MEET THE NEEDS

Costa Rica 2018 | CONSTRUCTION & REAL ESTATE | COLUMN

TBY talks to Esteban Cespedes, General Manager, Civitar, on the sector.

Esteban Cespedes

What is the background of Civitar?

Civitar is a real estate development company founded six years ago that has a combined experience of more than 80 years from our partners, Volio & Trejos, who have a long reputation in the construction business, and Grupo Pijao, a real estate developer based out of Colombia. We try to meet the needs of the market and innovate in that direction. We also look to develop an affordable product and provide added value to customers.

Why are people in Costa Rica moving toward smaller residential spaces from traditional larger ones?

Many cities in Latin America have been moving in this direction. People want to live closer to areas in the city where the job opportunities and services are and avoid traffic. Smaller residential solutions allow people to buy properties within the city. This is a trend that already happened in larger Latin American cities like Bogotá and Mexico City. This awareness has arrived to Costa Rica.