Costa Rica Building in 2005 was Similar to Last Year

Reports show that building in 2005 was about equal to that of 2004 and construction in 2006 is expected to be as good as, if not better than, this year.

The one area where construction went up was in home building which grew overall by 4.2%.

Guanacaste, on the northwestern Pacific coast, grew the most with a 75.5% increase, with 448,477 permits issued in 2005 compared to 255,564 permits issued in 2004.

Puntarenas followed with a 26.3% increase, then Heredia with 22.1% and Alajuela with 9.9%.

On the other hand, home building in Limon decreased by 46.5%, in Cartago by 21.5% and in San Jose by 18.6%.

The director of the Costa Rican Chamber of Construction attributed the lack of a more significant increase in home building in these areas to higher prices of gasoline, public services and staples.

He added, nevertheless, that bank loans for construction were up from 550 billion colones to 650 billion colones this year, indicating that construction of other types of buildings had increased.

Our thanks to Marisol Castro and our friends at La Nación – Costa Rica’s largest Spanish circulation newspaper for their permission use this article.

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Andrew Makarik

to@welovecostarica.com

Andrew Makarik is the main editor of WeLoveCostaRica, a fan of this sunny country. He is also a loving husband and a has a lovely daughter. By being a devoted family man and the biggest Costa Rica fan, he wants to make more people feel at home there. WeLoveCostaRica unites people and helps them find new home or a new travel destination. This website is a friendly community where everyone can find not only information, but also new friends and travel pals. Andrew is also passionate about IT and programming, so he himself maintains a friendly atmosphere in this cozy environment of WeLoveCostaRica.com.