Mixed-use developments combine multiple types of spaces within one development, typically blending residential, commercial, and office areas.
Vertical mixed-use developments combine different uses of space stacked on top of each other in a multi-story building. Retail spaces might be on the ground floor, office spaces on the second and third floors, and residential units above.
Horizontal mixed-use developments are spread out over a larger area, typically in a low-rise configuration, often where a shopping mall is adjacent to residential houses, or an office park with restaurants and cafes nearby.
Live/Work developments are where people can live and work in the same building, often ideal for individuals with small businesses, artists, or entrepreneurs who prefer a short commute.
Retail-centric mixed-use developments are a mix of residential and office space, that can be shopping malls with residential units or offices located on upper floors, or mixed-use developments with a strong emphasis on entertainment and dining.
Commercial and residential integration aims to create effective work-life balance in a single location, allowing for a flexible living environment, and are often found in urban or suburban areas.
Mixed-use developments can take many forms, depending on the location, goals, and needs of the community, but they all share the common goal of creating dynamic spaces that foster interaction, reduce the reliance on cars, and enhance the quality of life for residents and visitors alike.
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.
