Costa Rica Properties Market Shows Promising Start To 2013

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In a recent gallop poll by CRREC, early indications show promise within the Costa Rica properties market for 2013.

Tamarindo Costa Rica Hotel
This year has already begun to show us strong numbers and if the first couple weeks of 2013 are any indication of what's to come...I'm excited.

- Jerad Portner, CRREC

In a recent gallop poll conducted by the leading Costa Rica real estate firm CRREC, early indictions are showing that 2013 could be an above average year for sales of both commercial and residential Costa Rica properties.

Since the real estate boom of 1996, Costa Rica has since seen a roller coaster ride of ups and downs as a result of struggling world economies. However in 2012 there was a return to increased activity within this once thriving sector.

Coat-tailing off the successful close to 2012, the new year (2013) appears to be off to a great start with Costa Rica homes for sale within the price points $200k - $450k drawing the most attention on real estate websites throughout the country.

"This year has already begun to show us strong numbers and if the first couple weeks of 2013 are any indication of what's to come...I'm excited." says Jerad Portner, Sales Manager of CRREC.

A few respondents to the study indicated an anomaly of +/- 4% which showed a rising interest from European nations towards larger sections of Costa Rica properties for reforestation projects like teak and cypress.

Additionally there were a few agencies who are reporting rejuvenated commercial real estate markets especially along coastal regions.

"With such influential brands like Westin and Sol Melia showing their confidence in the region, we expect that this will almost certainly spawn further interest from other investors around the world." said hotelier Trevor Berkowitz who currently operates a beachfront hotel in Tamarindo, Guanacaste.

Costa Rica has always been an attractive location for foreign investors to diversify their portfolios and help offset their losses seen in local markets similar to the US housing crash.

Investing in Costa Rica property is simple for foreigners from all over the world who can invest in Costa Rica properties the same as any Costa Rican local. The government has progressively made it more attractive for foreign investors with tax incentives and a variety of commercial perks to lure foreign investment.

Reference:

Tamarindo beachfront hotel for sale - MLS No. - CRREC-2122

About Costa Rica Real Estate dot COM (CRREC):

CRREC ignited the real estate revolution in 1996 with it's incorporation. Then reinvented themselves in 2012 with the acquisition by current CEO Brett Elliott who plans to further strengthen the CRREC brand. Costa Rica Real Estate dot COM continues to lead the industry with its trusted service guarantee and dedication to buyer protection which is defining the future of real estate in Costa Rica.

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Don Halbert (CMO)
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