Chamber of Construction of Costa Rica said that for this year it is estimated that the construction of residential and urbanizations will grow by 11%.
The Costa Rican Chamber of construction recorded growth speculated the country must respond directly to the improvement and acceleration of procedures related to start construction, as well as speculation in the economy’s growth.
The President of the Chamber of Construction, Gonzalo Delgado, has expressed that to achieve growth that is planned, it is necessary to build a long term commitment of the institutions of the State planning to improve the conditions of access to housing.
Delgado also mentioned that it is a requirement that the figures of trusts, pension funds and public works concession are developed so that this takes place. It is also essential for the sector to reduce interest rates and work on the stability of the exchange rate.
The development of the sector in the previous year’s also indicates that last year's growth was 11%, with approximately 570 000 square meters of construction recorded in processes of 2011.
These data recorded by provincial correspond to the following figures in accordance with construction area: Puntarenas showed a growth of 43.6%, Heredia a 25.3%, lemon a 24.9%, Guanacaste 20.8% and San Jose a 6.8%. Alajuela and Cartago provinces showed a decrease of the construction.
Costa Developers properties, are located in the Central Pacific, in the Puntarenas province, according to the figures the province that has seen the greatest growth; this area has become a suitable target for the development of real estate, among other factors by its proximity to the city and its natural beauty.
The Chamber of construction specified that the expansion of residential buildings is a 23.3% and in the sector of commercial developments, have had a rapid expansion with a 1.6% growth. Categories showing negative numbers correspond to industrial buildings and offices.
Posted by Costa Developers
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