Agents are reporting high interest from investment buyers in a Caribbean state which has suddenly seen a number of ‘fire sale’ real estate deals.
BuyingCR said Costa Rica was offering “irresistible bargains” including homes being sold at a fast discount due to the global downturn.
It also listed a number of prime real estate investment opportunities which had sprung up in the current climate.
Costa Rica, sandwiched between Nicaragua and Panama, is a popular spot for beachfront real estate projects and offers a lower cost of general living compared to countries like the US.
BuyingCR said: “Throughout the Dominical and Uvita areas, we are seeing more and more amazing fire sale properties coming up.
“We are also seeing these properties getting bought up. As fast as they come in they are going out. Closings in Escalares, Dominical, and Cortes in excess of $3 million are proof of this trend.”
Real estate deals offered by BuyingCR which could make a shrewd investment include a three-bedroomed plantation-style designed house in the Escaleras Mountains, going for $649,000.
BuyingCR is also listing island real estate including an island off the coast of Panama for $100 million – which the firms says is the most expensive island in the world.
Other new investment opportunities in Costa Rica include off plan homes at the La Meridiana near Tamarindo with prices ranging from $95,000 to $329,000.
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