After a fall of 35% in construction sector in 2009 the bank would have greater resources this year. As the diva of the economy and credit policy of national banking, housing could become this year one of the main areas subject to credit. It will be essential, according to Luis Liberman, hierarch of economic policy the new government led by Laura Chinchilla. The intended...

Input service companies, medical device and high technology, plus the recovery of exports, would increase demand for existing assets. Construction of new works would take force until 2010. While spending is expected to be 20 to 30 months for the housing industry to recover the original conditions presented before the international crisis, the office markets and industry...

In December 2008, Carlos Castro made six new homes for sale in La Aurora de Heredia. Four months later decided to lower the price of $ 80,000 to $ 75,000 to try to sell them faster. Despite the discount, Castro has not been able to sell one. Other developers have opted for another strategy: to keep the price down but the pace of construction and make deals. According...

Within weeks, the mutual savings and credit unions can offer their clients housing loans up to 30 years time, thanks to legal reform passed yesterday in the Legislature. Until now, these financial institutions, serving nearly 50,000 people, can only give credit to 15 years time which prevents them from offering more flexibility to its customers. Yesterday, the whole...