Cámara Costarricense de Corredores de Bienes Raices
in Central America
Tuesday, September 27, 2011
Only three of the 70 properties offered were sold in the first digital auction organized by the Costa Rican Chamber of Real Estate.
The properties include lots, houses, condos, apartments and unfinished developments which form part of Banco Nacional de Costa Rica’s assets, repossessed from customers who defaulted on their loans.
Monday, September 12, 2011
Between September 13 and 21, Banco Nacional will auction 70 properties on the Internet.
The platform for electronic auction - www.subasta-cccbr.com was presented by the Costa Rican Chamber of Real Estate and Banco Nacional.
Tuesday, June 28, 2011
Eleven new vertical projects will see the light over the next two years in the Greater Metropolitan Area.
Aimed at the middle and upper classes, most developments are to the west of San Jose.
Among the projects, one that has already been started is Paseo Colón Torres, in which $28.6 million has been invested and will be finished next year.
El Financiero reported statements by Rosendo Pujol, director of the Research Program on Sustainable Urban Development at the University of Costa Rica (PRODUS in Spanish), concerning the reasons for this boom, which he said were "... insecurity, growing congestion on roads and significant increases in the income of a minority. "
Tuesday, June 14, 2011
Reductions of up to 40% on prices reflect the bubble that was created in Costa Rican real estate sector.
The economic crisis that struck the U.S. and Costa Rica also had a great impact on the Costa Rican real estate industry, where demand has fallen to levels never seen before.
However, the crisis is not solely to blame for the current situation being experienced by the industry, which began two years ago.
Monday, May 31, 2010
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.
According to them, realtors must now sign a sale authorization agreement with the owner of the offered lot.
Tuesday, March 9, 2010
The price of the average lot next to the recently inaugurated highway increased between 25% and 60%.
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).
Friday, February 5, 2010
The development boom experienced by this tourism province in Costa Rica before the financial crisis has been replaced by “deceleration and prudence”.
“Imagine a car in a six-lane road travelling at 120 kilometers per hour. Suddenly, if finds itself in a gravel road, full of street holes, and the car must slow down to 20 kilometers per hour if it intends to stay apiece”.
Friday, May 1, 2009
A Special Report by Revista Summa, containing a comprehensive overview of the construction industry in the region.
The current financial picture has not stopped progress in the construction sector in Central America and the Dominican Republic:
Country Summaries:
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