The high prices of properties being recorded in parts of the country are scaring away foreign investment and limiting the recovery of those most affected by the 2008 crisis.
The question posed by foreign investors to Realtors: "'Why invest in Costa Rica when the price of the property is the same or higher as in New York but with less quality services?", is proof that the real estate bubble remains as active as before the crisis of 2008.
The Panama Association of Real Estate Agents and Developers and the Bello Hogar fair will join up this year to offer their products and services from August 27 - 31.
During the first Acobir fair 60 real estate firms participated; and at this, the twenty-ninth Bello Hogar fair, some 120 companies will be displaying their products and services, said Jose Boyd, Acobir President.
Costa Rica-based real-estate developer the Zeta Group has completed construction of its US$100 million Jacó Bay Ramada condominium project on Costa Rica's Pacific Coast.
The project consists of 266 condominiums, a hotel and a shopping area. Zeta has already sold 100 of the condominiums and the new owners will be able to begin to move in from next month. Work on Jacó Bay Ramada began in June of last year on a 3.5-hectare site.
Hacienda Pinilla, the design of this project allows the residents to live comfortably amidst the abundant natural and cultural richness of the Costa Rican Pacific Coast in the Province of Guanacaste.
Operates in Costa Rica and Costa Rica
Phone: (506) 2240 1226
International Real Estate Franchise that assists clients to sell, buy or rent houses, condominiums, commercial space, offices, lots and warehouses in Costa Rica.
Operates in Costa Rica
Phone: (506) 2582 0240