The real estate market in Costa Rica is displaying signs of significant interest towards pre-built construction of coastal gated communities while pressure rises from competing markets such as Panama.
The Costa Rica real estate market saw a significant turn-around in 2013 after setting a record in international arrivals in 2012 with over two million landing on its sunny shores.
The private equity industry is finally returning in real estate markets after a long recession.
Real estate prices shot up to over $8,400/acre, an increase of 400 percent.
Owned by Tavistock Group, Tiger Woods and Ernie Els, the resort reveals plans for the second phase of its Marina Residences.
Costa Rica is a country that has a well establish and relatively easy system.
The clock has been reset in the Costa Rica real estate market. Experts see prices rolling back at least eight years.
Grand Tower, the latest major project to be delivered in Punta Pacifica, has finally been issued its occupancy permit. The developer of the 55-story tower has started to notify owners to prepare for closings, which are expected to begin in December.
The Canada Pension Plan Investment Board is forming a partnership with Banco BTG Pactual S.A. to invest in Brazil residential development. CPPIB has committed US$240 million for a 40 percent interest in the venture.
As fans of the series "Homeland" already know, the tense CIA thriller took a surreal turn this week, when Marine/Terrorist/Ex-Congressman Nicholas Brody suddenly appears in a bleak, urban landscape in the middle of Caracas, Venezuela.
Mortgage rates in Brazil are at two-year low, while mortgage lending has increased as banks look to profit from a secure mortgage business. Itau Unibanco Holding SA and Banco Bradesco SA have each increased their home-loan portfolio by 32 percent.
Property sales in Argentina dropped 44.7 percent in June from the same period a year ago, as the market wrestled with new currency regulations. The June sales of 2,632 homes amounted to $1.5 billion. 37.2 percent lower than the same time last year.
There were a lot more active Panama real estate agents back in 2008. That's when people were buying properties sight unseen, over the phone, before construction had even started on the project.
The real estate market in Panama has reached a new level of luxury and exclusiveness. This small country with the ever growing skyline reminiscent of Miami now boasts Latin America's first man-made islands, the Ocean Reef development.
Los Angeles-based fund manager Paladin Realty has completed a deal to invest in a $10 million joint venture to build middle-income homes in San Jose, Costa Rica. Paladin is teaming with CSC Management and Development, S.A.
Desarrolladora Homex, Mexico's largest homebuilder, recorded a 10.1 billion peso ($796 million) loss for the second quarter, as sales plummeted and the company took a 5.3 billion loss on land and construction projects.
While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces.
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