Medium sized pulse for this weekend with the arrival of a slightly larger pulse early to mid next week. Offshore winds are the norm as high pressure is present and should be for a few more weeks. Drought conditions.
July 2015-Tamarindo Real Estate Market Report
The hot Papagallo winds are a blowing and the market seems to be taking a breather. Though we have been showing properties lately at a steady clip the market seems to be slowing a tad.. Is it just a hiccup in the business cycle or more indicative of a more structural problem in the economy? Nobody knows for the short term to be sure; and as for the long term is concerned we think this market will explode into the stratosphere. There are just too many factors demonstrating future demand far outstripping supply. Lack of water for future expansion will signal very slow growth in supply in the aggregate. Yes, there wiill new construction but nothing of the scale we've seen since the past decade or so. Another tidbit related to the demand side of the equation is the fact that many people are converting their fiat currencies into tangible real assets for fear of a future currency and or global sovereign debt crisis. Though we're not fortune tellers we can reasonably recommend to take some of that paper and put it to work in a real asset here, all the while safeguarding your wealth. Just make sure you make money on the purchase, and we at Sol Realty are most suitably fit to help you in that endeavour. That's all for now folks.
We have the knowledge to help you select the appropriate property, business and or investment. Should you have any questions about purchasing or selling real estate and or other investment opportunities in Costa Rica, please do not hesitate to contact us at any time. Our specialty is buyer representation and are known for striking the very best deals for our clients. If you are a seller, we will not sugarcoat or tell you what you want to hear but rather will tell you what you need to hear, guiding you to the truth of the matter with hard fact to support our opinion. Whatever the case and should we list your property it will be with the intention of selling it for you in the shortest time possible and achieving maximum net seller proceeds.
To end we are focused, dedicated, discrete and deserving of representing your best interests. REAL ESTATE IS OUR BUSINESS, OUR ONLY BUSINESS.
Cordially Yours, Sol Realty & Investment Consulting.
BNCR-US Dollar Currency rate exchange today: Buy: 528.00 colones-Sell: 540.00 colones- 7/05/2015
Bank of China-US Dollar to Chinese Yuan Renminbi: $1.00=6.20 Yuan
US Dollar to Euro- $1.11 Euro
GOLD SPOT-$1,167.80 troy ounce
WEST TEXAS INTERMEDIATE CRUDE-$55.52
US PRIME rate- 3.25%
Libor 6 month- 0.27%
15 Year Fixed Rate Mortgage (US Dollars)-3.33%
Costa Rica-15 Adjustable Rate Mortgage (US Dollars)-9.0%
Costa Rica Prime Rate-Tarif Basica (CR Colones)-6.90%
Florida Ice and Farm-685.00 colones per share
10,000 m2=1 hectare
1 hectare=2.47 acres
1m2=10.76 sq ft