New Commercial Real Estate Developments in Guatemala
What are the types of commercial real estate development.
Commercial property development types are based on the purpose, design, and usage of the buildings, which can range from office buildings suitable for single or multiple businesses, often with common areas, mixed use and shared facilities.
Retail type developments in France encompass retail stores, restaurants, and entertainment venues, usually located in suburban areas, often within a row of stores along a parking lots.
On the larger scale industrial properties such as warehouse space used for goods and inventory, often featuring high ceilings and loading docks. Manufacturing plants designed for the production of goods and products, and distribution centers for goods are stored temporarily before being distributed to stores or customers.
Hotels and Motels also come under the commercial development category, offering lodging services, often with additional amenities like restaurants, conference rooms, and pools.
Medical and healthcare developments including emergency services and specialized care, designed for medical practices, such as dentists, physiotherapists, or general practitioners.
On the entertainment side of real estate development are cinemas, theaters, stadiums, arenas, and recreational centers built for events and athletic activities.
Each type of commercial property development in France involves its own set of considerations, such as zoning regulations, financing methods, and market demand. Developers typically assess factors like location, potential tenant demand, and the overall economic climate before proceeding with a development project.
Why Buy or Invest in New Real Estate Developments in Guatemala.
Guatemala is one of the largest economies in Central America, with a diverse base that includes agriculture, manufacturing, and services. The country has been experiencing steady economic growth, making it an attractive place for investment. As the economy expands, demand for real estate both residential and commercial is likely to increase.
Guatemala is home to rich cultural history, stunning natural landscapes, and historical landmarks like ancient Mayan ruins (such as Tikal). Tourism has been growing steadily, and this influx of visitors creates demand for short-term rental properties, hotels, and other commercial mixed-use real estate, especially in popular areas like Antigua and Lake Atitlán.
Guatemala offers a relatively favorable environment for foreign investors. It has various incentives to attract foreign capital, such as low taxes on certain investments, and a legal framework that protects property rights. The real estate market has shown an openness to foreign investment, with fewer restrictions compared to other countries.
Guatemala offers an affordable and high-quality lifestyle for retirees and expats, which has made it an increasingly popular destination for those looking to live abroad in resorts and gated communities. Areas like Antigua and Lake Atitlán are particularly attractive for retirees due to their beauty, climate, and growing expat communities.
For long-term capital appreciation, rental income opportunities, or the country’s strategic position, there’s potential for growth in the Guatemalan real estate market.
