The data has been released by the Association of Engineers and Architects (CFIA in Spanish).
The province of San Jose leads with the largest amount of square meters, totaling 840,292 m2, or one third of everything processed in Costa Rica, reported Nacion.com.
Olman Vargas, executive director of the CFIA, said that "the recovery is encouraging and represents what the CFIA expected during 2012. There is a stable economic situation that is promoting the confidence of investors and developers".
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.
After five years of numbers in the red, the construction sector will close this year with growth of 4.6%.
According to the Salvadoran Chamber of Construction Industry (Casalco) the execution of public works was one of the factors that contributed to growth.
In an article in Laprensagrafica.com Ismael Nolasco, executive director of Casalco said, "’A very close estimate is 4.6%, which would be a positive increase in five years within the industry. The acceptable performance of public investment has had an influence, of the $1.200 million announced, we have reached a rate of about 60% to 70% of investment, which had a favorable impact on the industry’s performance.’
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