World Market Real Estate Trends and Costa Rica
The international housing, retirement, and tourist markets are seeing a large increase to the south,such as in Costa Rica.
Ontario (I-Newswire) February 25, 2013 - The international housing, retirement, and tourist markets are seeing a large increase to the south,
such as in Costa Rica. The CRREC, a real estate authority, points to Costa Rica and similar
places as primary targets for investors seeking revenue generating properties in the current
market. The beginning of 2013 has been a high season in real estate sales.
The CRREC also points to another global market trend occurring, a trend that is seeing a
decrease in traditional markets for retirees and one that has a marked presence for destinations
such as Costa Rica. Retirees are beginning to realize that traditional hallmark destinations such
as Florida are not the only game in town.
An article out of San Jose Costa Rica denoting the steady increase in the Costa Rican Real Estate
Market reminds readers that “With higher than average global life expectancy, admirable world-
class healthcare and educational systems and some of the most temperate climates, the Costa
Rica lifestyle continues to attract foreign investors in droves.” Listed among other positive
attributes attracting buyers and investors alike are Costa Rica’s geographic proximity to the
States. To be a world apart yet also be able to get back to the U.S.A in a matter of hours by air
flight appeals to many.
As 2013 continues, other trends and sources point to increased growth in Latin and South
American countries. The Business Mirror points out that with uncertain health in sectors of the
U.S. economy and a financial crisis still lingering in Europe, that a World Bank forecast shows
Latin American and Caribbean economies are expected to grow by 3.5 percent and to average
3.9 percent growth in 2014 and 2015.
As one looks at the current world real estate market forecast, it looks like the southern countries
are growing in attractiveness as long term investments for regular and commercial property
Perhaps it is not one single issue but a myriad of factors that are contributing to this. Among
these factors are long-standing ones such as climate and proximity to buyers’ native countries,
and also the changing economic and real estate environment in countries outside of Latin
America and the Caribbean, that make a large part of the Southern Hemisphere and especially
places such as Costa Rica attractive in the current real estate market.
On-Line PRweb, Janaury 31, 2013
Business Mirror, February 09th, 2013
Toronto, Ontario, Canada
Phone : 416-716-0468
Published On:February 25, 2013
Print Release:Print Release
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