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Multinationals boost real estate in Costa Rica

Thursday, April 18, 2013

Demand for luxury homes in the San José area is getting stronger, said John Wieland, the president of Coldwell Banker Costa Rica, adding that a number of multinational corporations had recently opened offices in Costa Rica.

Federico Vega, a commercial manager at Secure Title of Latin America, a title insurance company in San José, said prices were lower in coastal resort areas, which relied heavily on foreign buyers.

Many foreign buyers come from other Latin American countries, especially Colombia, Venezuela and Panama, said Vega. But he added: “The No. 1 is still the United States."

Source: New York Times