Caldera Highway Raises Nearby Land Value

©image: Maíra Termero

Realtor Jorge Rosales reported that some plantations that used to be sold at $9 per square meter have doubled their value ($18 per square meter).

El Financiero analyzed several aspects of this situation, including the real estate and the construction materials markets.

Source: elfinancierocr.com

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In the province of Guanacaste, many real estate properties are being offered at much higher prices than their market value, in stark contrast with the sector’s depressed reality.

Attempting to put a stop to this practice, the Costa Rican Realtors Chamber (CCBR) has issued new internal regulations among its associates.

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June 2009

Prices for properties in the main zones of Panama City dropped in 2009 by between 15% and 20% compared to those of 2008.

Figures from the Department of Economic Affairs at the Chamber of Commerce, Industries, and Agriculture of Panama, which were published at Prensa.com, indicate that “in 2008, the cost per square meter for an apartment on Balboa Avenue was, on average $3000, but in 2009 it fell 20% to $2500; Similarly, in San Francisco, the cost per square meter was $1,600, 15% less than in 2008."

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Foreign investors are interested in purchasing lots, both in the coast as well as the interior of the province of Darién.

Offers for the lots range from $1.000 an hectare, without property title, to $3.000 for terrains with property titles.

" ... Americans and Colombians are the most interested. In the long term, they expect to invest in tourism centers or teak plantations", reports Prensa.com.

Panama Invites Tenders for $3.5 Million Valuation Services

September 2010

The country's property register is looking to contract real estate valuation services for properties located in the Punta Pacifica and "Costa del Este" areas of the capital.

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