Poor Prognosis for "Second Homes"

According to the Costa Rican Chamber of Construction the outlook is not encouraging and they do no foresee recovery in the short term.

Jose Alfredo Sanchez, vice president of the group, said "In Costa Rica, there has been a dramatic effect on the coast, where (project development) has not recovered in the short term because this would require strong economic growth in the U.S., which is not happening. "

In contrast the perspectives for housing in the Central Valley look favorable, according to Ricardo Castro, president of the CCC.

Source: Nacion.com

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