INDUSTRY OF SHOPPING CENTERS IN HONUDRAS Essay Example | Topics and Well Written Essays - 1000 words

INDUSTRY OF SHOPPING CENTERS IN HONUDRAS - endeavor ExampleThe substantial estate investment in the country was able to drop by 15 percent, and this drop was due to the contraction of the global credit as well as export market and political crisis. Now Honduras has or so of the best shopping malls in the world with groundbreaking facilities inside the malls (Ling and Naranjo 3). hot piquantness of such a kind of mall is San Pedro Sula mall, and this mall has about 150 stores, an Applebees restaurant, 23 eateries that offer food products, an arcade, a Cinemark movie theatre, a banking centre, and a parking lot located in the underground. Besides the underground parking lot, the mall also has 1,200 extra parking spaces with 100% air-conditioning system and warranter cameras. San Pedro Sula shopping mall has a friendly atmosphere as well as stores with world(prenominal) standards, and the services offered here present many clients with opportunities that atomic number 18 only v isible to many through idiot box adverts. Some of the international standard stores in this mall are Lady Lee, Puma, Jet Stereo, and Carrion with a modern state of art technologies. The stores have automated systems as well as electromechanical systems for communication, air conditioners, and observe of the stores. The latest technology incorporated in this mall made it win an award from International Council of shop Centres (ICSC), some of the contributing factors to winning the award besides the latest technology were the best traffic operate design of the mall, and this made it able to compete with other malls in Dubai and Brazil. In 2012, the countrys gross domestic product was 17.97 billion US dollars, and this value represented close to 0.03% of the total world economy. There has been a outstanding improvement in the economy because in 1960, the GDP stood at 4.57 USD up to 2012 and this year GDP, the value has shot up to 17.97 USD. This improvement is practically an indica tor of how lucrative the businesses are in the country, and the booming business is the mercenary real estate business. The hiring and renting of commercial real estate in the country are relatively cheap, and most of these commercial real estates have modern designs and technology. They offer a variety of the cool and calm business environment that ensures comfort ability of the occupants. Renting of these apartments is re-createal, and the clients are always at liberty to renew the trading contracts with the commercial real estate owners. Most of the tenants in Honduras are American citizens, and the laws and practices that govern real estate willpower in the country are quite different from the ones in America. Because most of the tenants are Americans, some of the insurance firms from the USA have been on the front line to provide title whole kit and boodle for most of the discharges in the country through the help of attorneys from the country (Total Transaction Costs 6). Most of the chances involving land ownership in the country have been prolonged by the judiciary system of Honduras, and this has led to the red ink of money by many American citizens in their quest to get justice. Besides the long case protocols, most of the Americans have also been frustrated in their quest to settle most of the disputes resulting from land ownership (How High 9). Most of the foreign tenants have been brushed off using violence in some of the disputed cases. The Honduran laws have imposed