Real estate investment
in Central America
Thursday, February 2, 2012
Exhibitors from Central America, Canada and the United States gather together in El Salvador for the International Fair ‘Construexpo 2012’.
2012 kicks off with 140 exhibitors at the Construexpo event which aims to forge alliances and synergies that will promote the growth of a vital sector of the Salvadoran economy.
Mario Rivera, president of the Salvadoran Chamber of Construction Industry (Casalco), said the industry "continues to recover very slowly," according to ElSalvador.com.
Tuesday, January 31, 2012
A proposal has been made to remove the Value Added Tax on transactions performed in the housing market.
To date, those buying a "used" home pay 12% in tax, which has discouraged the purchase and / or registration of properties.
Friday, January 27, 2012
New businesses will open in the Greater Metropolitan Area of San Jose in 2012, with spaces of between 4,000 and 100,000 square meters.
The stores identified are: Lagunilla, Torre 202, Plaza Carolina (stages 1 and 2), Plaza Tempo, Trivium Center, Plaza Lincoln, Paseo Plaza Santo Domingo and Metropolis, according to information provided by Danny Quiros, Market Intelligence Manager of Colliers International , a `real estate consulting firm.
Thursday, January 26, 2012
With the aim of fostering and promoting the sale of properties in the reverted areas, the Ministry of Economy and Finance will participate in Expo Inmobilia ACOBIR 2012.
A press release from the Ministry of Economy and Finanzas reads:
With the aim of fostering and promoting the sale of properties in the reverted areas, the Management Unit for Reverted Property at the Ministry of Economy and Finance (MEF) will participate in Expo Inmobilia ACOBIR 2012 from 1st to 5th February at the ATLAPA convention center .
Thursday, January 19, 2012
The Panamanian government will announce in the coming weeks a tender for several tourist developments in the area.
The executive secretary of the Management Unit for Reverted Property (UABR in Spanish), Juan Carlos Orillac said they have already completed a development plan for the area prepared by the Spanish consulting firm C4T .
Friday, January 13, 2012
In 2011, house sales in El Salvador grew by 4%, and the industry is planning new campaigns to encourage home ownership.
Strengthening the housing market is a key item for the construction industry to consolidate the economic recovery of 4% recorded in 2011, noted the Salvadoran Chamber of Construction (CASALCO).
The union has decided to boost the campaign entitled “Your own home, wellbeing guaranteed” for six months.
Friday, January 13, 2012
Businesses have a positive outlook for 2012 and hope that more jobs will be generated.
More direct jobs, more square meters built and growth around 5%. These are the expectations for 2012 by the construction sector, according to website elfinanciero.com.cr.
Gonzalo Delgado, president of the Costa Rican Chamber of Construction (CCC), said that despite a sensitive or even turbulent economy as cited by some experts, the outlook is positive. "However we must be prudent and the sector must streamline its debt in order to avoid having large inventories, so that no (economic) changes take them by surprise," added the manager.
Monday, January 9, 2012
The economic and tourism boom has created an inordinate amount of investment in hotels, which is threatening to lower the occupancy rate to unsustainable levels.
The opening of more than 20 hotels has been announced for 2012, adding 6,000 rooms to the inventory offered by Panama, and representing an annual increase of 300% in the hotel supply, while the increase in the number of visitors to the country during 2011 grew by - 13%, which although significant, is far below what would be needed to keep up the hotel occupancy rate, which currently stands at 66%.
Monday, December 12, 2011
The crisis of 2008 halted the development of the ambitious project in the Gulf of Papagayo tourist hub, and solutions are being sought to maintain it.
The project is owned by Monte del Barco Real Estate Fund, administered by Aldesa Investment Funds.
There is need to resolve the financial situation of the project in order to continue with its development, so solutions have emerged such as the purchase of lots by the same investors in the Fund, which so far has not been successful, and the transfer of part the land to a group of providers in exchange for building the basic infrastructure so as to enable the project to continue.
Wednesday, December 7, 2011
A real estate company has filed a lawsuit against the developer for breach of contract.
The delicate situation faced by Newland International Properties Corp., developer of the Trump Ocean Club International Hotel & Tower complex, has been further complicated by a lawsuit filed by a customer, which adds to three other lawsuits filed by other five clients.
Friday, December 2, 2011
The administration of the airport terminal has suspended the tender planned for the 30 November for the acquisition of equipment for the north terminal.
In light of complaints presented by 10 of the 11 companies interested in participating, the administration has decided to postpone the creation of the tender so that it can review the wording of the conditions and specifications.
Wednesday, November 30, 2011
An NAI Costa Rica Report for the third quarter 2011, gives analysis categorised by supply, demand and prices, and an evaluation of new projects.
Extract from the report:
The office property market is stable with an availability rate of 8.9%, up 1.1% from last quarter, due to the steady inflow of new office centers to the market.
Wednesday, November 9, 2011
Holders of bonds issued by Newland International Properties Corp. are willing to become partners in the project because the developer does not have the necessary capital for the next repayment.
On November 15, Newland International Properties Corp., developer of Trump Ocean Club International Hotel & Tower, is due to pay $31 million in amortization of capital to holders of bonds issued to finance the Trump Ocean Club.
Tuesday, November 8, 2011
Only 3% of the real estate assets called "reverted areas", that have been a major factor in development over recent years, still need to be awarded.
Of the 137 000 hectares of property along the route of the Canal that was returned to the Panamanian State, only about 4,600 still need to be sold or let, according to the Reverted Property Management Partnership’s (UABR in Spanish) inventory taken in October 2011.
español
1098