SOL REALTY & INVESTMENT
Medium period and pulse from the southwest this week with slowly clearing skies and soft offshore mornings. Winds variable in the afternoons. If you look hard enough, you shall find perfection.
December-2016 Tamarindo Real Estate Market Report
Now that the US election is over we can reasonably look forward to the continued firming of our market with tight supply in Tamarindo. Over the last 12 months we have seen a marked increase in lot sales in and around the greater Tamarindo area with both ocean views and or proximity to the beach being highly attractive purchases. To be sure these prices will eventually start rising in the future due to lack of this inventory. It's finite in nature; ditto for the overall Tamarindo market in the aggregate. Now has never been a more opportune time to pick up an undervalued asset; certainly if one is planning on holding for the long term. Of special interest is improving any and every building lot with ocean views (both in and out of town) as these can bring an immediate upside bump on one's cash basis of 25% plus. We also strongly advise to buy and hold for the long term, a strategy which we are employing for our own portfolios as well. As for the short to medium term we see continued low interest rates worldwide despite the recent bump in the 10 year note, thus creating ample base money in the system and greasing the wheels for further growth. We may see a symbolic gesture in terms of a rate hike from the US Federal Reserve, but it is unlikley it will raise real rates anytime soon since such a move could put unecessary stress on the US Treasury Dept by increasing the interest payments on its already colossal $20Trillion accumulated debt relative to 2017's estimated GDP. To note it's been interesting to see the market's US Treasury bond sell off due to the expectation of higher rates and yields, with the latter inching up day in and day out since the election, with it backing off just recently. Meanwhile, excellent returns can already be found here in both public and private sector debt with average returns of 4% on US dollars and 7% in Costa Rican colones. 2017 growth in Costa Rica is forecast for 4%, with much of this happening in our sector in Guanacaste. Looking forward to seeing and doing business with you during this high season 2016-2017.
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. Our clients' success is our success each and every time.
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: 546.50 SELL: 558.50
6.90- Chinese Yuan per US Dollar
US DOLLAR - EURO- $1.06 Euro
10 YEAR US TREASURY YIELD- 2.427%
GOLD SPOT-$1,173.80 troy ounce
SILVER SPOT-$16.46 troy ounce
WEST TEXAS INTERMEDIATE CRUDE-$50.41
US PRIME rate- 3.50%
LIBOR 6 MONTH- 1.2565%
15 YEAR FIXED RATE MORTGAGE (US Dollars)- 3.28%
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- 945.00 COLONES PER SHARE
10,000 m2=1 HECTARE
1 hectare=2.47 ACRES
1m2=10.76 sq ft