SOL REALTY & INVESTMENT
Small surf this week under rainy conditions. Maybe some longer period west swell for midweek? Still some small low level wave activity from the south-southwest. Stay tuned.
Late October-Early November-2016 Tamarindo Real Estate Market Report
Just reporting after some heavy rains that business has been swift of late despite our being in the depths of the low season. Now that the US debates have ended with election day in sight, it seems many a placing their bets for an exode to places beyond and new frontiers. We're still seeing heavy customer traffic from, France, Spain and Italy as well. Canadians as always are a plenty as well. A nice mix of culture and people is always refreshing and welcome. Reports are that this hugh season is going to be huge with business running almost 24-7. There are signs everywhere that next year will bing a boom with investment pouring in. Hopefully it will be followed with steady constant growth and not overheat. Our forecast is that interest rates may move up by a 2.5 basis points by the Federal Reserve's increasing the overnight rate it pays to commercial banks for their reserves but will not sell and dispose of any paper from its bloated balance sheet. First few would want to purchase these ''assets'', and second governments are too broke worldwide as to afford such a move as a return to normal interest rates So, even though a ''symbolic'' interest rate raise of .25% may occur, look for more cheap money in the short, medium, and even long term. We may even see interest rates go negative and an attempt to eliminate cash by the developed countries, or G-8. The punchbowl party shall continue so please stay tuned.
We are located in Tamarindo, Costa Rica and have the knowledge to help you select the appropriate property, business investment. If you are looking to relocate to Costa Rica and have any questions about purchasing or selling real estate and or other investment opportunities, please do not hesitate to contact us. We specialize in value investing, do the necessary homework to protect your interests and have the contacts to make it happen seamlessly.
We are focused, dedicated, discrete and deserving of representing your best interests.
REAL ESTATE is our business, OUR ONLY BUSINESS-SINCE 1998.
COSTA RICAN COLON TO US DOLLAR- BUY: 547.00 SELL: 559.00
6.77- Yuan per US Dollar
US DOLLAR - EURO- $1.08 Euro
10 YEAR US TREASURY YIELD-1.749%
GOLD SPOT-$1,267.10 troy ounce
SILVER SPOT-$17.48 troy ounce
WEST TEXAS INTERMEDIATE CRUDE-$50.69
US PRIME rate- 3.50%
LIBOR 6 MONTH- 1.247
15 YEAR FIXED RATE MORTGAGE (US Dollars)- 2.82%
COSTA RICA -15 YEAR ADJUSTABLE RATE MORTGAGE (US Dollars)-9.0%
COSTA RICAN PRIME RATE-TARIF PASIVA (CR COLONES)-4.70%
FLORIDA ICE AND FARM- 966.00 COLONES PER SHARE
10,000 m2=1 HECTARE
1 hectare=2.47 ACRES
1m2=10.76 sq ft