 |
Costa Rica Real Estate Prices for Vacation Homes Drop 40%
San Jose, Costa Rica (PRWEB) August 20, 2008 -- Costa Rica real estate prices recently experiences a drop due to the US mortgage crisis. North American banks who once granted second mortgages and loans to residents for the purchase of a vacation home in Costa Rica are becoming more strict on there requirements since the beginning of the real estate crisis. Wendy Jordan a senior partner of the on-line classifieds portal Encuentra24.com said that "realtor's have been forced to decrease their asking prices from 20% to as low as 60% to make there pacific cost line condominiums, homes and vacation properties more attractive to prospective buyers". Vacation Homes once sold for $650,000 can now be purchase as low as $400,000. More than 60,000 American are estimated to live in Costa Rica according to a recent Reuters Article (http://www.reuters.com/article/domesticNews/idUSN0125596420080801) and most seem to enjoy living in the Guanacaste Region due to the proximity to the Liberia airport.
The recent drop in prices could be clearly noted on all property listings in real estate classifieds websites such as Encuentra24.com (http://www.encuentra24.com/real-estate-costa_rica-en.html). The drastic drop rates attracts buyers from the Canada and European markets who have not been affected by the US real estate economy. Due to this same fact, the encuentra24.com increase its online traffic in Costa Rica of bargain hunters. The website showcases listings available for buyers at no cost, yet realtors and developers can posts for-sale and/or for-rent real estate ads for as low as $29.00 per month and receive the on-line version of a business class ticket to an intensive on-line marketing ride.
Costa Rica's real estate boom peaked 3 years ago, yet encuentra24.com's website performance has maintained a constant increase since it's not only designed for the foreign real estate investors, but local buyers and advertisers. The Central American Country registered a 27% Internet penetration growth in 2007 according to International Telecommunication Union (ITU) report published in InternetWorldStats. Out of a population of 4,505,400, Costa Rica registers a Internet Usage of broadband and telecommunication's of 1,214,400 as of August 2007 the leading Central America country, and second best in Latin-American after Chile.
Encuentra24.com has 50,000 registred owners/realtors and 650,000 visits per month searching for real estate in Centro America (http://www.encuentra24.com/real-estate.html).
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
 |
Disney Home Rentals: The Classy Way to Enjoy a Vacation at Disney World
If you are headed to Orlando and Disney World for your next vacation then I have a tip for you Instead of staying in a hotel, you should get a Disney home rental, that is, a vacation home rental adjacent to Disney World
Hawaii Travel Deals - Traveling Cheaply to the Hawaiian Islands
Planning a family vacation this year How about visiting the Hawaiian Islands
From Ocean Cruises and Ocean Liners to Vacation Cruises and Cruise Ships
The golden age of transatlantic ocean shipping and travel began long after Columbus' trying to prove that the earth was round. After that time, ocean sailing vessels traveled to the new world on a rather infrequent schedule.
Cruise Ship Travel: 5 Tips For Cruise Travelers
Preparing for cruises can be an easier job, if you plan ahead of time It helps in assuring you that your cruise vacation will be a memorable one
Cruise Travel: How To Prepare For Travel On The Ship
Cruise ships are a fun and engaging way to see numerous ports of call, enjoy a variety of activities and travel through beautiful regions Cruise ship travel is, by nature, markedly different from any other form of vacation
Miami Florida Timeshares - How To Enjoy The Beauty Of Miami Florida Timeshares
Have you ever been to Miami? Miami is one of the top destinations in the world and even the top celebrities spend vacation time in the city of Miami. Getting a timeshare can get you the vacation of your dreams without costing you a fortune every single year. You will already have a place to stay that is as nice as you possibly could imagine and you will only have to worry about your airfare and extras. The great thing about Miami timeshares is you can be paying for your vacation all year at first, then when you pay off your timeshare you will only have to worry about the small membership fee each year. This will give you a great place to vacation each and every year.
Hawaii Timeshares - Make Money And Vacation With Hawaii Timeshares
Are you interested in taking a vacation to Hawaii once a year? Do you want to vacation there with a resort company and you want to do it the right way? There are ways to get the Hawaii vacation you want and make money with Hawaii timeshares. Here is the step by step plan to your timeshare in Hawaii.
Beach Lovers: Enjoy Your Hawaii Vacation With A Hawaii Beach Rental
Do you consider yourself to be a beach lover? Whether you enjoy lounging along the shoreline, swimming, scuba diving, boating, or surfing, you may consider yourself to be a beach lover. If you do love the beach, there is a good chance that you may want to vacation in an area that can give you just what you want; a place to swim, boat, surf, or go scuba diving. You can do this in Hawaii. In fact, you can have the vacation of your dreams on one of the many Hawaiian Islands.
Cruising the Bahamas Islands for Your Next Sailing Charter
The Bahamas is composed of approximately 700 major and minor islands along the Atlantic Ocean (of which only 30 are inhabited). Most of these islands are made of corals formed thousands of years ago. The island country is only 50 miles away from the US state of Florida. Sailing in Bahamas is a good start if you want to travel around the Caribbean. Its 700 mile coastline stretches as far as Haiti. Aside from this, its waters are great for both sailing and scuba diving.
New Tools for Writing, Mapping, Hunting, Fishing, Hiking and Gardening at Waterproof-Paper.com
New tools are now available for those who must write under extreme conditions. Waterproof-paper.com has a new line of waterproof notebooks and waterproof pens to protect your important notes and documents.
|
