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Construction in Costa Rica drops 6 percent

Tuesday, June 11, 2013

Construction in Costa Rica dropped 6 percent during the first four months of the year, Costa Rican newspaper La República reported.

Among the factors that slowed down the sector were an oversupply of real estate, a drop in economic activity and uncertainty concerning credits.

Office building projects are among the most affected by the drop, with 13 percent new office buildings empty.

Full story (in Spanish)