, the Regional Mortgage treaty still needs to be approved in one more country to come into force.
Salvadoran entrepreneurs welcomed the legislative ratification of the Treaty on Free Movement of Goods and Services, known as the ‘hipoteca centroamericana’ or Central American mortgage.
Monday, April 23, 2012
The Unidad de Bienes Revertidos de Panamá (Department of Reverted Properties, Panama) has announces the upcoming auction of plots in Albrook, classified as Low Density and Low Intensity Residential zones.
These areas are excellent for homes with large open spaces.
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