In 2022, there was a growth of around 50% of Salvadoran investments abroad (Salex) compared to 2021, with tourism, urbanization, agribusiness, shopping centers, and service stations being the items that most attracted them, assuring the Presidential Commissioner for Strategic Projects, Cristian Flores.
“In general, between 2019 and 2022, Salex investments have generated 7,000 direct jobs and more than 25,000 indirect jobs nationwide, which boosts the local economy in the 14 departments of El Salvador,” Flores said.
This dynamic, according to the official, is driven by the success of the government’s security strategy, which allowed the country to close on Monday, February 6, 2023, with an annualized homicide rate of 1.8 per 100,000 inhabitants. The lowest in all of America, even below that of Canada.
«There has been an increase in the demand for investment, because the country has been gaining confidence with the Territorial Control Plan. Entrepreneurs and residents of the areas where there are projects state that they feel safe and that they are willing to work,” added Flores.
In this scenario, the Salvadoran real estate developer, 3 Torres, indicated that, thanks to the security indexes and favorable investment climate that the country is experiencing, Salvadorans abroad are returning and investing in the real estate sector and other items.
In this sense, the manager of the real estate company, Donato Galdámez, assured that, of 40 apartments in a housing project put up for sale by the developer, 16 are bought by distant brothers, that is, 40%.
«I believe that the distant brother has always been aware of our country, even the new generations become new investors who are seeing the country again, having that confidence to come. What is happening is that there is trust and security,” said the businessman.
Galdámez added, as an example, that last week he held a meeting with a Salvadoran abroad who expressed interest in acquiring 20 apartments. “That creates a dynamism, really security is a very interesting phenomenon,” he said.
The developer’s representatives indicated that Salvadorans abroad are the second strongest buyers after locals, and foreigners who decide to invest in the real estate sector in the country are in third place.