Construction Sector Makes Surprising Recovery in Costa Rica

Following a contraction in the construction sector in 2014, Costa Rica experienced a surprising recovery in 2015, recording positive growth, according to data released by the Costa Rican Chamber of Construction.

CCC president Guillermo Carazo reported that the sector was anticipated to close 2015 with a positive growth rate of approximately 4 percent, following a negative growth rate of -2.3 percent the previous year.

The news was a surprise after a report last summer indicated that construction activity in Costa Rica had actually declined across the board, compared to activity during the first half of 2014.

Between October 2014 and September 2015, a total of 6,480,574 square meters of construction were completed in Costa Rica.

Although news of positive growth in the sector is certainly welcome, it remains far from the double-digit growth the construction industry experienced in Costa Rica in 2012. Contraction in the construction sector began in 2013.

In 2015, the housing sector led growth in the construction industry, followed by commercial development.

Daveed Hollander

Daveed Hollander

With over 2 decades of doing business in Costa Rica real estate industry Daveed Hollander is a trusted realtor for the southern pacific region of Costa Rica. Delivering a professional and tailored service Daveed offers you a wide ranging portfolio of quality properties. With an in-depth knowledge and a genuine appreciation for the area, he enthusiastically supports sustainable development in the southern pacific. A respected and active participant in the local community Daveed and his family reside in Dominical. Fluent in English and Spanish, Daveed has established regional connections and excellent communication skills allow him to successfully identify valid and authenticated investment opportunities. Well known for his friendly and genuine approach your search for a potential property is benefited by his conscientious and detail orientated service.