Bulgarian join race for real estate in Panama and Costa Rica
Erna, a Bulgarian real-estate agency, is now offering properties in Costa Rica and Panama to potential Bulgarian buyers. Erna says interest is growing because the weakness of the US dollar is pushing down prices for Europeans.
Friday, May 9, 2008
In an interview with Efe news agency, Erna's director, Petronia Staykova, said the company had already received 10 requests for properties in Central America and the Caribbean and was lining up more clients.
Revenues of $115 million has been collected from the auction of 200 properties, between 2004 and 2011.
Only 3% of the real estate assets called "reverted areas", that have been a major factor in development over recent years, still need to be awarded.
Banco de Costa Rica analyzes possible options for moving the seat of the Legislative National Assembly.
Greater knowledge of these financial tools is driving their use in the country.
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