Costa Rican real-estate funds slow to take off

Real-estate development funds are a novelty in Costa Rica's financial markets and they have been slow to take off.

Tuesday, May 13, 2008

Although the market regulator, Sugeval, has authorized 13 projects to far, only one is actually under construction.
Market specialists say that investors are wary of any new concept, but some complain that the system involves too much red tape.

More on this topic

Growth of Investment Funds in Nicaragua

November 2013

Initial expectations for the placement of shares in real estate funds worth $2 million was far surpassed, with a total of $9 million in the first year. reports that "... the success of the FII is based on the fact that these pay a better percentage for the investment (from 6.5 to 8 percent a year), much more than is usually paid by the financial system on savings, but also offers fewer levels of risk for investors. This has recently allowed other economic groups to prepare similar products. "

Costa Rica: Interbolsa Seeks Fund Managing Partner

February 2010

Costa Rican financial group Interbolsa is looking for a partner to invest in its main asset, Interbolsa Sociedad Administradora de Fondos de Inversión.

50% of Interbolsa’s portfolio is composed of Real Estate Investment Trusts, considered the group’s key assets.
Interbolsa’s CEO, Danilo Montero, told that “they have been considering this possibility since last year, but there is nothing concrete yet”.

Modifications for Investments Funds in Costa Rica

January 2009

The decrease in the minimum asset level in Real Estate Funds to $5m encourages the undertaking of smaller real estate development projects.

The measure adopted by the Superintendence of the Stock Market hopes to adapt the rules to the current financial and economic crisis to promote investment, especially in the construction sector.

Costa Rica rings changes on investment funds

June 2008

Changes in the regulations that govern Costa Rican investment funds have received a mixed reaction.

According to the financial markets regulator, Sugeval, the aim of the changes is to clarify various aspects of the existing rules, which date from 2006, on the basis of practical experience.

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