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.

In a survey by ElFinanciero with several real estate agents, the feeling in the industry is that, far from being a breaking point, ending speculation and adjusting prices, the crisis of 2008 caused a stampede from developments and construction but did not modify the practices of usury and informality.

Some even speak of a mafia responsible for artificially inflating prices .

The position of the Chamber of Real Estate Brokers is that although formal intermediaries have slashed prices in an effort to regain market share, informal ones continue to speculate.

Source: elfinancierocr.com

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The value per square meter in the Panamanian colonial settlement has almost doubled in the last 10 years.

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The demand for housing solutions and commercial spaces in downtown San Jose has led the cost of land per square meter to rise to $1,200.

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January 2013

The widening of the road to Masaya between landmarks 6 and 14 is expected to increase land prices, which currently range from $100 to $120 per square meter.

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