House and property Sales drop again for the 5th consecutive month, which means a buyers market for investors.
Property sales in Costa Rica fell by 25.2 percent in April after five (5) consecutive months of decline. Investors see opportunity as market seems to be reaching the floor.
April data shows that 3,554 deeds were signed in San Jose, the capital of Costa Rica, for a value of $348,000.00 (approximately). The average amount of each transaction was just over $98,000 USD. The numbers also reflect negotiated price averages dropped over 17%.
Furthermore, official data indicate that recorded sales shrunk over 15% compared to same period last year.
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