Costa Rica: Real Estate Funds Dynamize Market

The continuous acquisition of real estate and the diversification in the type of infrastructure invested, are the reasons for the growth of real estate funds, which monopolize nearly 40% of the industry's assets.

Tuesday, January 8, 2019

According to data from the General Superintendence of Securities (Sugeval), the proportion of real estate funds concentrated in the market has been growing for years, since in November 2013 they represented 29% of the industry and in the same of 2018 it rose to 41%.

Nacion.com reviews that real estate funds "... Up to the penultimate month of 2018, increased at a rate of 19% year-on-year, well above the 2.8% shown by the fund industry in general, according to net asset data."

Regarding the behavior of real estate funds, Antonio Perez, commercial director of the financial group Mercado de Valores, said that "... The real estate funds are the ones that lead the path of growth in the investment fund industry."

Regarding what is expected in the following years in a context of deceleration in foreign direct investment, Perez said that "... It could affect, for example, in 2021. If in the end we don't attract more companies, we might have a problem, but I think FDI is going to keep a good behavior. Guanacaste is an example of growth.

Do you need information about the financial sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Real Estate Funds: Poor Performance in 2019

September 2019

In Costa Rica, yields on these investment instruments have been declining since 2017 and even more this year, partly because of the increase in the unemployment rate of real estate.

The prices of real estate investment fund shares on the stock market have fallen significantly in the last year. Economist Adriana Rodríguez, director of the consulting firm Frecuencia Económica, explains what to expect in the medium and short term.

Real Estate Fund Buys Office Center for $127 million

August 2017

In Costa Rica, the investment fund management company Multifondos has announced the acquisition of the corporate center El Cafetal, located in Belén, Heredia.

Elfinancierocr.com reports that "...Multifondos, a subsidiary of the financial group Mercado de Valores, said the amount represents the largest purchase made by a real estate fund in the country and it has been estimated that this will result in the real estate fund industry being valued at $2 billion."

Investors Like Bricks and Mortar

May 2017

Stable returns is the main characteristic of real estate funds which in Costa Rica have shown annualized growth of 26% in their net assets.

An article in Nacion.com reports that "... Real estate funds spent $284.2 million on the acquisition of 32 buildings between April 2016 and March 2017. As of March, net assets managed by the seven investment fund management companies (SAFI) amounted to ¢754,255 million, after a year-on-year increase of 26%, according to the Superintendency of Securities (Sugeval)."

Costa Rica: Investment Funds Update

June 2015

In April 2015 the total assets managed by Costa Rican investment funds amounted to $3,800 million, 8% more than at the end of 2014.

From a report by the National Chamber of Investment of Costa Rica (CAFI):

Investment fund assets grow 8.3% and 7.8% in customers in the first four months of 2015.

 close (x)

Receive more news about Capital Markets

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Challenge Consulting Group S. A.

Consulting firm especialized in financial and securities ehchange markets in Latinamerica
Operates in Panama
Phone: (507) 6729 5697

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 25)
Brent Crude Oil
48.02
Coffee "C"
117.3
Gold
1,811
Silver
23.465