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
The last three years has seen high rise residential construction projects grow from 5% to 40% of the total in Costa Rica.
This trend is mostly seen in San Jose downtown, Escazu, some parts of the east side of the city and recently Heredia, said Randall Murillo, executive director of the Costa Rican Chamber of Construction.
The search for safe habitats and the shortage of land in the central areas of Tegucigalpa and San Pedro Sula, is driving the construction of high rise apartments and gated communities.
The phenomenon occurs mainly in Tegucigalpa and San Pedro Sula. "The projects being constructed in the new development areas have emerged in recent years following the decline of the historic center of Tegucigalpa, another trade hub of the city, which has been losing its glamor coupled with a lack of planning policies and a commercial road," reported Laprensa.hn article.
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