Value of land near the work, which will open next Wednesday, has gone up by 60% since resumed construction work for two years. While there is still no infrastructure or services consolidated residential developments along the San José-Caldera, the neighboring land prices have increased this way in a range of between 40% and 60%, compared with the value reported at the...

Works for offices and industry would not supply demand a period of 18 to 24 months, projected Stamatiadis Aris, Manager of Colliers International. Amid the economic and financial climate of recent months, the real estate industry has been affected especially in regard to the residential sector. However, it appears that the work to offices and industries in the domestic...

New tribute governed for ten years. Residences with values higher than ¢ 100 million will be taxed, the cost of land is exempt. If you have one or several houses worth over ¢ 100 million is prepare your checkbook, because starting next month will have to pay a tax on these properties. As of July will go into effect the tax on luxury homes passed by Congress in October...

Companies seeking refuge in the segments as a primary strategy for growth. First sale and financing of housing encourages recovery of both sectors, which begin to lose the fear of financial crisis. The financial sector and construction are beginning to improve after a long period of losses. Banks have lost fear, then to increase the credit risk in almost all areas of...

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...

33 cantons have new price hikes ranging between 50% and 230%. Office of Finance estimated that revenues will double this item. The owners of houses, buildings and land will receive a significant increase in property taxes due to an upgrade that makes the Treasury the value of the property. This appraisal is conducted by the Technical Standards Authority (ONT), who recruited...

Escazú, Santa Ana, Montes de Oca and Curridabat share characteristics in services and trade. Montes de Oca, Curridabat, Escazú and Santa Ana being shared areas of high migration and development and commercial services, while speaking in the east and west of San José is usually locate these cantons as reference points. In the west, it is possible to find 40 branches...

Return real estate funds pressured by interest rates and oversupply. In order to retain tenants of buildings, some fund managers of investment property are willing to freeze increases in rental rates and even apply to sales in the month. Symptoms such as increased supply of available properties and reduced demand for space puts pressure on variables such as occupation,...

Continue to build despite the crisis. The construction of hotels and condominiums is stalled in the country might be inaccurate because in some places like Jacó do not stop. With a contraction as the current international financial architecture, it would be difficult to maintain the pace they had in previous years. However, there are positive developments. Such is the...

The firm Title Latinoamerica, representative in Costa Rica from Chicago Title, will open next May 27 operation in Panama where they will provide the warranty services on property deeds and administration of funds for payments. Alvaro Salas, regional vice president of business development, explained that Panama, unlike Costa Rica, had to establish itself as insurance,...