La Nacion reported a sharp increase in real estate acquisition and
development by foreign investors in Costa Rica in the first quarter of 2013
This contributed $377 million to the national economy.
These increases are confrmed by an increase of 13% in real estate purchases in the Central Valley during the the first quarter of 2013 (Q1).
La Nacion reports that the Pacific Coast has experienced an increase in residential investment whilst San Jose and the Central Valley have seen more commericial real estate investment.
The Central Bank of Costa Rica reported that the $377
million enjoyed by the real estate sector represents 90 percent of
revenue in 2012; in other words, the real property industry seems to be
booming once again.
Estimates by La Nacion indicate that the quarterly
increase has been the highest since the year 2000.
Read the full story in La Nacion here: http://periodico.nacion.com/doc/nacion/la_nacion-10julio2013/2013071001/#16
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