The economic crisis that struck the U.S. and Costa Rica also had a great impact on the Costa Rican real estate industry, where demand has fallen to levels never seen before.

However, the crisis is not solely to blame for the current situation being experienced by the industry, which began two years ago. In some cases, bubbles in prices were created, affecting the placement of property and the industry in general, but mainly in coastal areas.

The president of the Chamber of Real Estate in Costa Rica, Aleyda Bonilla said in an interview with elfinancierocr.com that "we must make the customer understand what the actual market price is, in order to avoid creating a bubble again. We have to explain what the actual percentage of equity is in a specific area, the realities have to be explained. "

Source: elfinancierocr.com