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Dollar volatility raises fears among potential buyers of homes in Costa Rica

Friday, September 17, 2010

House sales have dropped in recent months in Costa Rica because potential buyers are postponing decisions as a result of the volatility of the dollar and its knock-on effect on interest rates.

The trend is confirmed by brokers and developers that are trying to implement strategies to boost the business.

In pre-crisis years, the residential real-estate sector in Costa Rica was bounding along at some 24 per cent. Currently sales have dropped by 40 percent.

Original source (in Spanish): La República