Like any other developing country, El Salvador is a country that, thanks to the effects of globalization, has been able to integrate key elements key to the diversification of its industry, new technologies, materials and proximity to large economies have been an important element in generating a good business climate.
The country and its cities, throughout the 80’s and 90’s, has experienced rampant growth in vertical construction, and beyond that, the improvement of its logistics network of roads has allowed the establishment of different logistics centers outside the city, with routes that They do not pass through population centers and that cross the country from end to end.
The construction sector is one of those that has been growing with much more consistency over the years, the demand for housing in El Salvador is driven by the growth of the population, a change of preferences in terms of the properties that citizens acquire, the increase in income and urbanization.
Real Estate Development for Housing
The housing sector in El Salvador has a high growth potential in the medium and long term. Housing demand is expected to continue to increase, driven by population growth, rising incomes and urbanization. The development of new projects, investment in infrastructure and the improvement of access to financing are some of the factors that will contribute to the growth of the sector in the coming years.
Real Estate Development for Industry in El Salvador
The industrial sector in El Salvador is booming, being promoted by the Outsourcing nearshore applied to various industries. which has been promoting a growing demand for adequate industrial spaces. This demand is favored by the strategic location of the country in Central America, with access to important markets.
The Salvadoran government offers tax incentives and other facilities to attract investment in the development of modern and well-equipped industrial parks, which provide quality infrastructure, services and security to companies in the development of investment in the national territory.
the law of Industrial Free Zones and marketing (Decree No. 405) for the Free Zones of El Salvador was approved by the Legislative Assembly of the Republic of El Salvador on December 19, 1990 and entered into force on January 1, 1991. That law in El Salvador establishes A favorable legal framework for the installation and operation of companies in free zones of El Salvador, with the aim of promoting the economic development of the country through the attraction of foreign investment, the generation of employment and the increase of exports.
It is important to note that these tax and execution incentives become important in the face of Salvadoran reality, becoming key the need to have a strategic ally that allows the continuity and expansion of businesses in various industries.
Major Real Estate Investments in El Salvador
Among the most important real estate investments in the country, in recent years we can see:
- Expansion and improvement of El Salvador International Airport.
- Bypass construction in Santa Ana, San Miguel and La Libertad.
- Construction of Francisco Morazán viaduct
- Development of apartment towers in different free zones of El Salvador in the city of San Salvador.
- Expansion of offer in mixed-use complexes, shopping centers that integrate offices and entertainment offer.
Some of these investments have been completed to date, however, a good part of them is still in development and in the final stage to be able to be enabled for the population. This is an important endorsement of the central government commitment to the population, and mainly for local opportunity generators, investors.
The importance of a reliable partner
It is important to recognize that the real estate development of a country aims to improve the quality of life of its citizens, in a way that allows the creation and improvement of opportunities over the years. Faced with this reality, we can identify that the need for efficient growth is maintained, as we have been able to learn today, El Salvador offers important conditions and a relevant competitive advantage due to logistical aspects, incentives and geography.
Grupo Aristos, a business group with vast experience in real estate development, with more than 15 years of successful development, focuses on energy and resource efficiency, becomes a reliable ally to be able to take the next step, continue advancing, or create the foundations of what can be a development successful industrial.