Costa Rica: Construction Figures up to June 2015

The amount of square metres of construction in applications for permits up to June 2015 decreased by 7% compared to the same period in 2014, with office buildings and industry leading the decline, with negative rates of 22% and 10%, respectively.

Tuesday, August 18, 2015

Data from the Costa Rican Chamber of Construction shows the decline in the number of square meters of construction being processed with the Association of Engineers and Architects.

The total construction area processed up to June 2015 amounts to 6.095.763 square meters, up 6.8% from the 6,544,021 processed in the same month in 2014.

By type of building, the number of square meters processed for housing fell from 3.3 million in June 2014 at 3.2 million in June this year, down 4%. The subcategory single family homes recorded a slight increase of 0.2%, while the processed area for condominiums fell y 18.5% going from 753215 to 613938 square meters.

In the case of the construction of buildings for industrial use, the reduction was 9.7% going from 720141 to 650358 square meters between July 2014 and June 2015.

In the category of offices, the reduction was 22.7%, going from 688.579 square meters processed up to June 2014 to 532548 square meters up to June 2015.

More on this topic

Costa Rica: Construction Up 13% in 2016

January 2017

7.4 million square meters, of which 50% corresponded to housing, 28% to commercial buildings, 8% to offices and the rest to industrial and other buildings have been officially processed.

From a report by the Association of Engineers and Architects (CFIA):

Costa Rica: More Residential and Commercial Construction

January 2016

In 2015 condominiums fueled a growth of 10% in housing projects, while commercial construction increased by 31%.

From a statement issued by the Association of Engineers and Architects:

In 2015, the Association of Engineers and Architects (CFIA) registered more than 9.2 million square meters, a figure that is 14% higher than the amount reported in the previous year.

Fall in Hotel Construction in Costa Rica

February 2014

In 2013 the number of building permits requested for hotel establishments across the country dropped by 62% compared to 2012.

The number of square meters authorized in the last 12 months between February 2013 and January 2014 fell to 47,515 m2 compared with the 126,036 m2 in the previous period, according to the Costa Rican Chamber of Construction.

Perspectives of Construction in Costa Rica

January 2014

In 2014 the dynamism of the sector will depend on the speed with which the current infrastructure problems and excessive paperwork can be resolved.

The Costa Rican Chamber of Construction (CCC) today announced that 2013 closed with a decline of 1.7%, about 99 thousand square meters less than in 2012.

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