The decision of whether to sell the event center after three failed attempts to auction it will be left to the incoming government.
According to Law 22 on public procurement, after three attempts at an auction the state should proceed to selling the property for $62 million, ie 50% of the original sales price. However, it will be the government of Juan Carlos Varela which will assess and decide whether to continue with the sale process or follow suggestions from the business community about the value that the state could find in this piece of infrastructure in the promotion of trade and culture.
Although it can now be bought for half of its value, there is no interest in acquiring the Atlapa convention center.
Three months ago the third attempt to auction the Atlapa convention center was held and although the law states that after three attempts to auction the property it can be sold for half its value, no person or company has expressed interest in acquiring it.
The service is called Alert Registry and will be available to owners of personal property (vehicles) and real estate (land). The annual fee to receive notices is $15 per year (7700 ¢) for each of the properties you want to put under surveillance.
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.
Of the 137 000 hectares of property along the route of the Canal that was returned to the Panamanian State, only about 4,600 still need to be sold or let, according to the Reverted Property Management Partnership’s (UABR in Spanish) inventory taken in October 2011.
Greater knowledge of these financial tools is driving their use in the country.
Equity and Guarantee Trust funds are the most popular of these types of instruments in Costa Rica, where more and more companies and individuals are choosing to manage their properties using this alternative.
Reveal Real Estate is dedicated to improving the transparency of the international real estate market in Central America by putting data in the hands of consumers.
Operates in Costa Rica, Nicaragua and Panama
Phone: (302) 353 4505
Latinamerica Title Co. is an agent of Chicago Title. Our company offers customers the most comprehensive and accurate title and escrow related services in the region, enhancing real estate transactions with a group of services that minimize the risk of investing in a foreign country.
Operates in Costa Rica and Panama
Phone: (506) 2256 9697 - (507) 830 5500
Real City Group is a real estate office, located in San Jose , Costa Rica. We are a excellent resource for Real Estate in Costa Rica . Our expertise covers a wide real estate collection.
Operates in Costa Rica
Phone: (506) 22968787 - (506) 88213828
Our company`s service is designed for making easier the job for its clients, offering them alternative solutions for their Real Estate needs, while giving an optimum and timely service in record time.
Operates in Costa Rica
Phone: (506) 2272 9494
We are specialized in Residential and Commercial Real Estate Development and in the Hospitality and Tourism Industry. We provide integral support to investors and projects. Our market share is 71% +
Operates in Nicaragua
Phone: (505) 2270-1320