Real Estate Colliers International supply of properties Antonio Pérez Hernández increased supply Business and Investment Grupo Aldesa Real Estate Rentals housing office building rent Armando Maroto Asociación Panameña de Corredores y Promotores de Bienes Raíces Condominium Costa Rican Chamber of Construction

Costa Rica: Oversupply of Local Offices

From March 2008 to March 2009, office buildings in the greater metropolitan area went from 7% unoccupied space to 11%.

Tuesday, May 5, 2009

©image: Jacob Bøtter

Several buildings, whose construction began before the crisis, were completed in 2008 and had to face the difficulty of renting their offices.

Sergio Morales in his article in Elfinancierocr.com reflected the opinions of real estate market analysts, including Antonio Perez, general manager of Multifondos, who believes that "one of the consequences of this real estate behavior will be pressure on prices, either to keep them unchanged or force a decrease."

Source: elfinancierocr.com

Key entities

Armando Maroto Colliers International Grupo Aldesa Multifondos Antonio Pérez Hernández

Countries

Costa Rica

Insight

supply of properties rent increased supply Real Estate Rentals

Housing Sector Lacks Supply

April 2011

Costa Rica lacks housing for the middle-income sector.

Funding is not to blame. After passing the most severe part of the financial crisis, banks are now offering home loans at favorable conditions and accessible to incomes of all spectrums. The problem is that there is insufficient supply in the housing sector in the ranges of $70 thousand to $80 thousand.

Costa Rica faces shortage of commercial real estate

May 2008

Commercial real estate is in short supply in Guatemala, under pressure from a sharp rise in demand in recent years.

In the San José area, some 450,000 square meters of commercial real estate have been built, but only 10,000 square meters is still available, according to a study by Colliers International.

Costa Rica: Banco Nacional sells Building

March 2011

The five-story building, with a construction area of 4,127 square meters, is valued at $ 1.07 million.

There is up to 80% financing available for the purchase.

Eight months ago, when it was offered for the first time, the sale price was $ 2.17 million, "the new price ... responds to conditions of the property, which needs repair, as stated in the advertisement," Nacion.com reported.

Panama: Properties Auctioned in Reverted Areas

November 2010

The properties to be auctioned in November are located in the provinces of Panama and Colon.

The auction will be conducted by the Administrative Unit of Reverted (UABR) of the Ministry of Economy and Finance.

The properties are located in Pedro Miguel and Albrook, Panama, and three in the area of David, in Colon.

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