Costa Rica will see an increase in the sale of commercial properties

Costa Rica Real Estate indicates that it has been an interest of investors for commercial properties in the country.

Costa Rica Real Estate, entity of real estate in the country indicated that foreign investors not only seek properties of rest and pleasure, but have also shown great interest in the purchase of commercial real estate.

Investors are increasingly seeking a diversification of its business, adding to its portfolio of properties, those of commercial type, which generates an important benefit for Costa Rica in terms of popularity internationally and market growth.

"Almost daily we receive calls from investors seeking to invest in commercial properties, including hotels, restaurants and other tourism businesses," mentions Costa Rica Real Estate sales manager Jerad Portner.

This not only indicates that there are many business possibilities and opportunities for persons seeking re located in the country, but is also a sign that the easy access to the Costa Rican market has allowed foreigners see the country a source of income and a place to live in retirement.

Some of the factors that attract more investors are the fact that Costa Rica meet unique conditions and possibilities for their businesses to grow and thrive in the country, among the most significant factors are: a high standard of living with a wide expectation, excellent medical conditions, pleasant temperatures and its educational system.

Also plays a role in this phenomenon of business purchase, the closeness that exists in Costa Rica with many cities in the United States, for example, short flights and almost daily that has been growing by several airlines allow investors living only a few hours of its business establishments, easy access and reception afforded to foreigners also stimulates these purchases.

Costa Developers offers you the possibility of acquiring a property in one of the country's major tourist areas, if you seek to become a businessman in Costa Rica, this mode is of great benefit, because you'll save money if you purchase a property that you can use some times a year, without assuming the total cost and not pay high hotel bills whenever you comes to the country to oversee your business.

Posted by Costa Developers

Davivienda Financial Group takes control of HSBC

Bank plans to expand operations in El Salvador, Honduras and Panama.

Colombian bank Davivienda took over this week HSBC Bank operations in Costa Rica, after formalizing the acquisition of its shares last Friday.

Davivienda’s total investment was $300 million for all companies and businesses belonging to Grupo Financiero HSBC in the country, including a stock brokerage firm and an insurance agency.

Efraín Forero, president of the group, believes that Costa Rica is “promised land” for foreign companies in Central America and Colombia. He also confirmed the bank plans to approve personal loans or mortgages “within minutes.”

Davivienda is developing a strategy called “multilatina,” with $25 billion in assets, placing it 26th in the ranking of Latin American banks.

After the Costa Rica venture, the company plans to open businesses in El Salvador, Honduras and Panama.

HSBC’s 800 employees will remain at their jobs.

Posted by Costa Developers

China approves Costa Rican beef exports

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Permission from the Chinese government for Tico dairy products is in a final stage of evaluation.

Chinese officials reported Today that Costa Rica is officially included in the list of countries authorized to export beef to that country.

During an August tour of Asia by Costa Rican President Laura Chinchilla, officials from both countries announced the forthcoming opening of the market for Costa Rican beef, pending delivery to the Asian country of health certificates.

Foreign Trade Minister Anabel González said that China’s approval “is a win for the agricultural export sector, because that market offers great potential for our businesses, and we will continue working on the identification of potential niche markets for Costa Rican products.”

Costa Rica already has approval for entry into China of bananas and cattle hides, and is working on the approval for pork, chicken, seafood, pineapple and melon. Permission for dairy products is in its final stage, according to PROCOMER.

During the first year of entry into force of the China-Costa Rica Free Trade Agreement, exports from Costa Rica to China increased 70 percent compared to the same period the previous year, before the trade agreement was implemented.

Posted By Costa Developers