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| Buyers Market in Costa Rica |
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Now is a good time to negotiate a property purchase in Costa Rica, in light of the slow market, according to Gary Sheriff of property agency C.R.UK. Global. Fuelled by rising tourism and retirees from North America, Costa Rica’s property market has boomed over the past decade, with prices recording up to 300% growth over the past decade across some parts of the country. However, with a number of new-build residential developments nearing completion, coinciding with a significant fall in demand, in light of the economic woes experienced in nearby America, the country’s property market has come to a shuddering halt. With no direct flights operating from the UK, Brits have often overlooked Costa Rica as a holiday home and retirement destination. However, Sheriff, a Brit who now lives in Costa Rica, says that Brits are missing out on a better way of life. |
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