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Costa Rica Commercial Real Estate Market News and Information
This category has information related to commercial real estate in Costa Rica. Buying, selling, leasing real estate, plus expert advice and market conditions.
Banco Popular Foreclosures Grow 500%
- Wednesday, 22 February 2012 01:24
- Last Updated on Monday, 29 November 1999 18:00
- Written by Russ Martin
According to information released by Banco Popular, the real estate for sale by the bank grew 5 times from 2009 to 2011. In December of 2009 the value of foreclosed real estate in the bank's portfolio was 2.221 billion colones, while in 2011 it was valued at 11.178 billion.
Sugeval Levies Fine against Multifondos
- Wednesday, 14 September 2011 05:23
- Last Updated on Monday, 12 September 2011 08:54
- Written by Rod Hughes
Buying buildings not yet constructed is costing the Multifondos SFI investment company 49 million colones in fines. SUGEVAL, the watchdog agency that is the equivalent of the Securities and Exchange Commission in the United States, ruled the firm in violation of finance law.
Multifondos general manager Antonio Perez defended the investment violation, claiming that Sugeval did not take into account that the buildings were considered agro-industrial land partly constructed.
Property Auctions Go Internet
- Tuesday, 13 September 2011 04:51
- Last Updated on Saturday, 10 September 2011 09:52
- Written by Rod Hughes
Banco Nacional in conjunction with the National Real Estate Chamber, is auctioning off 70 repossessed properties on the Web. For now only the bank is participating in this sale but in the future it will be open for individuals, says Chamber president Aleyda Bonilla.
Prospective buyers here and abroad can send an offer by accessing www.subasta-cccbr.com The auction includes houses, lots, condos, apartments, farms and developments.
Plaza Tempo Begins Leasing
- Saturday, 10 September 2011 05:18
- Last Updated on Wednesday, 07 September 2011 16:42
- Written by Rod Hughes
With 40% of construction completed and its centerpiece, the Holiday Inn, having opened its doors in June, Plaza Tempo mall in Escazu is looking for commercial renters. The $40 million project is scheduled to open in May, 2012, with 16,000 sq. meters of office space and 6,000 sq. meters of stores.
The Salvadoran company Grupo Agrisal that financed the mall notes that its 50% of office space for sale is graded A+, having prime location, excellent design, advanced communications, standard fire insurance and easy access.
Registry Changes Procedures
- Saturday, 03 September 2011 04:46
- Last Updated on Thursday, 01 September 2011 10:28
- Written by Rod Hughes
After Sept 1, expect to pay a small cost for certifying your business records or real estate, warned the news blog Top 10 Costa Rica last week. The old Web site www.registronacional.go.cr is also being retired in favor of www.mpdigital.com
Paper certifications are also available in person through some municipalities and Banco de Costa Rica branches. The charge for Web certificates is a nominal 2,500 colones.
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Newsflash
A fijatevos.com Heads Up: Want to see some excellent photos of Costa Rica? CNN makes use of what it does best, giving iReport amateurs a chance to play journalist with arresting pictures and commentary, this time on its Travel Adventure page. http://ireport.cnn.com/topics/629368?hpt=itr_bn1 The feature is so compelling that it made fijatevos staffers want to go there -- even though they already live in the country! Some of the commentary also gives two excellent reasons for visiting Costa Rica in the off season: fewer tourists and generally lower prices. |
