Costa Rica: Real estate development funds increase assets
The Real Estate Development Funds have recorded an increase in their net assets of 539% from January to first half of September.
Monday, September 29, 2008
The number of investors has increased by 270%. This important increase is due to greater familiarity with the Funds in the market, according to various companies (called Safi in Spanish) that manage the Funds.
The development of the El Encanto Villas & Golf project, which includes residential lots, apartments, golf course and a country club, has become paralyzed.
There are plans to build a mini-city on the beach in Puntarenas, two mega projects and 6 other smaller works that represent $211 million in investments.
Guatemalan real-estate developer Calidad Inmobiliaria is planning a major commercial project on Guatemala City's El Naranjo Boulevard, an increasingly busy commercial area.
Investors are threatening a lawsuit against Newland Properties, the owner company, for an alleged breach of bond principal payments in November.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar