Real Estate Hints to Revival in Costa Rica

©image: Jacques

In the first 10 months of 2009, Costa Rica's real estate market was severely hit by the economic crisis and investor fear due to the burst of the U.S. real estate bubble.

However, as the year comes to an end, there are recovery signs in the market, driven mostly by a sharp reduction in property prices.

Brian Friedman, from Century 21, told newspaper The Tico Times: "This drop in prices has been both a blessing and a curse for the market. A blessing because interest has increased, we are showing properties every day. On the other side, sellers are in a tough position, and must drop their prices significantly in order to close a sale".

Source: ticotimes.net

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No Housing Bubble in Panama

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Mass construction in Panama, particularly in the capital, is concentrated in some residential areas where prices are rising and it is advisable to monitor this situation. However, this does not constitute a threat of a housing bubble in the view of some economists.