Costa Rica Real Estate Shows Record Numbers First Quarter 2013

While reports are still coming in from throughout the country, Costa Rica Real Estate S.A. is already displaying a record 1st quarter for 2013.

Real estate agencies from around the country have been reporting growing trends towards a market on the rise.

Over the past few years, the Costa Rica real estate market has been a little soft according to area realtors.

"Oh sure...most of us [realtors] recognize that the days of the booming real estate sector that quickly spread around the entire country is all but a memory, we are however seeing a rising trend again towards the housing markets within the $200k - $400k price points." said realtor Brian Bickell.

And this isn't just an isolated opinion - this appears to be the case straight across the entire sector.

Whether or not this trend continues remains to be seen however it is undeniable that it is increasing in activity and interest as more people become educated on the benefits of investing in this promising part of the world.

"Actually, we are beginning to notice a rising interest in higher priced luxury Costa Rica real estate properties with investors from around the world including locations such as the Middle East, Europe and of course North America." claimed Jerad Portner, sales director for Costa Rica Real Estate.

With the help of articles from such influential magazines as International Living and Forbes, the Dominical real estate sector has also begun to flourish with more communities and facilities popping up around the county. The draw for many has been a longer life expectancy, healthier living and affordability including healthcare.

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CRREC ignited the real estate revolution in 1996 with it's incorporation. Then reinvented themselves in 2012 with the acquisition by current CEO Brett Elliott who plans to further strengthen the CRREC brand. Costa Rica Real Estate dot COM continues to lead the industry with its trusted service guarantee and dedication to buyer protection which is defining the future of real estate in Costa Rica.

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Costa Rica Real Estate & Homes For Sale Rises in the Market once more.

The Costa Rica real estate market has seen steady improvement during 2012 and 2013 in response primarily to a strengthening housing market in the United States. As a result, Re/Max Ocean Surf Realty, the longest running Re/Max agency and largest networked team in the country has decided to expand its agent count.

According to Chris Simmons, the founder of Re/Max Ocean Surf and its three affiliated offices located in the desirable North Pacific Guanacaste region, “We are seeking more agents to serve our growing client base. Higher median prices in the USA are now driving buyer interest in higher priced and luxury real estate properties, particularly for ocean view, beachfront, and near beach properties. Buyers from hot markets in the USA like California and Florida see Costa Rica as offering great value in comparison to similar beach real estate in the United States. We still have luxury condos for under $200 per square foot, pricing that is rare in the USA.”

The National Association of Realtors (Costa Rica Homes For Sale) real estate market data for July demonstrates that the United States experienced a 5.24 percent decline in housing inventory. National median list prices increased 5.27 percent year-over-year while median age of inventory is down 16.67 percent.

Statistics are harder to come by in Costa Rica as the nation has no national Multiple Listing Service (MLS). However, a review of real estate websites in Costa Rica’s Guanacaste North Pacific Gold Coast region reveals that, like the United States, lower and median priced properties saw dynamic sales during 2012 and early 2013. Lower priced inventory declined drastically, and median condo and home prices are increasing. As a result, Chris Simmons says that he expects the positive trend in both sales and pricing of Costa Rica property to continue.”

DataQuick (http://www.dqnews.com) a USA real estate information service, reported that the number of homes that sold for $5 million or more in California reached an all-time record in 2012. California also achieved sales records last year in the $4-5 million range and the $3-4 million range, and also had the highest number of home sales of more than $1 million since 2007. And a record number of buyers paid with cash.

Chris Simmons agrees that many of his buyers during the past two years were from the power-house markets of Florida and California. However, he anticipates that as the real estate recovery spreads, Costa Rica will see more buyers from other regions of the USA which has encouraged him to expand his team.

The National Housing Trend Report by the National Association of Realtors (http://www.realtor.org) relates that, while the California market dominated in the past couple of years, it has been replaced by a new set of market leaders including: Detroit, Mich.; Boston; Denver; Honolulu and Naples, Fla. The large decreases in the for-sale inventory in these markets suggests the beginning of a housing market recovery process similar to what was observed in Florida in 2011, and in California in 2012 and 2013.

Chris Simmons notes that “This is an exciting time for real estate in Costa Rica and for my growing team. Buyer confidence is up, and this definitely is having a positive effect on our market. When our clients see their real estate investments at home experiencing significant increases, they are more likely to invest in second home and resort markets. Moreover, as the overall global housing market improves, our client base grows since Costa Rica attracts buyers from around the world due to its foreigner friendly property laws and high standard of living."

Credits for this article to PRweb.com

Costa Rica Homes For Sale

Costa Rica has been elected Happiest Place on the Planet for the second year consecutively by the NEF and HPI (Happy Planet Index). A couple of the attractive points that make Costa Rica so suitable are family standards, educational awareness, ecological mindset and a medicare system in the upper eschelon of the world.


Having never been one to follow along, Costa Rica disposed of it's army in the late 40s to redirect the money in to a model medical care system and revolutionary academic field. Most of the time regarded as the Switzerland of the Americas, the region has surfaced as the principal alpha dog in green tourism and is continually on the short-list of anyone contemplating a "eco friendly" location. Its unique beauty, stable democracy, wholesome lifestyle and social system also have combined to allow it to be one of the most sought-after retirement and investment areas in the Americas.


