Costa Rica: Condo Building Keeps Growing

The proportion of this type of housing out of the total square meters authorized for construction in the country went from 19% in 2010 to 23% in 2013.

Friday, May 9, 2014

A total of 1.6 million square meters have been occupied by condominiums in the last two years, 85% more than in the previous biennium. A fifth of these housing projects are concentrated in the central 'canton' (district) of Heredia, followed by four cantons in San Jose: Santa Ana (18%), Goicoechea (14%), Central (9%) and Escazú (9%) .

"High rise buildings are more common in central areas of populous cantons or in areas close to industrial parks or other businesses that attract labor, according to a list of projects requested by the Federated Association of Engineers and Architects (CFIA)," published Nacion.com.

"At least 10 projects with over 18,000 sqm of construction areas will be built in areas such as Granadilla de Curridabat, Santa Ana, Pavas and Santo Domingo de Heredia."



More on this topic

42 sqm Apartments for $74,000

August 2016

In Costa Rica the real estate market has started to respond to the demand for lower middle class homes which typically have minimal sizes and are in buildings or condominiums.

Apartments measuring from 40 square meters for single people or small families at prices starting from $65 thousand have started to make up a large part of the real estate supply in the country, where until now there has been a predominance of real estate developments which are larger area and cost more, aimed at the middle class and upper class middle segment.

Guatemala: More Real Estate Development in the Capital

September 2014

The increasing preference for residences in central areas of the capital is generating business opportunities for developers in areas which have not yet been exploited.

Real Estate companies say that although there is a good distribution of the supply of high rise and traditional houses in the capital, "... development is needed of zones 3, 6, 7, 8, 9 and 12, which have access and services."

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.

Where, What and How Much?, Real Estate in Costa Rica

March 2012

In the past two years, land prices in the radius around the canton of Alajuela have multiplied by six.

Within the GAM (Gran Area Metropolitana), since 2010 Alajuela has been top area in terms of square meters processed, say statistics from the Association of Engineers and Architects (CFIA). That would explain the very interesting property prices in this canton.

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