Vertical Housing in Guatemala

An increase in car traffic has contributed to the trend of living in apartments in buildings located near workplaces.

Tuesday, July 17, 2012

Real estate developers are backing the construction of apartment buildings in the metropolis, offering proximity to work places, avoiding long commutes.

With an investment of nearly $9 million the Corporación Calidad Inmobiliaria is building the apartment building ‘Tower 360’ on the Boulevard Vista Hermosa. Targetting the segment of the market of young professionals, who have income of more than $3,000, the apartment prices range from $104,000 to $164,000 with fees from $550.

"Juan Carlos Salazar, Manager of Inspecciones Globales, said that the trend for homeowners is to want a home that is affordable and that is near their workplace, that has social areas and parking.

"People want a house inside the city, but when they see the reality they realize that they can not afford it, so then they look for an apartment, which is inexpensive and near the main avenues", said Salazar according to cnn.com.gt

More on this topic

Guatemala: Demand for Vertical Housing Increases

April 2017

In some of the most central areas of the city the price per square meter of construction is over $2,300, driven by growing demand from those wanting to live near the capital.

30 to 85 square meter apartments with prices ranging from $1,700 to $2,340 per square meter are being offered in high rise housing in areas such as Zone 14 and 15, two of the most sought after areas due to their location near the center of the capital . 

Residential Projects to be Developed in Panama

January 2017

A 236 units residential complex in Cocle, apartment towers and a 428 units residential complex in Chiriqui, are some of the projects to be developed in Panama in the coming months.

The information system "Construction Projects in Panama" prepared by the Business Intelligence Unit at CentralAmericaData, provides an up to date list of construction projects for which environmental impact assessment (EIA) studies were submitted to the Ministry of Environment of Panama in October 2016.

Costa Rica: $18 million for Residential Tower

July 2013

A 29 storey tower containing 126 apartments in the center of the capital San José confirms the trend towards high rise housing with easy access to urban services.

The project which is by Grupo Inmobiliario Del Parque is part of the second phase of the project Torres de Paseo Colon.

Costa Rica: More and More High Rise Condos

April 2013

High rise condominiums are becoming consolidated as the favoured choice for housing and business opportunities throughout the greater metropolitan area.

Santa Ana is the county with the most properties, having seven vertical and six horizontal condominiums, followed by the central canton of San José, which has seven new buildings.

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