With the prognosis looking awesome, Costa Rica real estate is primed and prepared for what 2013 is bound to bring.

Elements evaluated in the annual research are eco footprint, well-being and life expectancy for starters. Costa Rica's closeness with nature and ecological awareness is no secret - furthermore the country has emerged as a mecca for eco-travel and has selected that 25% of it's land will be deemed as biological reserves and national parks. As a strong nation, Costa Rica sets the bar high for other Central American regions in that it has a on going peaceful prominence and an exceptional social network which help make Costa Rica excel in Latin America.


First indicators are showing us an expanding commercial boom may perhaps be upon us with an unbelievable increase in construction of mega malls and shopping places in all segments of the Central Valley. Along with many significant commercial projects choosing to develop - like Avenida Escazu and the Multiplaza Escazu - this only verifies more so, the idea of a rise in commercial Costa Rica real estate appeal. Another fine sample of a flourishing commercial niche is the City Mall development scheduled for finalization by 2014. This shopping centre is appearing to be bigger than Multiplaza Escazu and rather than phases, this structure will be formulated all immediately.


This great commercial development is actually started in Alajuela and after completion it's going to have over 185,000 square metres of structure and 280 commercial locales. With the help of a 100% sellout, City Mall's success in that regard is attributed to some effective marketing by the creator. They enticed such notable international brands as Kenneth Cole, Tommy Hilfiger, Gap and a lot more. Ten movie theaters showcasing the latest in technological advances such as 4D, will be provided in the design.


It was not that long ago when MSNBC called the  Costa Rica Real Estate  segment one of the hottest on the globe - as a result of this great media plug, the numbers would continue to rise until about 2007 when the world crisis would impact Costa Rica. Fortunately for Costa Rica, the overall consequences of the crisis would not last for very long and they have since recovered very strongly from it.


It's unmistakable the Central Valley is seeing a construction boom and exactly the same thing can be said for Guanacaste having said that in this place it is actually to meet demand for a growing medical tourism niche. So to satisfy demand, developers in Guanacaste are constructing developments to facilitate this lucrative industry of health tourists researching low-cost medical procedures.





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CRREC - Costa Rica Homes For Sale

Costa Rica has been elected Happiest Place on the Planet for the 2nd year consecutively by the NEF and HPI (Happy Planet Index). This tiny yet, genuinely diversified and progressive nation blends a quality of life, focus on eco longevity, education and healthcare to place it far above all other competitors in this new index ranking for standard of life.

A few of the points in the report - released yearly - are points like life span, wellness, heath care treatment, schooling and an overall environmental impact of the country. As a headliner in the eco-consciousness scene, Costa Rica excels from government all the way down. Costa Rican's have been recognized with being some of the most "green friendly" people on earth. As a strong nation, Costa Rica sets the bar high for additional Central American regions as it has a traditional peaceful stature and an exceptional social network which help make Costa Rica get noticed throughout Latin America.

Without an army since the 1940s, Costa Rica has actually taken the excess in resources and invested it in a top class education system and an amazing medicare health insurance system. Most of the time recognized as the Switzerland of the Americas, the country has materialized as the principal standard in eco consciousness and is repeatedly on the list of anyone deciding on a "ecologically friendly" destination. With the incentives of life in Costa Rica would it be all that unexpected to know that the country has grown to become one of the most desirable retirement hotspots.

It wasn't that long ago when MSNBC termed the  Dominical Real Estate  market place one of the hottest on the planet - with help of this fantastic media spot, the interest would continue to develop until approximately 2007 when the global crisis would hit Costa Rica. With such a short length of the effects of the crisis, Costa Rica has since recovered and is well on it's path to their once flourishing Costa Rica real estate sector.

There are some early indicators that with an increase in building through-out the Central Valley, that a mini boom could be upon us with regards to the commercial segment of Costa Rica real estate. Along with many large commercial projects deciding to expand - like Avenida Escazu and the Multiplaza Escazu - this only confirms more so, the idea of an increase in commercial Costa Rica real estate appeal. Another useful sample of a blooming commercial sector is the City Mall project planned for completion by 2014. This shopping centre is looking to become greater than Multiplaza Escazu and instead of stages, this development will be formulated all immediately.

City Mall, that is being erected in the region of Alajuela, vows beyond 185,000 sq.meters As a result of some imaginative marketing efforts by the creator, City Mall is 100% occupied with a number of very influential international brands that include Kenneth Cole, Tommy, the Gap and some others. Ten theaters with the latest in innovation most notably 4D, will be integrated in the design.

The council in real estate in Costa Rica is CRREC (Costa Rica Real Estate .COM), along with the largest inventory of properties whether commercial or residential.

It is obvious the Central Valley is amidst a construction boom and the exact same applies for Guanacaste though in this place it truly is to supply demand for a rising medical tourism market. Costa Rica medical tourism is another growing sector - specifically in Guanacaste - that has companies building to satisfy this productive sector.


Looking ahead the Costa Rica real estate sector is seeing new promising segments and the resurgence of a handful of old ones - 2013 is looking favourable for real estate in Costa Rica.

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