Real estate market in Costa Rica will keep growing

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Expert analysts and international media profiles real estate in Costa Rica will continue to rise.

A stable economy could yield him fruits to Costa Rica in the goods market roots, experts predict that there will be an increase in real estate sales in what has been a market slow, it would however approximate a wave of sales.

"After a successful close in 2012, this year (2013) seems to be a great start with houses of Costa Rica to draw attention to the Web sites of real roots throughout the country, $200,000-$ 450,000 of points of sale at the price," advises The Tico Times, a newspaper in English language in Costa Rica.

"The market is definitely gaining steam," noted Chris Simmons, broker/owner of Remax Ocean Surf Realty in Tamarindo. "Sales in the last year were higher than in the three previous years combined. They are selling properties that have been for 2 years without tenders and there is a growing urgency in the market."

The positive side was that more foreign investors are owners of their property for what the country did not see the same disastrous situation of foreclosure who experienced the United States and other global markets where the properties were heavily mortgaged. As a result, the recovery has been less complicated that in economies that are overwhelmed by the high housing debt.

The increase in sales seems to be due to several factors. The stabilization of the housing market in the United States is having a positive impact in Costa Rica, and condominium sales. Thus, tourist arrivals constantly increased in Costa Rica from 2010 so more potential buyers have the possibility of knowing firsthand the market in Costa Rica.

According to the Tico Times, "people around the world want to buy properties in Costa Rica. The Americans who come to visit and fall in love with the country and South Americans trying to protect their fortunes of questionable Government policies in their own countries are foreign property investor’s most common roots.

To these groups can now add a class newly empowered and ambitious young professionals in Costa Rica and the emerging Russian and European investors. Together, these groups form a demand of changing market of real roots of Costa Rica.

Posted by Costa Developers