American Expatriate Costa Rica

Housing and commercial construction decreased slightly in 2017

Last year saw a decrease in construction compared to 2016. This was announced by the Federated College of Engineers and Architects (CFIA) on Thursday at a press conference.

According to the data, 2017 registered 10,164,716 square meters of construction, which implies a decrease of 2.15%.

The main decrease was in housing works, as well as in the commercial and institutional construction. On the other hand, urban and industrial works registered growth.

However, despite the decline, the CFIA highlighted that it is the second time in the last 13 years that more than 10 million square meters of construction have been surpassed.

Engineer Javier Chacón, CFIA Operations Director, explained that San José and Alajuela had the greatest amount of construction. In the capital, 26% of the total work was built, followed by Alajuela with a percentage of 18.7%.

The CFIA believes that the figures will be similar in 2018, although the change of government should be taken into account as of May 8th.

crhoy.com